Q3 2020 Hexagon AB Earnings Call Transcript
Hello, and welcome to the Hexagon Q3 report for 2020. (Operator Instructions) Today, I am pleased to present Ola Rollén. Please go ahead with your meeting.
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Thank you very much, and welcome, everyone, to this third quarter interim report of 2020. I suggest that we start on Slide #4, overview of the third quarter 2020.
So recorded sales decreased by 2%, and we report an organic growth of 0%, FX of minus 4% and then a positive 2% impact from acquisitions during the year. It's a broad-based sequential recovery, and we see China recording 18% organic growth.
We report solid growth in the Geospatial segment, and Geosystems and Space & Infrastructure record 5% and 9% organic growth, respectively. But we do see continued negative organic growth the Industrial segment where Manufacturing Intelligence and PPM record minus 4% and minus 7% organic growth. Software recorded growth in the quarter, whilst hardware contracted.
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