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Q1 2021 Hexagon AB Earnings Call Transcript
Hello, and welcome to Hexagon Q1 report for 2021. (Operator Instructions)
I am now pleased to present Ola Rollén, CEO. Please go ahead with your meeting.
© - ()- -
Thank you very much. Welcome, everyone, to this first quarter interim report of 2021. And if we turn to Slide #4, overview of the first quarter in '21. Recorded sales increased by 10%. Organic growth, however, increased by 11%. And to the right, you have the sales bridge where you can see that organic growth, 11%, currency, minus 5%, primarily U.S. dollar and Chinese renminbi. And then structure, i.e., acquisitions, contributed with plus 4%. All in all, we recorded EUR 978 million in the quarter in sales, and we also recorded EUR 258 million in EBIT, and that is an increase of 34% compared to the first quarter of 2020. The adjusted operating margin was 26.4%, and the gross margin was 64.4% in the quarter.
We now go to Slide 5. This is just for you to remember that the
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