Q1 2020 Hexagon AB Earnings Call Transcript

Apr 29, 2020 / 12:00PM GMT

Transcript

Operator

Ladies and gentlemen, thank you for holding. And welcome to the Hexagon Q1 report 2020.

(Operator Instructions)

I must advise you that this conference is being recorded today. And I would now like to hand the conference over to your host, Ola RollÃÂ©n, Chief Executive Officer. Please go ahead, sir.

Ola RollÃ;n;publ;CEO

Hexagon AB;President & Director

© - ()- -

Thank you, and good morning, good afternoon and good evening, everyone. And welcome to this first quarter report for 2020. And I suggest that we straight to Slide #4, overview of the first quarter in 2020. It's indeed extraordinary times that we are living through and recorded sales decreased by 3%, but organic sales dropped by 7%. We saw solid organic growth from our software-oriented division, PP&M and Safety & Infrastructure that grew 8% and 24% organic growth, respectively, in the quarter. Geosystems and Manufacturing Intelligence recorded minus 11% and minus 14% organic growth. They were negatively impacted by a

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