Q2 2026 Hexagon AB Earnings Call Transcript
Key Points
- Hexagon AB (HXGBF) achieved its highest organic growth in the last five years, with a 12% increase across all business areas.
- The company demonstrated strong operational leverage, improving EBIT AC to 24% in the quarter.
- Cash conversion was impressive at 149%, indicating strong cash flow management.
- Hexagon AB (HXGBF) completed the separation of Octave, simplifying its business focus on precision measurement and positioning technologies.
- The company was recognized by Time as one of the world's most sustainable companies, highlighting its commitment to sustainability.
- Currency headwinds negatively impacted the gross margin, despite strong hardware sales.
- The automotive market, particularly in China, remained weak, affecting overall performance.
- Agriculture in the Americas and construction in both China and Europe faced challenging market conditions.
- The recurring revenue numbers were down due to strong hardware sales, which could impact future revenue stability.
- The robotics business incurred costs of EUR 10 million, with expectations of further cost increases before commercialization benefits are realized.
Good morning, everyone, and thank you for joining us here at the second quarter result review.
I'm, as said, Anders Svensson, President and CEO of Hexagon. And I'm also pleased to have Enrique Patrickson, our new CFO, with me here today on the call.
Some of you might have met Enrique already at the Capital Markets Day or on our roadshows, but this is his first quarterly conference call with us. So welcome, Enrique.
Thank you.
So I will move to the next slide to show the standard cautionary statements.
And then after that, we move to the next slide to go through the agenda.
So I will begin with the Hexagon's performance in the second quarter. Enrique will then present the business review and financials in more detail.
And I will at the end conclude the presentation and then open up for Q&A.
So next slide.
Let me then begin with an overview of our performance in the second quarter and I will move into the highlight slide of the quarter.
The second
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