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Hexagon AB (HEXAb.ST)

HEXAb.ST on Stockholm Stock Exchange

25 Oct 2016
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Latest Key Developments (Source: Significant Developments)

Hexagon CEO says acquisition prices currently at all-time high
Monday, 8 Aug 2016 08:30am EDT 

Hexagon CEO Ola Rollen in conference call with reporters: Says seeing acquisition prices at all-time high levels, has around 2 billion euros ($2.22 billion) to buy for without making share issue . Says on high acquisition prices: "That holds for pretty much all industries that I have insight in" Further company coverage: [HEXAb.ST] ($1 = 0.9022 euros) (Reporting by Johannes Hellstrom) ((johannes.hellstrom@thomsonreuters.com; +4687001008; Reuters Messaging: johannes.hellstrom.reuters.com@reuters.net)).  Full Article

Hexagon CEO says U.K. sales have stabilized in Q3 after Q2 hit by Brexit fears
Monday, 8 Aug 2016 08:11am EDT 

Hexagon CEO Ola Rollen in conference call with reporters: Says negative effect from Brexit worries on Q2 sales in the U.K. has subsided in July . Says saw a fairly sharp slowdown in the U.K. both ahead of and the week after Brexit vote, has stabilized since . Says saw underlying sales decline of 25 pct in the U.K. in Q2 . Says the U.K. makes up 4 pct of group sales, with main part in construction Further company coverage: [HEXAb.ST] (Stockholm Newsroom) ((stockholm.newsroom@thomsonreuters.com; +46 (0)8-700 10 10;)).  Full Article

Hexagon Q2 core earnings just lag forecasts
Monday, 8 Aug 2016 07:00am EDT 

Hexagon AB : Q2 using fixed exchange rates and a comparable group structure, net sales increased by 3 per cent . Q2 operating earnings (EBIT1) increased by 6 per cent to 187.1 MEUR (177.3) . Reuters poll: Hexagon Q2 organic sales growth was seen at 3 percent, EBIT 189 million euros ($209.41 million) . Shares drop 1.7 pct at 1110 GMT, was down 0.9 pct ahead of results . Says while growth accelerated in manufacturing and remained strong in construction, the oil and gas business experienced a weaker quarter due to tough comparison numbers and postponed opportunitites . Says we believe Q3 will produce similar results in this segment (pp&m) before turning to positive growth in Q4. . Says Western Europe recorded 8 pct organic growth with strong growth in Germany, France, Spain and the Nordic countries . Says the UK however, impacted by market uncertainties related to Brexit, recorded double digit negative growth . Says in the Americas, North America recorded positive organic growth .Says organic growth in China was 6 pct.  Full Article

Hexagon acquires NESTIX Oy
Monday, 13 Jun 2016 09:22am EDT 

Hexagon: Hexagon says acquisition has no significant impact on hexagon's earnings .Hexagon Acquires Nestix Oy, A Leading Provider Of Data-Centric software solutions for managing and optimising steel fabrication.  Full Article

Hexagon acquires Finnish software company Nestix
Monday, 13 Jun 2016 09:00am EDT 

Hexagon Ab says: Acquires Nestix Oy, provider of data-centric software solutions for managing and optimising steel fabrication. . Nestix has over 500 customers in 40 countries. .Nestix will be fully consolidated as of Monday. The acquisition has no significant impact on Hexagon's earnings..  Full Article

Hexagon CEO says organic sales growth somewhat stronger in Q2 vs Q1
Tuesday, 10 May 2016 07:00am EDT 

Hexagon AB CEO Ola Rollen at a conference call: Says organic sales growth in Q2 so far somewhat stronger than in Q1 . Says still sees 4-8 pct organic growth this year, but 8 pct looks far off . Says looks to buy small and medium-sized companies . Says acquisition capacity just below 2 billion euros . Says price tags for acquisition targets are high, prices likely to come down ahead . Says worst is over for process, power and marine segment (PP&M), sees sales growth in second half of 2016 and in 2017 Further company coverage: [HEXAb.ST] (Reporting by Oskar von Bahr) ((Oskar.vonBahr@thomsonreuters.com;)).  Full Article

Hexagon buys AICON 3D Systems in Germany
Thursday, 31 Mar 2016 02:00am EDT 

Hexagon AB:Says acquires AICON 3D Systems, a provider of optical 3D metrology, based in Braunschweig, Germany.AICON will be fully consolidated as of April.The company's turnover for 2015 amounted to about 19 million euros.AICON has a direct presence in Germany, subsidiaries in China, Korea, Japan, and the US and a network of resellers worldwide.  Full Article

Hexagon says acquires Canadian FTI
Wednesday, 23 Mar 2016 09:00am EDT 

Hexagon AB:Acquires FTI, a leading provider of manufacturing software solutions.Says FTI will be fully consolidated as of March 23.Acquisition has no significant impact on Hexagon's earnings.Says based in Burlington, Ontario (Canada), FTI serves original equipment manufacturers (OEMs) and suppliers in the automotive, aerospace, electronics, and appliance industries with sheet metal design, simulation, feasibility, and costing solutions.  Full Article

Hexagon buys radar technology firm
Monday, 21 Mar 2016 03:56am EDT 

Hexagon AB:Says strengthens its sensor portfolio with radar technology.Says has entered into agreement to acquire GeoRadar division of Italian-based company Ingegneria dei Sistemi S.p.A (IDS).IDS GeoRadar turnover for 2015 amounted to about 18 million euros.  Full Article

Hexagon buys 3D mapping firm SigmaSpace
Thursday, 18 Feb 2016 07:00am EST 

Hexagon AB:Says acquires SigmaSpace corporation, a 3D mapping company.Says SigmaSpace is now positively contributing to Hexagon's earnings.SigmaSpace's turnover for 2015 amounted to approximately 25 MUSD.  Full Article


Swedish investor Schorling to quit board roles due to health issues

STOCKHOLM Melker Schorling, one of Sweden's most prominent investors, said on Monday he would leave his board roles next year, including the position of chairman at measurement technology firm Hexagon , due to health issues.