October 12, 2022
Preliminary figures for the third quarter show an increased EBITA of 200 percent compared to the same period last year
Hexatronic’s sales and earnings during the third quarter of 2022 are expected to increase sharply due to continued strong growth, primarily in the US, the UK, and Germany.
Preliminary net sales for the quarter amounted to approximately 1,729 MSEK (905), which corresponds to 91 percent growth compared to the same period last year, of which about 50 percent is organic. EBITA for the third quarter is expected to amount to 316 MSEK (106), which corresponds to 200 percent growth compared to the same period last year and an EBITA margin of 18.3 percent (11.7).
“We have continued to see very strong demand in basically all our markets during the quarter. The investments in increased production capacity and in the strengthening of the organization over the last years, together with increased demand has been the leading contributor to the strong preliminary result for the third quarter “, says Henrik Larsson Lyon, CEO Hexatronic Group AB.
The report for the third quarter of 2022 will be published as planned on October 28 at 07.00 CEST.
Gothenburg, October 12, 2022
Henrik Larsson Lyon
CEO Hexatronic Group
For more information, please contact:
Henrik Larsson Lyon, CEO Hexatronic Group, +46 706 50 34 00
Pernilla Lindén, CFO Hexatronic Group, +46 708 77 58 32
This is information that Hexatronic Group AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 15:30 CEST on October 12, 2022.
This is a translation of the Swedish version of the press release. When in doubt, the Swedish wording prevails.
Hexatronic creates sustainable networks all over the world. We partner with customers on four continents – from telecom operators to network owners – and offer leading, high-quality fiber technology for every conceivable application. Hexatronic Group (publ.) was founded in Sweden in 1993 and the Group is listed on Nasdaq OMX Stockholm. Our global brands include Viper, Stingray, Raptor, InOne, and Wistom®.