So on a consolidated basis, NOK 1,180 million and minus NOK 21 million EBITDA.
So still we are in red territory when it comes to profitability and NOK 112 million negative EBITDA, but in line with our plans. We continue to build-out the organization, increase capacity. We remain very confident in the mission and opportunities of this company. Hexagon Purus, very strong top line, NOK 210 million, delivering on their plan. That delivered an EBITDA of NOK 90 million compared with NOK 71 million in the previous year. The Hexagon excluding Purus part of the business, top line of NOK 1,034 million, new record quarter, comparing with NOK 726 million in the same period last year. Hexagon is all about driving energy transformation, and our Hexagon Agility business in the first half of 2022 enabled the avoidance of 600,000 tonnes of CO2 equivalents, and that is something we continue to be very proud of. On a pro forma basis, adjusted for Wystrach, 34% top line growth. And Hexagon Purus on their side tracking their business plan, 123% growth year-over-year. We also saw a record high demand for our distribution modules and that has significant impact on how we will think about our strategy and priorities going forward. It's our smallest business area, but it's growing strongly and very exciting opportunities for that business area. We are particularly pleased to see very strong growth in Hexagon Digital Wave, doubling revenue year-over-year. On a pro forma basis, the growth was 39%. 50% year-over-year growth if we adjust for the acquisition of Wystrach in the fourth quarter of '21. Q2 2022 was a quarter of very strong growth for the Hexagon Group. If there is any difficulty, feel free to send your questions to and we'll also take them from there.īut without any further ado, I'd like to welcome Jon Erik to the floor. Feel free to send in questions during the presentation and we will take them at the end. So on your screens, you should be able to see a link or a button to press that will give you access to a question box. And then after that, we will be opening up for questions. Joining me in the room today is Jon Engeset, our CEO, and our CFO, David Bandele, and they will be presenting the highlights for Q2, and then David will give you the financials and outlook. My name is Karen Romer, and I am the SVP of Communications for Hexagon Composites. Hi, and welcome to Hexagon Composites Second Quarter 2022 Results Presentation. Hexagon Composites ASA ( OTCPK:HXGCF) Q2 2022 Earnings Conference Call Aug2:30 AM ETįabian Jorgensen - Carnegie Investment Bank
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