“High input costs continue to weigh on the profit margins, however, the pricing and profitability initiatives we established in 2022 are expected to result in gradual margin improvements in 2023.”įor 2022, Hexagon (excluding Hexagon Purus) generated NOK 4 303 (3 278) million in revenues, representing 31 % growth.
“Fourth quarter was a strong finish to a challenging year with all time high revenues in all business areas, resulting in 26% year-over-year growth,” says Jon Erik Engeset, CEO of Hexagon Group. Hexagon Group, including Hexagon Purus, generated NOK 1 493 (1 187) million in revenues and recorded an operating profit before depreciation (EBITDA) of NOK -11 (51) million. Hexagon Purus remains fully consolidated in the Hexagon Group accounts, with Hexagon Composites currently retaining 73% ownership. Revenue growth was particularly strong in the hydrogen distribution segment. In the fourth quarter 2022, Hexagon Purus generated NOK 372 (259) million in revenues and recorded an EBITDA of NOK -110 (-61) million. 16 February 2023: Hexagon (excluding Hexagon Purus) delivered topline growth in all business areas with revenues totaling NOK 1 276 (1 013) million and operating profit before depreciation (EBITDA) totaling NOK 105 (113) million in fourth quarter 2022.
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