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Hexagon Composites ASA (HEX.OL)

Oslo - Oslo Delayed Price. Currency in NOK
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36.14-3.26 (-8.27%)
At close: 4:25PM CEST
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Neutralpattern detected
Previous Close39.40
Open39.00
Bid37.70 x 175400
Ask36.46 x 301800
Day's Range35.10 - 40.28
52 Week Range23.46 - 74.50
Volume926,739
Avg. Volume583,390
Market Cap7.233B
Beta (5Y Monthly)1.10
PE Ratio (TTM)N/A
EPS (TTM)-0.74
Earnings DateMay 12, 2021
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateApr 20, 2018
1y Target Est33.33
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
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    • Hexagon Composites ASA: Results for the first quarter 2021
      GlobeNewswire

      Hexagon Composites ASA: Results for the first quarter 2021

      In the first quarter of 2021, Hexagon (excl. Purus) generated NOK 690 (802) million in revenues and recorded an operating profit before depreciation (EBITDA) of NOK 87 (82) million. The US Truck and European Transit bus business had a strong start to the year while it was a light quarter in Mobile Pipeline. Headwinds from the global semi-conductor shortage impacted the Light-Duty sector negatively. Hexagon Ragasco had a strong start with sales volumes primarily to European markets, while Hexagon Digital Wave started the year with modest sales volumes. However, development of a pipeline for digital products/services, strengthened the positioning of the Hexagon Digital Wave business.Key developments in the quarter Hexagon Purus selected for hydrogen fuel cell project for construction equipmentHexagon Agility received orders from major global logistics customer with an estimated total value of USD 19 million (approx. NOK 165 million).Hexagon Agility received orders from UPS for CNG trucks with a value of USD 8 million (approx. NOK 68 million)Hexagon Purus signed Joint Venture agreements with CIMC Enric for China and South East AsiaHexagon Agility and Hexagon Purus signed long-term agreement with Certarus for CNG, RNG and hydrogen solutions for a total value of up to USD 85 million (approx. NOK 718 million)Hexagon Purus’ received hydrogen cylinder orders for leading gas distributors in new markets in EuropeHexagon and Mitsui expanded and extended their strategic allianceHexagon Digital Wave selected by the Antarctic Fire Department for continued service life testing of SCBA cylinders Key developments after balance sheet date Hexagon Purus selected by Nikola Corporation to supply hydrogen cylinders for serial production with an estimated sales value in excess of EUR 200 millionHexagon Agility received additional orders from major global logistics customer for RNG/CNG trucks with a combined value of USD 25 million (approx. NOK 199 million)Hexagon Ragasco received first order in 2021 from key customer in South-AsiaHexagon Purus to deliver high performance cylinders to Wystrach for industrial and mobility applications Presentation of the results Jon Erik Engeset (CEO) and David Bandele (CFO) will present the results at 08:30 CEST and the presentation will be broadcasted live. The presentation will be held in English. Link to webcast: https://hexagongroup.kg5.no/ A recording of the presentation will be made available on www.hexagongroup.com. Contacts:Karen Romer, SVP Communications, Hexagon Composites Telephone: +47 950 74 950 | karen.romer@hexagongroup.com Hiva Ghiri, VP Investor Relations, Hexagon CompositesTelephone: +47 958 66 790 | hiva.ghiri@hexagongroup.com About Hexagon Composites ASAHexagon delivers safe and innovative solutions for a cleaner energy future. Our solutions enable storage, transportation and conversion to clean energy in a wide range of mobility, industrial and consumer applications. Learn more at www.hexagongroup.com and follow @HexagonASA on Twitter and LinkedIn. This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act. Attachments HEX Q1 2021 Presentation HEX Q1 2021 Report

    • Hexagon Purus ASA: Results for the first quarter 2021
      GlobeNewswire

      Hexagon Purus ASA: Results for the first quarter 2021

      In the first quarter of 2021, Hexagon Purus Group generated NOK 57 (48) million in revenue and recorded operating profit before depreciation (EBITDA) of NOK -62 (-43) million. Revenue growth was driven by increased activity in hydrogen distribution applications as well as aerospace with slightly lower revenue contribution from heavy duty vehicle applications due to the completion of a battery electric (BEV) truck demonstration program in Q1 2020. Continued investments in personnel and infrastructure to support and accelerate Hexagon Purus’ future growth drive negative profitability. Key developments Signed joint venture agreements with CIMC Enric in March 2021 to enter China which is expected to be the world’s largest zero emission hydrogen vehicle and distribution marketSigned a multi-year agreement (as part of a broader agreement together with Hexagon Agility encompassing CNG solutions) to supply hydrogen distribution modules to Certarus. Under the agreement, Hexagon Purus received an initial order for SMARTSTORE® hydrogen distribution modules with an estimated value of USD 3.2 millionHexagon Purus received multiple orders for several leading European gas distributors for X-STORE 300 bar cylinders and for its new X-STORE 381 bar version with a total estimated value of EUR 1.9 million. These cylinders will be used for transportation of hydrogen for industrial and mobility purposesNew Flyer, North America’s largest mass mobility solutions provider, placed an order with Hexagon Purus for the supply of high-pressure hydrogen tanks for their zero-emission Xcelsior CHARGE H2™ hydrogen fuel cell electric transit buses. The contract value is approximately NOK 7.7 million and deliveries commenced in Q1 2021Selected by Talgo S.A., a leading manufacturer of intercity, standard and high-speed passenger trains, to deliver high pressure cylinders for its first prototype hydrogen train. The cylinders are expected to be delivered in the second half of 2021Selected to deliver a 700 bar hydrogen fuel storage system for a demonstration project to develop a fuel cell powered construction machineHexagon Purus signed a long-term agreement with Nikola Corporation, a global leader in zero-emissions transportation and infrastructure solutions to develop and supply its high-performance type 4 hydrogen cylinders. The scope of the agreement is over a multi-year period with an estimated sales value in excess of EUR 200 millionHexagon Purus signed a contract with Wystrach GmbH, a leading systems provider for high pressure solutions,to supply Type 4, 300 bar pressure vessels at a value of approximately EUR 2.5 million. The cylinders are destined for industrial and mobility applications in France and Germany. Presentation of the results: Morten Holum (CEO) and Dilip Warrier (CFO) will present the results at 08:30 CEST. Follow the presentation here: https://hexagonpurus.kg5.no/ A recording of the presentation will be published on www.hexagonpurus.com after the presentation. For more information: Salman Alam, Vice President, Corporate Development, Hexagon Purus Telephone: +47 476 12 713| salman.alam@hexagonpurus.com Dilip Warrier, CFO, Hexagon Purus Telephone: +1 949-236-5528 | dilip.warrier@hexagonpurus.com About Hexagon Purus ASA: Hexagon Purus, a Hexagon Composites company, enables zero emission mobility for a cleaner energy future. Hexagon Purus is a world leading provider of hydrogen type 4 high-pressure cylinders, complete vehicle systems and battery packs for fuel cell electric and battery electric vehicles (FCEV and BEV) including hybrid mobility applications on light, medium and heavy-duty vehicles, transit buses, ground storage, distribution, maritime, rail, and aerospace applications. For more information, please visit www.hexagonpurus.com and follow @HexagonPurus on LinkedIn and Twitter. Attachments HPUR Q1 2021 Presentation HPUR Q1 2021 Report

    • Flagging
      GlobeNewswire

      Flagging

      Reference is made to announcement from Hexagon Composites ASA ("Hexagon") on 31 August 2020 concerning the registration of an increase in the share capital of Hexagon. The dilution effect of the share capital increase caused Flakk Composites AS' unchanged shareholding of 20,000,000 shares of Hexagon to be diluted to approx. 9.92% of the total number of shares. The total holding of Knut Flakk and his close associates in August 2020 of 29,384,969 shares (subsequently increased to 29,484,969 shares as announced on 19 February 2021), was also unchanged, and represented approx. 14.57% of the total share capital of HEX following the share capital increase.