14 August 2025: Hexagon Composites (OSE: HEX.OL), world leader in composite
cylinder technology and related systems for storage and transportation of clean
gaseous energy reported revenues of NOK 674 million for second quarter 2025
(Q2'24: 1 150 million). The reported EBITDA was NOK 12 million (Q2'24: NOK 137
million), resulting in a 2% EBITDA margin (Q2'24: 12%).
"After consecutive record years, our Mobile Pipeline segment has been
significantly impacted by broader market uncertainty and capital investment
delays, heavily affecting our revenue and EBITDA," said Philipp Schramm, CEO of
Hexagon Composites. "Positively, despite the trucking and freight industries
continuing their negative trend, our Fuel Systems segment delivered solid first
half results due to strong demand in the refuse sector."
Outlook
We continue to navigate these macro-economic challenges, while taking steps to
ensure we position ourselves for further growth. Our technology has been proven
across multiple applications and industries, and we are pleased to see that our
solutions are succeeding in driving energy transformation in new and emerging
markets as well.
When the market recovers, as the leader, Hexagon is in pole position to capture
long-term profitable and sustainable growth and continue to drive this industry
forward.
For further details, please see the attached first quarter 2025 report and
presentation.
Presentation of the results today at 08:30 am CET
Philipp Schramm, CEO and David Bandele, CFO will present the results at 08:30 am
CET today, broadcasted live via this
link:https://akercreativehub.eventcdn.net/events/hexagon-composites-webcast-q2
-2025
The presentation of the results will be a virtual event, followed by a Q&A
session. A recording of the presentation will be made available on
www.hexagongroup.com.
This information is considered to be inside information pursuant to the EU
Market Abuse Regulation. This stock exchange release was published by Berit
-Cathrin Høyvik, Senior Director Communications, Hexagon Composites ASA at the
time and date provided.
For more information:
David Bandele, CFO, Hexagon Composites
Telephone +47 920 91 483 I david.bandele@hexagongroup.com
Berit-Cathrin Høyvik, Senior Director, Communications, Hexagon Composites
Telephone: +47 988 92 161 | berit-cathrin.hoyvik@hexagongroup.com
About Hexagon Composites ASA
Hexagon 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 and industrial applications. Learn more
at www.hexagongroup.com and follow @HexagonASA on LinkedIn.