Reference is made to Hexagon Composites Annual and Sustainability Report 2024
published on 28 March 2025.
In the Financial Statements for the Group - note 20 on page 181 and for the
Parent Company - note 16 on page 225, the financial covenant for leverage is
stated as net interest-bearing debt/EBITDA of maximum 3.5x, where the level of
3.5x is not correct.
The correct text should read: As of 31 December 2024, financial covenants
related to equity ratio of minimum 30% and leverage (net interest-bearing debt /
EBITDA) were in compliance with comfortable headroom.
For more information:
David Bandele, CFO, Hexagon Composites
Telephone +47 920 91 483 I david.bandele@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.