Hexagon: Hexagon's financial plan updated at Capital Markets Day
NACKA STRAND, Sweden--(BUSINESS WIRE)--
Hexagon AB (STO:HEXAB), a leading global provider of design, measurement
and visualisation technologies, held a Capital Markets Day (CMD) in Las
Vegas, Nevada, and updated its commentary around the operational
progress for the company and the financial plan.
Hexagon launched its current financial plan in 2011 and it stretches
until 2015. The sales target of EUR 3.5bn and the EBIT margin target of
25 per cent are to be reached through a combination of organic growth
Since the launch of the plan Hexagon has reported solid organic growth
although slightly below the long-term target of eight per cent.
Contribution from acquisitions has so far been limited but activity has
recently picked up evidenced by the seven acquisitions already announced
The underlying EBIT margin improvement has been in line with internal
projections, but currency movements has had a negative impact of
approximately one percentage point on the reported EBIT margin.
As a consequence of the above the sales target of EUR 3.5bn and the EBIT
margin target of 25 per cent remain unchanged but are pushed forward one
year to 2016.
At the CMD, Hexagon put focus on its ability to grow twice the rate of
GDP and elaborated on growth opportunities in the coming years, such as:
Product releases within Metrology (SIMS 360°, HP-O and MMS) which will
leverage on advances in sensor and software capabilities
Geosystems' ambition of selling imagery content as a service (CaaS),
leveraging on recent M&A (Aibotix, AHAB, NWG, Geosoft, Tridicon) and
improvements in sensor capabilities
Intergraph PP&M's revolutionary SmartPlant Cloud and SmartPlant Fusion
as examples of how improved management of big data can meet
operational challenges for Owner Operators in a range of fields
Hexagon also underlined the importance of acquisitions in its
solution-centric strategy, and exemplified this by strategy walkthroughs
of the areas Hexagon Mining and Smart Agriculture.
Hexagon (NASDAQ OMX Stockholm: HEXA B) is a leading global provider
of design, measurement and visualisation technologies. Our customers can
design, measure and position objects, and process and present data, to
stay one step ahead of a changing world. Hexagon's solutions increase
productivity, enhance quality and allow for faster, better operational
decisions, saving time, money and resources. Hexagon has more than
14,000 employees in over 40 countries and net sales of about 2,400 MEUR.
Our products are used in a broad range of industries including
surveying, power and energy, aerospace and defence, construction, safety
and security, automotive and manufacturing. Learn more at www.hexagon.com.
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