HEX Hexagon Composites ASA

Hexagon Composites ASA: Invitation to presentation of Hexagon and its Spin Off plans for Hexagon Purus

Hexagon Composites ASA: Invitation to presentation of Hexagon and its Spin Off plans for Hexagon Purus

Reference is made to the stock exchange announcement on 24 August 2020, regarding the intended Spin Off and listing of Hexagon Purus.

Jon Erik Engeset, CEO and Morten Holum, President Hexagon Purus will present Hexagon and the intended Spin Off today, 25 August 2020 in a webcast at 10:00 CEST.

You can follow the presentation or via

A recording of the presentation will be made available on after the presentation.



Contacts:

Karen Romer, SVP Communications, Hexagon Composites

Telephone: |



David Bandele, CFO, Hexagon Composites

Telephone: |



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, industrial and consumer applications, including light-, medium- and heavy-duty vehicles, ground storage, distribution, marine, rail and backup power solutions.







EN
25/08/2020

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Hexagon Composites ASA

ABGSC Renewable Energy Research ... (+3)
  • ABGSC Renewable Energy Research
  • Åsne Holsen
  • Daniel Vårdal Haugland
ABGSC Renewable Energy Research ... (+3)
  • ABGSC Renewable Energy Research
  • Åsne Holsen
  • Daniel Vårdal Haugland
Helene Kvilhaug Brøndbo
  • Helene Kvilhaug Brøndbo

Hexagon Composites (Buy, TP: NOK38.00) - Cautious on near-term outlook

We are significantly below consensus on Q1e EBITDA, owing to the challenging US truck market, with the uncertainty in demand, costs, and regulations resulting in lower demand for new trucks and technology shifts taking longer. With most of its business in the US, we consider Hexagon Composites vulnerable. As a result, we have lowered our 2025–2026e EBITDA by 9–15%. We reiterate our BUY, but have cut our target price to NOK38 (50) on the weaker near-term outlook.

ABGSC Renewable Energy Research ... (+7)
  • ABGSC Renewable Energy Research
  • Adrian Gilani
  • Åsne Holsen
  • Daniel Vårdal Haugland
  • Haakon Amundsen
  • John Olaisen
  • Stian Wibstad

Renewable Weekly – 20 February 2025

This week, we summarise this week's most important newsflow on the companies under our coverage.

ABGSC Energy Research ... (+7)
  • ABGSC Energy Research
  • Daniel Vårdal Haugland
  • Haakon Amundsen
  • John Olaisen
  • Njål Kleiven
  • Oliver Dunvold
  • Stian Wibstad

ResearchPool Subscriptions

Get the most out of your insights

Get in touch