HEX Hexagon Composites ASA

Mandatory Notification of Trade by Primary Insider

Mandatory Notification of Trade by Primary Insider

On 18 February 2021, Flakk Gruppen AS purchased 250,000 shares in Hexagon Purus AS (“Hexagon Purus” or “the Company”) at an average price of NOK 53.8497 per share. Flakk Gruppen AS is a company controlled by Knut Flakk, Chairman of the Board of Directors of Hexagon Composites ASA.

Following the transaction, Flakk Gruppen AS holds 818,274 shares in Hexagon Purus AS, and the total shareholding in Hexagon Purus of Knut Flakk and his close associates is 4,698,587 shares.

For further information, please contact:

Salman Alam, Vice President Corporate Development, Hexagon Purus

Telephone: +47 476 12 713 |

Karen Romer, SVP Communications, Hexagon Composites

Telephone: +47 950 74 950 |

About Hexagon Purus

Hexagon Purus, a Hexagon Composites company, is a world leading provider of hydrogen type 4 high-pressure cylinders, battery packs and vehicle systems integration for fuel cell electric and battery electric vehicles. Hexagon Purus enables zero emission solutions for light, medium and heavy-duty vehicles, buses, ground storage, distribution, maritime, rail, aerospace and backup power solutions.

For more information, please visit hexagonpurus.com.

 

 

 

 



EN
19/02/2021

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Reports on Hexagon Composites ASA

ABGSC Renewable Energy Research ... (+3)
  • ABGSC Renewable Energy Research
  • Åsne Holsen
  • Daniel Vårdal Haugland
ABGSC Energy Research ... (+6)
  • ABGSC Energy Research
  • Daniel Vårdal Haugland
  • John Olaisen
  • Njål Kleiven
  • Oliver Dunvold
  • Stian Wibstad
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.

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