HEX Hexagon Composites ASA

Key information relating to dividend in kind to be paid by Hexagon Composites ASA

Key information relating to dividend in kind to be paid by Hexagon Composites ASA

29 June 2023: Reference is made to the announcement by the Company today regarding the resolution to distribute 69,199,264 shares in Hexagon Purus as a dividend in kind.

Dividend-in-Kind amount: 0.3432 Hexagon Purus ASA shares per Hexagon Composites ASA share

Announced currency: NOK

Last day including right: 5 July 2023

Ex-date: 6 July 2023

Record date: 7 July 2023

Payment date: 14 July 2023

Date of resolution: 29 June 2023

This information is published in accordance with the requirements of the Continuing Obligations.





EN
29/06/2023

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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

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