HEX Hexagon Composites ASA

MANDATORY NOTIFICATION OF TRADE

MANDATORY NOTIFICATION OF TRADE

David Bandele, CFO has sold 19,368 shares in Hexagon Composites ASA at a price of NOK 36.40 per share.

After the transaction David Bandele holds 88,317 shares in Hexagon Composites ASA.

This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.

For more information:

Hiva Ghiri, VP Investor Relations, Hexagon Composites

Telephone: |

About Hexagon Composites

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.

 

 

EN
13/02/2020

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HEXHexagon Composites ASA

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Reports on Hexagon Composites ASA

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Free Trial
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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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