HEX Hexagon Composites ASA

Mandatory notification of trade

Mandatory notification of trade

On 18 February 2021, Flakk Gruppen AS purchased 100,000 shares in Hexagon Composites ASA at a price of NOK 58.9124 per share. Flakk Gruppen AS is a company controlled by Knut Flakk, Chairman of Hexagon Composites ASA.

After the transaction Flakk Gruppen AS holds 3,853,721 shares. The total holding of Knut Flakk and his close associates, is 29,484,969 shares in Hexagon Composites ASA.

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.

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





 

 

 



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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