Joining the dots

While 2026e financial targets were reiterated during yesterday's CMD, the event was an opportunity for Hexagon to announce the roll-out of more transparent financial reporting starting from Q1 2024e, a shift in management incentive plans as well as some improvement in governance. We also understand

Bryan, Garnier & Co Technology Daily | LECS, IDR, SOP, HEXA, VANTI, DT...

Off to a good start to the year

Hexagon has reported solid figures this morning, beating consensus estimates by 1.5% on net revenue. Despite the 8% organic growth delivered in Q1 2023, we still expect the growth rate to decelerate throughout the year and remain fundamentally sceptical about the M&A strategy, which we consider

Hexagon AB (Hold, TP: SEK150.00) - High-level but so are expectations

Hexagon’s Q3 results signalled strong execution, although expectations have come up. Having made only minor changes to our forecasts, we reiterate our HOLD and SEK150 target price, as we believe the risk/reward appears balanced now that Hexagon has started to bridge the valuation gap to industrial software peers.