First quarter 2024

• 3 per cent organic revenue growth (using fixed exchange rates and a comparable group structure)
• Net sales increased by 1 per cent to 1,299.9 MEUR (1,286.6)
• Net sales including the reduction of acquired deferred revenue amounted to 1,299.9 MEUR (1,285.1)
• Adjusted gross margin of 66.5 per cent (66.5)
• Adjusted operating earnings (EBIT1) increased by 1 per cent to 376.5 MEUR (371.2)
• Adjusted operating margin amounted to 29.0 per cent (28.9)
• Earnings per share, excluding adjustments, amounted to 10.1 Euro cent (10.4)
• Earnings per share, including adjustments, amounted to 8.9 Euro cent (9.1)
• Operating cash flow before non-recurring items increased to 219.4 MEUR (141.5)
• Cash conversion amounted to 88 per cent (66)
• Recurring revenue increased by 6 per cent to 520.3 MEUR (491.5)

For further information, please contact:
Tom Hull, Head of Investor Relations, +44 (0) 7442 678 437,  Email Contact
Anton Heikenström, Investor Relations and Business Analyst, +46 8 601 26 26,  Email Contact

This is information that Hexagon AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 08:00 CET on 26 April 2024.

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SOURCE Hexagon