Hexagon Composites ASA

HEX

Equity

ISIN NO0003067902 / Valor 565936

Oslo Stock Exchange (2025-11-21)

NOK 6.43-4.03%

Hexagon Composites ASA
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About company

Hexagon Composites ASA is a global company headquartered in Norway with a strong global footprint, including 23 international locations in key clean energy markets. The company is organized into four business areas: Hexagon Agility, Hexagon Ragasco, Hexagon Digital Wave, and Hexagon Purus, each leading in their respective segments and driving the energy transition with a range of clean energy solutions.

Summarized from source with an LLMView SourceSector: Industrials

Revenue Growth

Revenues increased to NOK 1,533 million in Q4 2024, up from NOK 1,272 million in Q4 2023, reflecting a strong demand for the company's composite cylinder technology.

EBITDA Performance

Reported EBITDA surged to NOK 257 million in Q4 2024, a substantial rise from NOK 99 million in Q4 2023, achieving a 17% EBITDA margin compared to 8% in the previous year.

Full Year 2024 Results

For the full year 2024, Hexagon Composites achieved total revenues of NOK 4,877 million and an EBITDA of NOK 637 million, driven by record-high activity in the Mobile Pipeline and Fuel Systems businesses.

Outlook for 2025

The company anticipates a soft North American freight market in the first half of 2025 but expects a strong rebound in the second half with increased availability of X15N natural gas truck platforms. Long-term growth is supported by global emissions reduction targets and the economic competitiveness of natural gas.

Summarized from source with an LLMView Source

Key figures

-85.5%1Y

-76.0%3Y

-85.3%5Y

Performance

61.1%1Y

54.2%3Y

55.9%5Y

Volatility