NACKA STRAND, Sweden, Oct. 30, 2003 (PRIMEZONE) -- Hexagon
Third Quarter 2003
- Net sales increased to 1 605 MSEK (1 589). Using fixed exchange rates, this corresponds to an organic growth of 6 per cent.
- Earnings after taxes were 29 MSEK (21).
- Earnings per share increased by 38 per cent to 1.57 SEK (1.14).
- Cash flow per share increased by 61 per cent to 8.33 SEK (5.19).
The first Nine Months 2003
- Net sales increased during the period by 4 per cent to 5 277 MSEK (5 066). Using fixed exchange rates, net sales increased by 9 per cent.
- Earnings after taxes were 133 MSEK (111), which corresponds to 7.19 SEK per share (6.51).
- Earnings before taxes, excluding capital gains and non- recurring items, increased by 13 per cent to 207 MSEK (184). The change in exchange rates has affected the earnings adversely by 32 MSEK.
Third quarter Nine months
2003 2002 Change 2003 2002 Change
Recorded Curr. Adj. Recorded Curr.
Order intake 1 630 1 675 -3 % 2 % 5 296 5 074 4 % 9 %
Net sales 1 605 1 589 1 % 6 % 5 277 5 066 4 % 9 %
EBITA 87 88 -1 % 10 % 328 341 -4 % 8 %
Margin % 5.4 5.5 -0.1 0.2 6.2 6.7 -0.5 -0.1
EBIT 1 68 66 3 % 17 % 270 275 -2 % 11 %
Earnings after
net financial 50 37 35 % 57 % 207 184 13 % 30 %
items, excl.
non-recurring
items
Earnings before 50 45 11 % 29 % 207 194 7 % 23 %
tax
Net earnings 29 21 38 % 64 % 133 111 20 % 40 %
Earnings per 1.57 1.14 38 % 64 % 7.19 6.51 10 % 29 %
share
Cash flow per 8.33 5.19 61% 14.49 10.15 43 %
share
The Interim Report will be presented in a telephone conference, see instructions on www.hexagon.se
For further information, please call: Ola Rollen, CEO, Hexagon AB, Phone +46 8-601 26 20 Hakan Halen, CFO, Hexagon AB, Phone +46 8-601 26 20
Subscription to Hexagon's financial information is available at www.hexagon.se.
Hexagon AB (publ), Registration No: Phone +46 8-601 26 20 556190-4771 Fax +46 8-601 26 21 Box 1112 www.hexagon.se S-131 26 Nacka Strand postmaster@hexagon.se
Hexagon is a multinational engineering group with the long-term ambition of positioning itself as number one or number two within its strategic sectors. The group's targets are to increase earnings per share after tax by at least 15 per cent p.a., and achieve a return on capital employed of more than 15 per cent over a business cycle.
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