NACKA STRAND, Sweden, May 5, 2004 (PRIMEZONE) -- Hexagon:
First Quarter 2004
. Order intake increased by 2 per cent to 1 950 MSEK (1 907). Using fixed exchange rates and a comparable structure, the increase was 10 per cent.
. Net sales decreased by -5 per cent to 1 760 MSEK (1 847). Using fixed exchange rates and a comparable structure, the organic growth was 3 per cent.
. Earnings before taxes increased by 23 per cent to 86 MSEK (70). Currency movements have influenced the result adversely by -7 MSEK.
. Earnings after taxes increased by 27 per cent to 57 MSEK (45). Currency movements have influenced the result adversely by -5 MSEK.
. Earnings per share after taxes increased by 27 per cent to 3.08 SEK (2.43). Currency movements have influenced the result adversely by 0.27 SEK.
. The acquisition of Thona Group approved by competition authorities - consolidated as of April 30th 2004.
For further information, please contact: Ola Rollen, President & C.E.O., Hexagon AB, Phone +46 8-601 26 20 Hakan Halen, C.F.O., Hexagon AB, Phone +46 8-601 26 20
Hexagon is a multinational engineering technology group with the ambition to become number 1 or number 2 in its strategic businesses. 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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