Hexagon AB ( (HXGBY) ) has released its Q1 earnings. Here is a breakdown of the information Hexagon AB presented to its investors.
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Hexagon AB is a global leader in digital reality solutions, combining sensor, software, and autonomous technologies to drive efficiency across various industries, including manufacturing, geospatial, and safety. In its latest earnings report for Q1 2025, Hexagon AB experienced a mixed quarter with a 2% increase in net sales to 1,322.8 MEUR, but faced challenges with 0% organic revenue growth due to geopolitical uncertainties impacting customer orders. The company’s adjusted operating earnings decreased by 8% to 344.7 MEUR, and the operating margin fell to 26.1% from 29.0% in the previous year. Despite these challenges, Hexagon reported a 10% increase in recurring revenue, highlighting strong growth in software and services. The company continued its strategic expansion with acquisitions, including CAD Service and Septentrio, and launched a new Robotics division aimed at advancing humanoid robotics. Looking ahead, Hexagon remains cautiously optimistic, focusing on stabilizing demand and investing in future growth opportunities, although the overall market outlook remains uncertain.