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Hexagon Capital Markets Day 2023

STOCKHOLM, Dec. 7, 2023 — (PRNewswire) —  

Hexagon AB is hosting its Capital Markets Day today at 12.30 GMT in London, UK. At the event, CEO Paolo Guglielmini, CFO David Mills, CSO Ben Maslen, CTO Burkhard Boeckem and Head of Sustainability Eva Carranza Alvarez will give an update on Hexagon's ambition, growth strategy and improvements to its financial and sustainability disclosure levels.

New divisional reporting and financial disclosures

From Q1 2024 Hexagon will commence to report the revenues and EBIT1 of its operating divisions on a quarterly basis. The divisions are:

During the day senior leadership from each of these divisions will present additional context on these business units, including growth strategies.

CFO David Mills will provide a comprehensive review of value creation, capital allocation and disclosure at Hexagon, including the additional quarterly reporting of:

Committed to meeting the 2022-2026 mid-term financial targets and reaffirming the 80-90% per annum cash conversion target rate

Hexagon has reaffirmed its 2022-2026 mid-term financial targets:

The Group's confidence in achieving these targets is based on both internal and external factors including structural demand trends for improvements in sustainability, productivity and solutions to labour market shortages, as well as proactive internal actions being taken to focus technology leadership, improve commercial execution and drive operational excellence.

Incentives

Executive incentives from 2024 will be suggested to be aligned with the 2026 financial targets, including the cash conversion target rate. The adjusted management incentives will be described in the remuneration guidelines to be approved by the AGM 2024.

New sustainability commitments

Head of Sustainability, Eva Carranza Alvarez, will talk to Hexagon's commitment to operating sustainably and consciously in its markets, and the role Hexagon plays as a driver of sustainability with its customers. Carranza Alvarez will highlight new commitments to:

Webcast details

The CMD will start at 12.30pm GMT. Registration for the webcast can be found here: https://events.hexagon.com/webcastCMD2023

For further information, please contact:

Tom Hull, Head of Investor Relations, Hexagon AB, +44 7442 678 437,  Email Contact
Anton Heikenström, Investor Relations Manager, Hexagon AB, +46 8 601 26 26,  Email Contact
Madlen Nicolaus, Chief Marketing Officer, Hexagon AB, +44 207 068 6575, media@hexagon.com

[1] Operating earnings excluding capital gains on shares in group companies and adjustments. Adjustments are excluded to facilitate the understanding of the Group´s operational development and to give comparable numbers between periods

The following files are available for download:

https://mb.cision.com/Main/387/3889689/2479333.pdf

Hexagon Capital Markets Day 2023

 

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