15:02:47 Europe / Stockholm

Kurs & Likviditet

Kursutveckling och likviditet under dagen för detta pressmeddelande

Kalender

2025-02-06 Bokslutskommuniké 2024
2024-10-25 Kvartalsrapport 2024-Q3
2024-07-16 Kvartalsrapport 2024-Q2
2024-05-08 Ordinarie utdelning HTRO 0.00 SEK
2024-05-07 Årsstämma 2024
2024-04-26 Kvartalsrapport 2024-Q1
2024-02-09 Bokslutskommuniké 2023
2023-10-27 Kvartalsrapport 2023-Q3
2023-08-15 Kvartalsrapport 2023-Q2
2023-05-10 Ordinarie utdelning HTRO 0.10 SEK
2023-05-09 Årsstämma 2023
2023-04-27 Kvartalsrapport 2023-Q1
2023-02-09 Bokslutskommuniké 2022
2022-10-28 Kvartalsrapport 2022-Q3
2022-08-11 Kvartalsrapport 2022-Q2
2022-06-02 Split HTRO 1:5
2022-05-06 Ordinarie utdelning HTRO 0.50 SEK
2022-05-05 Årsstämma 2022
2022-04-29 Kvartalsrapport 2022-Q1
2022-02-24 Bokslutskommuniké 2021
2021-11-02 Kvartalsrapport 2021-Q3
2021-08-12 Kvartalsrapport 2021-Q2
2021-05-07 Ordinarie utdelning HTRO 0.50 SEK
2021-05-06 Årsstämma 2021
2021-04-29 Kvartalsrapport 2021-Q1
2021-02-24 Bokslutskommuniké 2020
2020-11-05 Kvartalsrapport 2020-Q3
2020-08-14 Kvartalsrapport 2020-Q2
2020-05-08 Ordinarie utdelning HTRO 0.00 SEK
2020-05-07 Årsstämma 2020
2020-04-29 Kvartalsrapport 2020-Q1
2020-02-21 Bokslutskommuniké 2019
2019-11-06 Kvartalsrapport 2019-Q3
2019-08-16 Kvartalsrapport 2019-Q2
2019-05-10 Ordinarie utdelning HTRO 0.40 SEK
2019-05-09 Årsstämma 2019
2019-05-03 Kvartalsrapport 2019-Q1
2019-02-22 Bokslutskommuniké 2018
2018-11-07 Kvartalsrapport 2018-Q3
2018-08-16 Kvartalsrapport 2018-Q2
2018-05-04 Kvartalsrapport 2018-Q1
2018-04-20 Ordinarie utdelning HTRO 0.40 SEK
2018-04-19 Årsstämma 2018
2018-02-22 Bokslutskommuniké 2017
2017-11-15 Kvartalsrapport 2017-Q3
2017-08-24 Kvartalsrapport 2017-Q2
2017-05-04 Kvartalsrapport 2017-Q1
2016-12-16 Ordinarie utdelning HTRO 0.30 SEK
2016-12-15 Årsstämma 2017
2016-10-20 Bokslutskommuniké 2016
2016-07-05 Kvartalsrapport 2016-Q3
2016-04-11 Kvartalsrapport 2016-Q2
2016-01-19 Kvartalsrapport 2016-Q1
2015-12-16 Ordinarie utdelning HTRO 0.00 SEK
2015-11-16 Årsstämma 2016
2015-10-22 Bokslutskommuniké 2015
2015-07-03 Kvartalsrapport 2015-Q3
2015-04-10 Kvartalsrapport 2015-Q2
2015-01-16 Kvartalsrapport 2015-Q1
2014-12-19 Ordinarie utdelning HTRO 0.00 SEK
2014-12-18 Årsstämma 2015
2014-10-27 Bokslutskommuniké 2014
2014-08-29 Extra Bolagsstämma 2014
2014-07-04 Kvartalsrapport 2014-Q3
2014-04-25 Kvartalsrapport 2014-Q2
2014-01-28 Kvartalsrapport 2014-Q1
2013-12-20 Ordinarie utdelning HTRO 0.00 SEK
2013-12-18 Årsstämma 2014
2013-11-18 Extra Bolagsstämma 2013
2013-10-10 Bokslutskommuniké 2013
2013-07-01 Kvartalsrapport 2013-Q3
2013-04-19 Kvartalsrapport 2013-Q2
2013-01-29 Kvartalsrapport 2013-Q1
2012-12-19 Årsstämma 2013
2012-12-17 Ordinarie utdelning HTRO 0.00 SEK
2012-10-19 Bokslutskommuniké 2012
2012-07-03 Kvartalsrapport 2012-Q3
2012-04-20 Kvartalsrapport 2012-Q2
2012-01-26 Kvartalsrapport 2012-Q1
2012-01-05 Kvartalsrapport 2011-Q1
2011-12-19 Ordinarie utdelning HTRO 0.00 SEK
2011-12-16 Årsstämma 2011
2011-10-14 Bokslutskommuniké 2010
2011-07-08 Kvartalsrapport 2010-Q3
2010-12-20 Ordinarie utdelning HTRO 0.00 SEK
2010-01-29 Bokslutskommuniké 2009
2009-12-21 Ordinarie utdelning HTRO 0.00 SEK

Beskrivning

LandSverige
ListaMid Cap Stockholm
SektorInformationsteknik
IndustriInfrastruktur
Hexatronic Group är verksamt inom telekombranschen. Bolaget är specialiserat inom utveckling av fiberkommunikation. Bolaget utvecklar, marknadsför och levererar lösningar till en bred bas av företagskunder, främst verksamma inom Norden och Europa. Kunderna består exempelvis av produktägare, nätägare, återförsäljare samt systemintegratörer. En viss del av produktutvecklingen sker även i samarbete med andra leverantörer på global nivå. Huvudkontoret ligger i Göteborg.
2023-04-27 07:00:00

Hexatronic Group AB (publ)
Interim report January – March 2023

Events during the quarter

  • Hexatronic invests 30 MUSD in a new duct and pipe production facility in the Western USA.

  • Hexatronic completed, on March 3, 2023, the previously announced acquisition of Rochester Cable in the U.S., from TE Connectivity.

  • Hexatronic adjusted the profitability target to an EBITA-margin of 15% to 17% over a business cycle. The previously set profitability target was at least 12% EBITA-margin over a business cycle.

  • The Board of Directors will propose a dividend of 0.10 SEK (0.10) per share for the financial year 2022 to the Annual General meeting.

Events since the end of the quarter

  • Hexatronic has signed a one-year, with extension possibilities, Strategic Partner agreement with a newly established, fully funded, network operator in the USA, to a value of approximately 20 MUSD.

Comments from the CEO
A record-breaking quarter!

The first quarter of the year was a record-breaking quarter in terms of both sales and profitability. In particular, sales in North America and Europe, excluding Sweden, developed very strongly. Total sales increased by 52%, of which 24% was organic growth, compared with the corresponding period last year. Profitability (EBITA) increased 98% to a margin of 17.2%.

Sales in our largest market, North America, continued to develop very strongly, growing by 73%. The sales increase is explained by both duct and our FTTH systems. The one-year agreement of 20 MUSD, with the possibility of extension, signed with a new US Fiber To The Home (FTTH) network operator after the end of the quarter, is an example of the good development we see in North America. To meet the increased demand for duct, our new factory in Clinton, South Carolina, was inaugurated during the quarter, and the production rate is increasing continuously. Full production in the factory will be reached during the latter part of the third quarter. To further respond to the increased demand for ducts we are seeing in the North American market, it was decided in the quarter to invest 30 MUSD in a duct and conduit factory in Utah. With three geographically dispersed factories, we will establish ourselves as a national player who can efficiently deliver to customers throughout the US.

Sales in Europe, excluding Sweden, also continued to develop strongly, mainly thanks to the UK and Germany. Sales in the region increased by 55% compared to corresponding period last year.

Sales in Sweden remained strong and increased by 15% compared to corresponding period last year.

Sales in APAC (Asia Pacific) grew by 20%, mainly due to the acquisition of KNET, which was consolidated from 1 December 2022.

During the quarter, we completed the acquisition of Rochester Cable in the US, which strengthens our offering in the business area Harsh environment (fiber optic solutions for harsh environments). Rochester Cable was consolidated from 1 March 2023.

Order intake has continued to develop well. At the end of the quarter, we have an order book that is organically 21% higher than at the same time last year. In 2021 and 2022, the order book grew partly due to increasing demand but also because of long delivery times resulting from disruptions in various supply chains. The uncertainty regarding delivery times has resulted in some customers placing orders as far as 4-5 months before expected delivery, compared to a more normal delivery time of 1-2 months. As supply chains become more reliable, it is reasonable to expect the order book to normalize in the future.

We have recently noted a shift in demand, where several of our customers at the beginning of the year have prioritized connecting customers to their networks over the general fiber rollout. This has resulted in an increase in demand for blown fiber and nanocables, while demand for micro cables has decreased. Because of this shift in demand, it was decided at the beginning of April to reduce staffing in micro cable production in Hudiksvall by 27 temporary employees. After the transition, we still have more employees in Hudiksvall than we did on average in 2022. In the total group, we have close to 2,000 employees compared to just over 1,300 employees a year ago.

We believe that the market for fiber expansion is to some extent affected by increased inflation and rising financing costs for those who invest in fiber networks. However, our assessment is that it has a minor negative effect on our customers, and we see a continued positive development during the year, with both existing and new customers choosing Hexatronic as their partner.

Welcome to join us on our growth journey.

Henrik Larsson Lyon
President and CEO Hexatronic Group AB (publ)

Please direct any questions to:
Henrik Larsson Lyon, CEO Hexatronic Group, +46 706 50 34 00
Pernilla Lindén, CFO Hexatronic Group, +46 708 77 58 32

The information was submitted for publication, through the agency of the contact person set out above, at 07:00 CEST on March 27, 2023.
This is a translation of the Swedish version of the interim report. When in doubt, the Swedish wording prevails.

Hexatronic creates sustainable networks all over the world. We partner with customers on four continents – from telecom operators to network owners – and offer leading, high-quality fiber technology for every conceivable application. Hexatronic Group (publ.) was founded in Sweden in 1993 and the Group is listed on Nasdaq OMX Stockholm. Our global brands include Viper, Stingray, Raptor, InOne, and Wistom®.