![]() “We continued to deliver strong revenue growth in the third quarter, up 42% year-over-year,” says Jon Erik Engeset, CEO of Hexagon Group. Hexagon Group, including Hexagon Purus, generated NOK 1 243 (875) million in revenues and recorded an operating profit before depreciation (EBITDA) of NOK -24 (30) million. Hexagon Purus remains fully consolidated in the Hexagon Group accounts, with Hexagon Composites currently retaining 73% ownership. The market outlook is expected to remain strong, short and long term. Revenue growth was primarily driven by the hydrogen distribution segment. In the third quarter 2022, Hexagon Purus generated NOK 222 (103) million in revenues and recorded an EBITDA of NOK -92 (-80) million. The profitability was impacted by significantly higher costs of production due to inflation and supply chain challenges. ![]() 3 November 2022: Hexagon (excluding Hexagon Purus) delivered NOK 1 080 (848) million in revenues and an operating profit before depreciation (EBITDA) of NOK 68 (110) million in third quarter 2022.
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