Hexagon Q1 EBIT Down At EUR 344.7 Mln

Hexagon AB HEXA_B:

• ADJUSTED FREE CASH FLOW EUR 154 MILLION

• ADJUSTED EPS EUR 0.094 VERSUS. ESTIMATE EUR 0.1

• ADJUSTED EBIT EUR 344.7 MILLION

• WE RECORDED WEAKER THAN EXPECTED FINANCIAL PERFORMANCE IN MARCH, WHICH IS MOST SIGNIFICANT MONTH IN QUARTER FOR REVENUES

• GEOPOLITICAL UNCERTAINTY AFFECTED GROWTH IN NORTH AMERICA AND CHINA, CAUSING DELAYS IN CUSTOMER ORDERS AND SHIPMENTS

• 0% OVERALL ORGANIC GROWTH FOR QUARTER

• WEAKNESS IN DEMAND FOR SENSORS, ROBOTIC SOLUTIONS AND PERPETUAL LICENCES

• WE HAVE SEEN STABILISATION OF DEMAND EARLY IN Q2, BUT OVERALL OUTLOOK REMAINS UNCERTAIN

• NORTH AMERICA RECORDED -4% ORGANIC GROWTH, WITH ACTIVITY LEVELS WEAKENING TOWARDS END OF QUARTER