Hexagon Composites ASA Announces First Quarter 2025 Results and Share Buyback Completion

Financial Results and Presentation Details

Hexagon Composites ASA, a leading company in the design, development, manufacturing, and sale of composite pressure cylinders, has announced the release of its first quarter 2025 results. The results will be made public on May 15, 2025, at 07:00 am CET. The presentation will be led by CEO Philipp Schramm and CFO David Bandele at 08:30 am the same day. The event will take place in the Auditorium at Hexagon’s Oslo location, Haakon VIIs gate 2, on the lower level, and will be broadcast live via Royalcast .

Financial Estimates

Ahead of the results release, analysts have provided estimates for the quarter ending March 31, 2025. The average earnings per share (EPS) is projected at -0.676 NOK, a slight improvement from the -0.790 NOK reported in the same quarter of the previous year. Revenue expectations indicate a 19.20% decrease from the prior year’s quarter, with analysts forecasting a drop from 1.08 billion NOK.

Share Buyback Program

In additional financial news, Hexagon Composites ASA has completed its share buyback program, initially announced on April 14, 2025. The company purchased 860,861 of its own shares on April 28 and 29, 2025, at an average price of NOK 20.1614 per share. The buyback program, which ran from April 14 to May 31, 2025, had a maximum size of NOK 75 million.

Company Overview

Hexagon Composites ASA, headquartered in Aalesund, Norway, operates in the industrials sector, focusing on machinery. The company is listed on the Oslo Bors ASA and trades in NOK. As of April 28, 2025, the close price was NOK 20.1, with a 52-week high of NOK 48.8 on November 6, 2024, and a low of NOK 16.3 on May 1, 2024. The company’s market capitalization stands at NOK 4,121,581,424. Hexagon Composites ASA operates through three segments: Hexagon Purus, Hexagon Mobile Pipeline & Other, and Hexagon Ragasco LPG, focusing on high-pressure composite cylinders for hydrogen and CNG applications, as well as low-pressure cylinders for propane gas.

For further information, David Bandele, CFO, can be contacted at +47 920 91 483 or via email at david.bandele@hexagongroup.com .