NACKA STRAND, Sweden, Oct. 30, 2002 (PRIMEZONE) -- Hexagon (Stockholm:HEXAtrb):
Third quarter 2002
- Strong earnings and good order intake during Hexagon's seasonally weakest quarter
- For the first time since Q1, 2001, the order intake exceeded the invoicing
- During the quarter, Metrology has acquired Xygent, Mirai as well as started a factory in China . Engineering has consolidated GFD with Gislaved and further increased it's margins
Third quarter First nine months
(MSEK) 2002 2001 Change 2002 2001 Change
Order intake 1,675 1,594 5 % 5,074 4,349 17 %
Net sales 1,589 1,582 0 % 5,065 4,335 17 %
EBITA 88 49 80 % 341 199 71 %
Margin % 5.5 3.1 +2.4% 6.7 4.6 +2.1 %
EBIT 1 66 32 106 % 275 162 70 %
Earnings before 45 15 200 % 194 142 37 %
tax
Earnings per 1.14 0.56 104 % 6.51 5.75 13 %
share (EPS)
EPS adjust. for 2.33 1.63 43 % 10.39 8.06 29 %
goodwill
Cash flow per 5.35 3.19 68 % 15.61 13.25 18 %
share
For further information, please call: Hexagon AB Ola Rollen, CEO tel. no +46 (0) 8 - 601 26 20 Hexagon AB Hakan Halen, CFO tel. no +46 (0) 8 - 601 26 20
Subscription to Hexagons' financial information is available as e-mail at www.hexagon.se.
This information was brought to you by Waymaker http://www.waymaker.net
The following files are available for download:
http://www.waymaker.net/bitonline/2002/10/30/20021030BIT00590/wkr0001.doc http://www.waymaker.net/bitonline/2002/10/30/20021030BIT00590/wkr0002.pdf