In the first half year of 2009 the Hexagon Group has achieved its best ever results. The Group had a first half year turnover of 457.5 MNOK (362.6) which is a 26% increase in relation to the same period last year. Operating profit before depreciation (EBITDA) was 73.5 MNOK (43.0). Operating profit (EBIT) for the first half year was 45.1 MNOK (23.2) which is a full 94% better than the same period last year. Profit before tax was 50.7 MNOK (7.6).
Important events in the Hexagon Composites Group since the previous interim report:
- Ragasco has recently received a contract for the supply of LPG cylinders to Taji Gas in Iraq at a value of 40 MNOK.
- Ragasco received a contract in June for the supply of LPG cylinders to Woqod in Qatar at a value of 20 MNOK.
- Raufoss/Lincoln received an order for the delivery of high-pressure composite containers for a new hydrogen filling station in Berlin.
The Hexagon Group reported a turnover of 229.5 MNOK (194.5) and an operating profit before depreciation/amortisation, EBITDA, of 38.5 MNOK (23.5) for the second quarter. The operating profit, EBIT, for the second quarter was 24.1 MNOK (13.8).
