Measurement / Software / Industry Headlines
INDUSTRY HEADLINE

Hexagon's Financial Plan Updated at Capital Markets Day

June 4, 2014
/ Print / Reprints /
ShareMore
/ Text Size+

LAS VEGAS—Hexagon AB, a leading global provider of design, measurement and visualization technologies, held a Capital Markets Day (CMD) in Las Vegas, NV, and updated its commentary around the operational progress for the company and its financial plan.

Hexagon launched its current financial plan in 2011 and it stretches until 2015. The sales target of EUR 3.5bn and the EBIT margin target of 25 percent are to be reached through a combination of organic growth and acquisitions.

Since the launch of the plan, Hexagon has reported solid organic growth, although slightly below the long-term target of eight percent. Contribution from acquisitions has so far been limited, but activity has recently picked up, evidenced by the seven acquisitions already announced in 2014.

The underlying EBIT margin improvement has been in line with internal projections, but currency movements has had a negative impact of approximately one percentage point on the reported EBIT margin.

As a consequence, the sales target of EUR 3.5bn and the EBIT margin target of 25 percent remain unchanged, but are pushed forward one year to 2016.

At the CMD, Hexagon focused on its ability to grow twice the rate of GDP, and elaborated on growth opportunities in the coming years, such as:

• Product releases within Metrology (SIMS 360°, HP-O and MMS) which will leverage on advances in sensor and software capabilities
• Geosystems' ambition of selling imagery content as a service (CaaS), leveraging on recent M&A (Aibotix, AHAB, NWG, Geosoft, Tridicon) and improvements in sensor capabilities.
• Intergraph PP&M's revolutionary SmartPlant Cloud and SmartPlant Fusion as examples of how improved management of big data can meet operational challenges for Owner Operators across a range of fields.

Hexagon also underlined the importance of acquisitions in its solution-centric strategy, incorporating strategy walkthroughs of Hexagon Mining and Smart Agriculture.

For more information, visit www.hexagon.com.
 

Did you enjoy this article? Click here to subscribe to Quality Magazine. 

You must login or register in order to post a comment.

Multimedia

Videos

Podcasts

 In honor of World Quality Month, we spoke to James Rooney, ASQ Past Chairman of the Board of Directors 2013, for his take on quality around the world.
For more information, read the ASQ Speaking of Quality column.
More Podcasts

Quality Magazine

CoverImage

2014 September

Check out the September 2014 edition of Quality Magazine for features!

Table Of Contents Subscribe

The Skills Gap

What is the key to solving the so-called skills gap in the quality industry?
View Results Poll Archive

Clear Seas Research

qcast_ClearSeas_logo.gifWith access to over one million professionals and more than 60 industry-specific publications,Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

eNewsletters

STAY CONNECTED

facebook_40.png twitter_40px.png  youtube_40px.pnglinkedin_40px.png