Hexagon AB (HEXAb.ST)
Thu, Aug 9 2018
STOCKHOLM, Aug 9 The CEO of Swedish industrial technology group Hexagon said on Thursday he had sold half his stake in the company but that he still looked forward to leading the company and had no plans to sell more shares.
STOCKHOLM Swedish industrial technology group Hexagon beat quarterly sales expectations, helped by a recovery in its PPM division that makes software for operators of plants, ships and offshore facilities, lifting its shares to an all-time high.
* Shares up 5 pct at record high (Adds analyst comment, detail, background, shares)
STOCKHOLM, July 31 Swedish industrial technology company Hexagon reported second quarter organic growth ahead of expectations and said its oil-exposed power, process and marine unit (PPM) grew strongly over the period.
STOCKHOLM, June 14 Swedish industrial technology company Hexagon said on Thursday it remained on track to achieve its targets, under which it expects to hit sales of at least 4.6 billion euros ($5.4 billion) in 2021.
* HEXAGON CEO SAYS FOR PPM OIL AND GAS MARKET CAPEX SEEMS TO BE IMPROVING SLIGHTLY, BUT PENETRATED OTHER SEGMENTS AND EXPECTS GOOD WINS FROM THERE - ANALYST CALL