Trade HEXAGON COMPOSITES - HEX CFD

HEXAGON COMPOSITES Company profile

About Hexagon Composites ASA

Hexagon Composites ASA is a Norway-based company engaged in the development and production of lightweight composite cylinders for storage and transport of gases under pressure. The Company’s activities are divided into three segments: The Hydrogen storage and transportation systems segment is engaged in the Hydrogen value chain, the High-pressure Cylinders for Compressed Natural Gas (CNG) and Compressed Hydrogen Gas (CHG) segment develops and manufactures composite high-pressure cylinders for gas transport, as well as fuel tanks for cars, buses and commercial vehicles; and the Low-pressure Cylinders for Liquified Petroleum Gas (LPG) segment focuses on barbecues, cooking and fuel tanks for fork-lift trucks, among others. In addition, the Company provides multiaxial knitted fiber reinforcements, which are applied to wind turbines and ships. The Company is a parent of a number of entities, such as Hexagon Ragasco AS, Hexagon Raufoss AS and Hexagon Technology AS.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Hexagon Composites ASA revenues increased 15% to NOK3.54B. Net loss increased 69% to NOK237.3M. Revenues reflect Hexagon Purus segment increase of 50% to NOK506M, Hexagon Ragasco LPG segment increase of 5% to NOK578.1M, Europe segment increase of 32% to NOK1.2B, North America segment increase of 12% to NOK2.17B. Higher net loss reflects Other operating expenses increase of 42% to NOK637.5M (expense).

Equity composition

FY'04 Q's are being RES due to the change in GAAP. 01/2007, Complex capital change (Factor: 1.236453).