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Analysts had calculated a corresponding EBIT result of € 226 million, according to the compilation of the report by Infront Datas, which counts up to twelve analysts.
Net sales amounted to 946 million. Consensus forecasts from Infront Data were expected to net business revenue of 922 million euros.
Hexagon delivered again solid earnings in the third quarter with organic growth of 8% and an increased operating margin of 24.5%.
It is written in the report the CEO Ola Rollén.
"The organic growth of smart intelligences manufacturing has accelerated to 12%, thanks to good demand from the electronics and aerospace industry, the continued success of China and the good development of the portfolio Geosystems recorded an impressive new quarter of organic growth of 11% from infrastructure and construction, content programs and new product launches, "he writes, adding:"
"The recovery in the electricity and energy customer segment has continued and PPM has achieved organic growth of 6% driven by new licensing orders in management solutions. The Public Safety, Security and Infrastructure Division had another difficult quarter, mainly due to weak demand from the US defense, and measures were taken to improve developments in 2019 ".
The company invested According to the CEO's speech, 75 million euros in two new factories in Canada and China.
"We have also expanded our business opportunities with some large strategic customers in Europe and North America, which has led to the development of working capital in the near term, but this should turn in the fourth quarter," he added. the boss of Hexagon and concludes:
"Looking to the future, we feel secure in our ability to continue growing, both organically and through acquisitions, to meet our 2021 goals. "
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