Hexagon Composites
ISIN: NO0003067902 | Ticker: HEX | LEI: 5967007LIEEXZXJWMW49
Country: Norway
We believe that technology is no longer the barrier to enabling clean energy for all.
Our world leading composite cylinder technology enables the safe delivery of clean gaseous energy to homes and industries - and decarbonizes transportation on land and at sea. To date we have thousands of solutions and six decades of experience helping our customers reduce CO2 emissions.
Strong global footprint
We are headquartered in Norway with 23 international locations, including the world’s most important clean energy markets in Europe, Asia and North America.
Hexagon is organized into four business areas: Hexagon Agility, Hexagon Ragasco, Hexagon Digital Wave and Hexagon Purus. Our business areas are global leaders in their segments, driving the energy transition with a range of clean energy solutions.
1963
Served areaWorldwide
Headcount1,700
HeadquartersPostboks 836 Sentrum, 6001 Ålesund – Norway
| Line item in (nok) | 01.01.2020 | 01.01.2021 | 01.01.2022 | 01.01.2023 |
|---|---|---|---|---|
| Assets | N/A | 6,164,937,000.00 | 6,515,246,000.00 | 7,903,742,000.00 |
| Noncurrent Assets | N/A | 3,131,938,000.00 | 3,701,029,000.00 | 4,580,035,000.00 |
| Property Plant And Equipment | N/A | 747,266,000.00 | 1,010,625,000.00 | 1,336,307,000.00 |
| Investment Accounted For Using Equity Method | N/A | 2,066,000.00 | 7,024,000.00 | N/A |
| Investments In Associates Accounted For Using Equity Method | N/A | N/A | 7,024,000.00 | 53,272,000.00 |
| Deferred Tax Assets | N/A | 1,775,000.00 | 13,678,000.00 | 0.00 |
| Other Noncurrent Financial Assets | N/A | 79,924,000.00 | 379,000.00 | 141,429,000.00 |
| Other Noncurrent Assets | N/A | N/A | 2,489,000.00 | 4,942,000.00 |
| Current Assets | N/A | 3,033,000,000.00 | 2,814,217,000.00 | 3,323,707,000.00 |
| Inventories | N/A | 739,998,000.00 | 1,147,004,000.00 | 1,546,497,000.00 |
| Current Trade Receivables | N/A | 450,456,000.00 | 880,396,000.00 | 865,403,000.00 |
| Cash and cash equivalents | 177,651,000.00 | 1,649,882,000.00 | 600,209,000.00 | 713,547,000.00 |
| Other Current Assets | N/A | 191,849,000.00 | 182,443,000.00 | 188,772,000.00 |
| Equity And Liabilities | N/A | 6,164,937,000.00 | 6,515,246,000.00 | 7,903,742,000.00 |
| Equity | 2,152,993,000.00 | 3,595,838,000.00 | 3,484,301,000.00 | 3,468,806,000.00 |
| Issued Capital | N/A | 20,162,000.00 | 20,162,000.00 | 20,162,000.00 |
| Share Premium | N/A | 2,075,999,000.00 | 2,075,999,000.00 | 2,075,999,000.00 |
| Treasury Shares | N/A | 185,000.00 | 85,000.00 | 65,000.00 |
| Additional Paidin Capital | N/A | 69,615,000.00 | 98,226,000.00 | 132,346,000.00 |
| Equity Attributable To Owners Of Parent | N/A | 3,183,939,000.00 | 3,106,291,000.00 | 2,991,905,000.00 |
| Noncontrolling Interests | N/A | 411,899,000.00 | 378,010,000.00 | 476,901,000.00 |
| Liabilities | N/A | 2,569,099,000.00 | 3,030,945,000.00 | 4,434,935,000.00 |
| Noncurrent Liabilities | N/A | 1,630,106,000.00 | 1,850,353,000.00 | 2,434,656,000.00 |
| Other Longterm Provisions | N/A | 2,157,000.00 | 11,686,000.00 | 6,133,000.00 |
| Deferred Tax Liabilities | N/A | 187,359,000.00 | 247,160,000.00 | 206,370,000.00 |
| Other Noncurrent Financial Liabilities | N/A | 0.00 | 190,529,000.00 | 256,675,000.00 |
| Noncurrent Recognised Liabilities Defined Benefit Plan | N/A | 3,904,000.00 | 4,645,000.00 | 2,321,000.00 |
| Longterm Borrowings | N/A | 1,206,127,000.00 | 1,166,057,000.00 | 1,482,140,000.00 |
| Current Liabilities | N/A | 938,993,000.00 | 1,180,592,000.00 | 2,000,280,000.00 |
| Other Shortterm Provisions | N/A | 89,301,000.00 | 66,747,000.00 | 102,557,000.00 |
| Trade And Other Current Payables | N/A | 634,484,000.00 | 712,897,000.00 | N/A |
| Trade And Other Current Payables To Trade Suppliers | N/A | N/A | 392,747,000.00 | 572,569,000.00 |
| Current Contract Liabilities | N/A | 51,665,000.00 | 277,658,000.00 | 548,643,000.00 |
| Current Tax Liabilities Current | N/A | 118,397,000.00 | 47,201,000.00 | 53,057,000.00 |
| Other Current Financial Liabilities | N/A | N/A | 0.00 | 75,051,000.00 |
| Other Current Liabilities | N/A | N/A | 320,150,000.00 | 343,154,000.00 |
| Line item in (nok) | 01.01.2020/ 01.01.2021 |
01.01.2021/ 01.01.2022 |
01.01.2022/ 01.01.2023 |
|---|---|---|---|
| Revenue | 3,080,375,000.00 | 3,542,890,000.00 | 4,932,306,000.00 |
| Revenue From Contracts With Customers | 3,070,865,000.00 | 3,534,691,000.00 | 4,913,016,000.00 |
| Other Income | N/A | 4,845,000.00 | 14,361,000.00 |
| Raw Materials And Consumables Used | 1,502,305,000.00 | 1,695,497,000.00 | 2,656,515,000.00 |
| Employee Benefits Expense | 940,096,000.00 | 1,101,298,000.00 | 1,495,259,000.00 |
| Depreciation Amortisation And Impairment Loss Reversal Of Impairment Loss Recognised In Profit Or Loss | 249,212,000.00 | 262,680,000.00 | 332,162,000.00 |
| Other Expense By Nature | 448,034,000.00 | 637,512,000.00 | 843,722,000.00 |
| Profit Loss From Operating Activities | -59,272,000.00 | -154,096,000.00 | -395,352,000.00 |
| Finance Income | 319,622,000.00 | 125,592,000.00 | 271,773,000.00 |
| Finance Costs | 314,604,000.00 | 270,283,000.00 | 341,855,000.00 |
| Share Of Profit Loss Of Associates And Joint Ventures Accounted For Using Equity Method | -1,885,000.00 | -2,957,000.00 | N/A |
| Profit Loss Before Tax | -56,138,000.00 | -301,744,000.00 | -417,118,000.00 |
| Income Tax Expense Continuing Operations | 91,643,000.00 | 25,833,000.00 | 8,859,000.00 |
| Profit (loss) | -147,781,000.00 | -327,577,000.00 | -425,977,000.00 |
| Profit Loss Attributable To Owners Of Parent | -140,776,000.00 | -237,325,000.00 | -311,326,000.00 |
| Profit Loss Attributable To Noncontrolling Interests | -7,005,000.00 | -90,252,000.00 | -114,652,000.00 |
| Line item in (nok) | 01.01.2020 | 01.01.2021 | 01.01.2022 | 01.01.2023 |
|---|---|---|---|---|
| Profit (loss) | N/A | -147,781,000.00 | -327,577,000.00 | -425,977,000.00 |
| Adjustments For Sharebased Payments | N/A | 21,245,000.00 | 36,302,000.00 | 49,895,000.00 |
| Adjustments For Undistributed Profits Of Associates | N/A | N/A | -2,957,000.00 | 48,317,000.00 |
| Income Taxes Paid Refund Classified As Operating Activities | N/A | 51,979,000.00 | 66,303,000.00 | 49,626,000.00 |
| Cash Flows From Used In Operating Activities | N/A | 229,198,000.00 | -344,696,000.00 | 98,588,000.00 |
| Cash Flows Used In Obtaining Control Of Subsidiaries Or Other Businesses Classified As Investing Activities | N/A | 9,249,000.00 | 146,189,000.00 | 0.00 |
| Proceeds From Sales Of Property Plant And Equipment Classified As Investing Activities | N/A | 60,338,000.00 | 37,392,000.00 | 161,003,000.00 |
| Purchase Of Property Plant And Equipment Classified As Investing Activities | N/A | 146,578,000.00 | 301,238,000.00 | 507,210,000.00 |
| Purchase Of Intangible Assets Classified As Investing Activities | N/A | 30,502,000.00 | 59,755,000.00 | 75,729,000.00 |
| Interest Received Classified As Investing Activities | N/A | 5,968,000.00 | 4,394,000.00 | 15,207,000.00 |
| Cash Flows From Used In Investing Activities | N/A | -120,284,000.00 | -475,085,000.00 | -517,428,000.00 |
| Proceeds From Issuing Shares | N/A | 874,687,000.00 | 0.00 | N/A |
| Payments To Acquire Or Redeem Entitys Shares | N/A | 7,169,000.00 | 0.00 | 30,495,000.00 |
| Payments Of Lease Liabilities Classified As Financing Activities | N/A | 62,647,000.00 | 62,736,000.00 | 73,947,000.00 |
| Cash Flows From Used In Financing Activities | N/A | 1,363,205,000.00 | -237,846,000.00 | 520,309,000.00 |
| Increase (decrease) in cash and cash equivalents before effect of exchange rate changes | N/A | 1,472,119,000.00 | -1,057,627,000.00 | 101,469,000.00 |
| Effect Of Exchange Rate Changes On Cash And Cash Equivalents | N/A | 112,000.00 | 7,954,000.00 | 11,869,000.00 |
| Cash and cash equivalents | 177,651,000.00 | 1,649,882,000.00 | 600,209,000.00 | 713,547,000.00 |
Please note that some sums might not add up.
NO0003067902
LEI5967007LIEEXZXJWMW49
SectorIndustrial Machinery & Supplies & Components
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