Hexagon Composites Logo

Hexagon Composites

ISIN

NO0003067902

Ticker

HEX

Sector

Industrials

Sub-Industry

Industrial Machinery & Supplies & Components

Country

Norway

Year Founded

1963

About Hexagon Composites

Company Description

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.

Headcount

1,700

Served Area

Worldwide

Headquarters

Postboks 836 Sentrum
6001, Ålesund
Norway

Financial statements

Download as Excel
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.

Filings & Publications

  • Consolidated Report 2021 - Q4 English 🇬🇧

Capital Markets Information

ISIN

NO0003067902

LEI

5967007LIEEXZXJWMW49

Industry Group

Capital Goods

Industry

Machinery

Listed Stock Exchange

Oslo Børs

Contact Investor Relations department

Stay up to date

Keep yourself informed with the most recent updates on FinancialReports, IPOs, product advancements, and other significant news.