Hexagon Composites ASA

Hexagon Purus ASA: Results for the first quarter 2021

Hexagon Purus ASA: Results for the first quarter 2021

In the first quarter of 2021, Hexagon Purus Group generated NOK 57 (48) million in revenue and recorded operating profit before depreciation (EBITDA) of NOK -62 (-43) million. Revenue growth was driven by increased activity in hydrogen distribution applications as well as aerospace with slightly lower revenue contribution from heavy duty vehicle applications due to the completion of a battery electric (BEV) truck demonstration program in Q1 2020.

Continued investments in personnel and infrastructure to support and accelerate Hexagon Purus’ future growth drive negative profitability.

Key developments


Presentation of the results:

Morten Holum (CEO) and Dilip Warrier (CFO) will present the results at 08:30 CEST. 
Follow the presentation here: https://hexagonpurus.kg5.no/

A recording of the presentation will be published on www.hexagonpurus.com after the presentation.


For more information:


Salman Alam, Vice President, Corporate Development, Hexagon Purus
Telephone: +47 476 12 713| [email protected]


Dilip Warrier, CFO, Hexagon Purus
Telephone: +1 949-236-5528 | [email protected]


About Hexagon Purus ASA:

Hexagon Purus, a Hexagon Composites company, enables zero emission mobility for a cleaner energy future. Hexagon Purus is a world leading provider of hydrogen type 4 high-pressure cylinders, complete vehicle systems and battery packs for fuel cell electric and battery electric vehicles (FCEV and BEV) including hybrid mobility applications on light, medium and heavy-duty vehicles, transit buses, ground storage, distribution, maritime, rail, and aerospace applications.

For more information, please visit www.hexagonpurus.com and follow @HexagonPurus on LinkedIn and Twitter.

Attachments