Hexagon Composites ASA

Hexagon Purus ASA: Results for the second quarter 2021

Hexagon Purus ASA: Results for the second quarter 2021

Hexagon Purus delivers strong year-over-year revenue growth and enjoys continued commercial success with key customers in the zero emission mobility space.

Q2 2021 highlights:

In the second quarter of 2021, Hexagon Purus Group generated NOK 94 (46) million in revenue and recorded operating profit before depreciation (EBITDA) of NOK -69 (-20) million. Revenue growth of 104% was driven by increased activity in hydrogen distribution and transit bus applications.

Reported revenue for the first half of 2021 grew 54% to NOK 146 (94) million driven by increased distribution, transit bus and aerospace business while EBITDA was NOK –131 (-64) million.

Continued investments in personnel and infrastructure to support and accelerate Hexagon Purus’ future growth drive negative profitability in the near-term, as expected.

Key developments in first half of 2021:

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.

This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act