Hexagon AB (publ) (HEXA_B) Q1 2025 Earnings Call

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Watch the replay and follow the connected company analysis, news, and investor updates for Hexagon Ab Class B.

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:05.057 Good day and thank you for standing by. Welcome to the Hexagon Q1 Report 00:00:05.057 -- 00:00:06.599 2025 00:00:06.599 -- 00:00:12.646 Conference Call. At this time, all participants are in a listen-only mode. 00:00:12.646 -- 00:00:16.791 After the speaker's presentation, there will be a question and answer session. 00:00:16.791 -- 00:00:22.357 To ask a question during the session, you will need to press star 1, 1 00:00:22.357 -- 00:00:28.111 on your telephone. You will then hear an automated message advising your hand is raised. 00:00:28.111 -- 00:00:33.138 To withdraw your question, please press star one, one again. 00:00:33.138 -- 00:00:36.322 Please be advised that today's conference is being recorded. 00:00:36.322 -- 00:00:41.229 I would now like to hand the conference over to your speaker today, Norbert Hanke. 00:00:41.229 -- 00:00:43.690 Please go ahead. 00:00:44.333 -- 00:00:49.660 Good morning, and thank you for joining our first quarter 2025 conference 00:00:49.660 -- 00:00:54.740 call. I am Norbert Hanke, Interim President and CEO of Hexagon, 00:00:54.740 -- 00:01:00.170 And I am joined by our Chief Strategy Officer, Ben Muslin, and our Chief Financial 00:01:00.170 -- 00:01:02.694 Officer, David Mills. 00:01:02.694 -- 00:01:07.883 In Q1, we delivered 0% organic growth, 67% 00:01:07.883 -- 00:01:12.993 gross margins, and an operating margin of 26%, and with 00:01:12.993 -- 00:01:19.445 a cash conversion of 71%. The current revenue grows strongly by 10%. 00:01:19.445 -- 00:01:24.634 So the quarter began well, but in mid-March, geopolitical uncertainties 00:01:24.634 -- 00:01:27.219 impacted the volume. 00:01:27.219 -- 00:01:32.348 March is the largest month in the quarter for revenues, so this had a sizable 00:01:32.348 -...