Hexagon Composites releases Q4 results


Hexagon Composites has reported its 2018 fourth quarter (Q4) results generating NOK 426.8 ($49.5m) in operating income and an operating profit before depreciation (EBITDA) of NOK 55.2m ($6.4).

Operating profit (EBIT) was for the company was NOK 19.2m ($2.2m) and profit/loss before tax came to NOK 41.4m ($4.8m). The EBIT in Q4 was adversely impacted by an asset impairment adjustment of NOK 16m ($1.8m).

EBITDA for the quarter included a positive impact of NOK 18.4m ($2.1m), triggered by a final reduction of the earn-out obligation related to the 2016 xperion acquisition.

Underlying operation results in the fourth quarter were positively impacted by strong contribution from Agility Fuel Solutions and strong sales volumes from Mobile Pipeline.

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