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Hexagon Q1’24: Growth below estimates

Hexagon

Hexagon’s Q1 report was a bit soft with growth below estimates. We believe the currently low market activity in the construction and manufacturing sectors slightly burdens Hexagon’s growth in 2024 but the company’s solid long- term growth profile is still intact. Analyst Pauli Lohi comments more in this interview! 

Content:
00:00 Intro
00:14 Reasons for the soft Q1
01:18 Currency effects
01:49 Rationalization program
02:31 Profitability level
03:54 Growth estimates
04:32 Valuation and recommendation

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