Hexagon reported today its earnings from Q1 2024.
- Organic growth was 3 % (our estimate was 5 %)
- Net sales came 3 % below our and consensus estimate
- Adjusted EBIT was 4 % below our estimate. Reported EBIT and EPS were 7 % below our estimate.
- Weakness in organic sales growth was rather broad-based. Only Manufacturing Intelligence reached the estimated level of growth. All other divisions grew less than we expected.
