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Hexagon Composites ASA: Third Quarter 2026 Results

Hexagon Composites ASA, the leading company in composite cylinder technologies and solutions for gaseous energy storage and transportation, unveiled its financial performance for the third quarter of 2026. On November 6, 2026, the company reported a remarkable revenue of NOK 929 million, a significant leap from NOK 538 million in the same quarter last year (Q3 2025). Moreover, the company displayed an improved EBITDA, achieving NOK 108 million compared to a loss of NOK 54 million in Q3 2025. This exceptional growth reflects a solid 12% EBITDA margin, up from the previous year's -10%.

Philipp Schramm, the CEO of Hexagon Composites, highlighted that this quarter represents the strongest performance they have experienced since the record fourth quarter of 2024. He mentioned, “This quarter marks a significant step-up year-over-year, delivering our strongest quarterly performance since the record fourth quarter of 2024.” He further elaborated on the advances the company has made over the past year, citing that they have established a more robust foundation for future growth. Hexagon Composites has expanded its reach into new regions and consolidated markets while also successfully delivering innovative solutions to exciting new verticals, including aerospace and data centers.

The company has also made substantial strides in enhancing its financial stability, showcasing strong cash flow conversion which positions them favorably to meet their full-year targets. The outlook remains optimistic, as stated by Schramm, who expressed confidence in the company's ability to achieve full-year EBITDA guidance of approximately NOK 300 million, with expectations leaning towards the higher end of this forecast.

The robust results for the third quarter come amidst a backdrop of normalizing demand in their core markets, suggesting a healthy recovery trajectory post-pandemic. As such, Hexagon Composites reaffirms its commitment to delivering solid financial results and continuing its growth in the coming phases.

In a virtual presentation held on the same day at 8:30 AM CET, Schramm, alongside CFO Eirik Løhre, provided insights into the quarterly results, inviting questions from participants. The session aimed at enhancing transparency and engaging with stakeholders, ensuring that investors remain informed and confident in the company's progress.

For those interested in more detailed data, Hexagon Composites has made available a comprehensive quarterly report along with a presentation for download on their official website. These documents provide an in-depth look at the company's performance, strategy, and future prospects.

In closing, Hexagon Composites continues to position itself at the forefront of innovations in clean energy solutions. The company emphasizes its commitment to delivering safe and innovative products that facilitate the transition to a cleaner energy future. As they move forward, their focus on strategic market expansion and financial viability bodes well for their sustained growth and success in an ever-evolving marketplace.

For media inquiries or further information regarding Hexagon Composites, the contacts in their investor relations team, Emily Cherry, Senior Communications Investor Relations Manager, and Berit-Cathrin Høyvik, Senior Director of Communications Corporate Affairs, are available for questions, reinforcing the company's dedication to stakeholder engagement and transparency.