Hexagon Composites ASA Reports Q1 2026 Trading Update and Market Outlook

Hexagon Composites ASA Q1 2026 Trading Update

On May 7, 2026, Hexagon Composites ASA issued its trading update for the first quarter of 2026, highlighting key developments as it approaches a planned private placement. The company reported its earnings for Q1 2026, effectively replacing the scheduled results presentation initially set for May 13, 2026.

Financial Highlights

In Q1 2026, Hexagon Composites recorded revenues of NOK 669 million, a decline from NOK 912 million in Q1 2025. However, the company experienced an increase in EBITDA, reaching NOK 57 million for Q1 2026 compared to NOK 44 million in the previous year. This resulted in an EBITDA margin of 8.5%, reflecting an improvement driven by a favorable product mix and reduced operating costs.

Updated Market Outlook for 2026

Looking ahead, Hexagon remains cautiously optimistic about its performance for the remainder of 2026. The management estimates that revenues will closely mirror those of 2025. Additionally, EBITDA is expected to exceed NOK 200 million for the year, contingent on market conditions. This positive outlook signals the company's confidence in efficiently navigating market challenges and capitalizing on emerging opportunities.

Conference Call Announcement

Hexagon’s CEO, Philipp Schramm, and CFO, Eirik Løhre, are scheduled to host a conference call on May 8, 2026, at 10:00 AM CEST. They will provide further insights into the trading update and engage in a Q&A session. Interested parties can participate by following the link provided in their announcement.

About Hexagon Composites ASA

Hexagon Composites is dedicated to providing innovative solutions that pave the way for a cleaner energy future. By offering products that facilitate the storage, transportation, and conversion of clean energy across various mobility and industrial applications, Hexagon aims to contribute positively to global energy endeavors.

For further inquiries, individuals can contact Eirik Løhre and Berit-Cathrin Høyvik, both representing Hexagon Composites, through the provided contact information. Their commitment to transparency and stakeholder engagement underscores the company’s dedication to its investors and the market at large.

In summary, while Hexagon Composites ASA faced revenue challenges in Q1 2026, the overall financial health appears strengthened through improved margins and prudent operational practices. The scheduled conference call will offer stakeholders an opportunity to gain deeper insights into the company's strategy moving forward, as they continue to play a vital role in the evolving clean energy landscape.