Hexagon Composites ASA: First quarter 2025

15 May 2025 07:00 CEST

15 May 2025: Hexagon Composites (OSE: HEX.OL), world leader in composite
cylinder technology and related systems for storage and transportation of clean
gaseous energy reported revenues of NOK 912 million for first quarter 2025
(Q1'24: 945 million). The reported EBITDA was NOK 44 million (Q1'24: NOK 59
million), resulting in a 5% EBITDA margin (Q1'24: 6%).

"Despite headwinds, we have delivered a steady performance in the first
quarter," says Philipp Schramm, CEO of Hexagon Composites. "We are especially
pleased to see the improvement year over year in our fuel systems business,
which was largely driven by momentum in the refuse sector."

Outlook

We are well positioned to navigate the current uncertainty, and there are many
things that make us optimistic.

Natural gas is gaining momentum as the alternative fuel of choice for fleets.
The route to 10x growth from North American natural gas heavy duty trucking by
2030 is achievable.

Despite the current macro-economic uncertainty and limited near-term visibility,
we are confident in Hexagon's medium- and long-term profitable growth.

For further details, please see the attached first quarter 2025 report and
presentation.

Presentation of the results today at 08:30 am CET
Philipp Schramm, CEO and David Bandele, CFO will present the results at 08:30 am
today. The presentation will be held in the Auditorium at Hexagon's location in
Oslo, Haakon VIIs gate 2, on the lower level.

The presentation will also be broadcast live via:
https://channel.royalcast.com/landingpage/hegnarmedia/20250515_6/


For more information:
David Bandele, CFO, Hexagon Composites
Telephone +47 920 91 483 I david.bandele@hexagongroup.com

Berit-Cathrin Høyvik, Senior Director, Communications, Hexagon Composites
Telephone: +47 988 92 161 | berit-cathrin.hoyvik@hexagongroup.com

About Hexagon Composites ASA
Hexagon delivers safe and innovative solutions for a cleaner energy future. Our
solutions enable storage, transportation, and conversion to clean energy in a
wide range of mobility and industrial applications. Learn more
at?www.hexagongroup.com and follow @HexagonASA on LinkedIn.

More information:
Access the news on Oslo Bors NewsWeb site

646421_HEX_Q1_2025_Presentation.pdf
646421_HEX_Q1_2025_Report.pdf