Hexatronic Reports Strong Q2 Performance Amid Data Center Growth
Hexatronic's Q2 revenue increased by 17.8% to SEK 2,245 million, exceeding analyst expectations. The company anticipates continued growth in its Data Center segment and plans to offset rising input costs through price adjustments, indicating a robust financial position for further expansion.
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Hexatronic's revenue rose to SEK 2,245 million in Q2, surpassing the anticipated SEK 2,017 million. Organic growth was 11%, a significant recovery from a -2% decline in Q1. Adjusted EBITA stood at SEK 224 million, with an EBITA margin of 10.0%.
The company expects sustained strong demand in the Data Center sector and ongoing investment opportunities, maintaining a solid order book equivalent to four months of net revenue. Demand in the defense sector is forecasted to remain robust, while the oil and gas market may weaken short-term. Strong growth is anticipated in North America's Fiber Solutions, despite a weaker European market.
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