Fiber communications company Hexatronic has reported revenue and adjusted EBITA for the fourth quarter that exceeded expectations.
Revenue rose by 1.3 percent to 1,848 million kronor (1,824). This outcome can be compared to the Modular Finance analyst consensus, which was 1,701. Organic sales growth was 10 percent (-4).
EBITA amounted to 37 million kronor (182), with an EBITA margin of 2.0 percent (10.0).
The adjusted EBITA result was 133 million kronor (182), above the expected 120, with an adjusted EBITA margin of 7.2 percent (10.0).
Operating profit came in at 12 million kronor (151). The operating margin was 0.6 percent (8.3).
Profit after tax was -57 million kronor (87).
Earnings per share amounted to -0.27 kronor (0.42).
No ordinary dividend is proposed (0).
Cash flow from operating activities was 349 million kronor (286).
Hexatronic Group AB is a Sweden-based company engaged in the production of electronic and technical solutions. The Company’s products are divided into three categories, namely Network, which offers solutions for both fiber and copper systems, such as Small Firm-factor Pluggables (SFP), Customer Premises Equipment (CPE), switches, converters, patchcords and pigtails, fanouts, attenuators, jacks and telesplitters, among others; Components, which includes cables, connectors, high power Light Emitting Diodes (LEDs) and relays, among others, and Site Solutions, which includes products, such as distribution boxes, fiber optic terminal boxes, cross-connection cabinets, fiber splice closure flats and soft cable fixing panels, among others. Its subsidiaries include Proximon AB and Tele & Datanat Fiberoptik i Orebro AB, both active in fiber optic technology.
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