Hexagon sees increased uncertainty in emerging markets – Business Wire

The Hexagon EBIT was 177 million euros in the second quarter of 2015th

Analysts had expected an EBIT of 176 million euros, according to SME Direkt compilation before the report.

Net sales amounted to 781 million. The SME Direkt consensus forecast low expectations for net sales of EUR 774 million.

Increased uncertainty in emerging markets

Hexagon notes increased uncertainty about growth markets while gazing out the second half.

According to the interim report.

CEO Ola Rollen expresses, however, confidence regarding the Company’s ability to generate organic growth and expand its margin.

the second quarter, organic growth amounted to 5 percent. Hexagon saw continued recovery in Western Europe, driven by the five major markets of UK, Germany, France, Spain and Italy. North America showed a continued strong development.

“The emerging markets are developed, however, worse. We saw slower growth in China, where the weak construction market affect us. We saw negative growth in Brazil and Russia,” writes Ola Rollen.

Hexagon’s organic growth was 4 percent in EMEA, 6 percent in the Americas and 5 percent in Asia.

But Russia reported organic growth of -36 percent, which contributed to the EMEA reached only 4 percent organic growth.

The growth rate in Asia benefited from a strong performance in markets such as Japan, Australia and Vietnam, but was affected while negatively impacted by a slowdown in China which showed organic growth of 2 percent.