Hexagon’s operating profit was EUR 187 million in the second quarter in 2016.
Analysts had expected a corresponding EBIT of 190 million euros, according to SME Direkt summary for the report .
Net sales amounted to SEK 796 million. The SME Direkt consensus forecast low expectations for net sales of 803 million euros.
Weaker growth in the oil and gas segment
As a result of a tough comparison period and offset Hexagon’s business proved oil and gas related activities of weaker growth in the second quarter. The segment, called PP & amp; M Hexagon, is expected to show similar results in the third quarter, and then to turn to positive growth in the fourth quarter.
It writes CEO Ola Rollen in his president’s statement in the report for the second quarter.
Excluding operations in the oil / gas grew Hexagon organically by 6 percent during the quarter, mainly driven by new products and applications.
Based on the entire company, the organic revenue growth 3 percent in the quarter, compared with the 2.9 percent growth that was expected according to SME Direkt estimate compilation.
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