Hexagon Composites ASA achieved operating income in the first quarter of 2014 of NOK 410.5 million (305.9) and had an operating profit before depreciation (EBITDA) of NOK 85.1 million (47.9). 

 

The operating profit (EBIT) was NOK 67.1 million (34.2), and the profit before tax for continuing operations was NOK 57.5 million (34.5).

 

Important events since the previous report:

-Record EBITDA of NOK 85.1 million 

-Hexagon Lincoln Inc entered into a joint venture agreement with Agility Fuel Systems

-High production efficiency 

-Sale of Hexagon Devold completed

-Hexagon Ragasco post end of first quarter received two new large orders from Qatar and -Iraq to supply LPG cylinders 

-Dividend of NOK 0.33 per share was paid on 5th May