Hexagon Q2 sales surge


Staff reporter

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Hexagon CEO Anders Svensson

Hexagon’s June quarter sales surged 12% year-on-year to €1.05 billion and were up 10% yoy in the first half at €2.01 billion, the company reported. The period saw its former enterprise software arm become New York and Stockholm-listed Octave.

CEO Anders Svensson said Hexagon was now a “more simple and more focused business”, with manufacturing intelligence, infrastructure and geospatial and autonomous solutions divisions.

“The organic growth in the quarter was very strong at 12% with growth in all of our business areas,” Svensson said.

“Autonomous solutions led the way, growing a fantastic 20% in the quarter.”

Aerospace and defence underpinned the autonomous solutions rise, with the latter now contributing more than 5% of group sales. Aerospace and defence were said to account for 27% of Hexagon AS sales in fiscal 2025, with mining the biggest market at 47% of sales last year. However, it didn’t crack a mention in the company’s latest reporting.

Division Q2 sales of €201.7 million were up 21% yoy while they were 18% higher yoy for the first half at €377.2 million.

Mining also contributed 8% of infrastructure and geospatial sales in FY2025. Infrastructure and geospatial logged 2026 Q2 sales of €388.5 million, up 4% yoy, and 3% higher first-half sales of €737.9 million.

Acquisitions Waygate Technologies (manufacturing intelligence) Inertial Sense (autonomous) and ITRES (infrastructure/geospatial) were added in the June quarter.

Hexagon flagged a €10 million R&D spend on its fledgling robotics business during the quarter, having outlined a circa-€50 million full-year spend at its April 2026 capital markets day.

 

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