Hexagon Composites (HXGCF) has released an update.
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Hexagon Composites reported a solid second quarter in 2024 with revenues of NOK 1.15 billion and a significant 25% increase in EBITDA, reaching NOK 137 million. The company sold its Hexagon Ragasco segment for NOK 1.05 billion, focusing more on alternative fuels and industrial gases. They also expect revenue growth due to a strong order book and demand for renewable natural gas (RNG) and the X15N natural gas engine.
For further insights into HXGCF stock, check out TipRanks’ Stock Analysis page.