Hexagon stock posts 13% organic growth in third quarter
Published on 11/10/2026 at 12:15 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSGrowth Meets Integration Demands
- Hexagon delivered its strongest organic growth in five years during the third quarter.
- Adjusted operating profit exceeded analyst expectations, while gross margin declined on product mix.
- The completed Waygate acquisition broadens inspection capabilities and raises near-term execution demands.
Hexagon reported its strongest organic growth in five years in the third quarter, according to a Reuters report republished by Investing.com. The Swedish measurement and positioning technology group delivered operating net sales of 1.05 billion euros, with organic growth accelerating to 13 percent from the year-earlier period.
Adjusted operating profit reached 278.3 million euros, up 5 percent year over year and above analysts' expectation for a decline from 264.7 million euros. Adjusted earnings per share rose to 0.082 euros from 0.069 euros. Excluding Robotics, the EBITAC margin improved to 25.3 percent from 24.4 percent in the third quarter of 2025.
Broad-Based Growth, Mixed Margins
All three business areas contributed to the expansion. Autonomous Solutions led with 23 percent organic growth, followed by Manufacturing Intelligence at 16 percent and Infrastructure and Geospatial at 4 percent. EMEA grew 17 percent, Asia 15 percent and the Americas 6 percent, according to the Reuters report.
Demand from aerospace and defense, general manufacturing and electronics offset weakness in agriculture and construction. The adjusted gross margin nevertheless fell to 61.6 percent from 63.7 percent because of product mix. Cash conversion also eased to 82 percent from 85 percent, while net debt to EBITDA stood at 0.3 times at the quarter-end.
Chief Executive Paolo Guglielmini said the company delivered an excellent financial and operational performance and highlighted the acceleration in organic growth against a tougher comparison. Hexagon's investor-relations page continues to present medium-term targets of 4 to 6 percent organic revenue growth through 2030, EBITAC margins of 24 to 26 percent and annual cash conversion of 90 to 100 percent.
Waygate Adds Scale And Execution Risk
Hexagon completed its acquisition of Waygate Technologies on November 2, according to its investor-relations page. The transaction expands the Manufacturing Intelligence portfolio into industrial inspection, while integration and margin delivery become important tests for management.
Reuters reported that Hexagon expected the acquisition to lift net debt to EBITDA to 1.4 times when announced acquisitions were included. With the transaction now completed, investors can shift their focus from closing risk to the pace of integration, cross-selling and profitability improvement.
Hexagon stock traded at 9.83 euros on Lang & Schwarz at 12:09 CET on Tuesday, November 10, 2026.
Hexagon stock at a glance
- Company: Hexagon AB
- ISIN: SE0015961909
- Primary listing: Nasdaq Stockholm
- Lang and Schwarz price: 9.83 euros at 12:09 CET on November 10, 2026
- Third-quarter organic growth: 13 percent
- Adjusted operating profit: 278.3 million euros
For the broader Swedish equity market, investors can follow the OMXS30 market environment alongside company-specific earnings and integration updates.
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