Swedish technology company, Hexagon, released its Interim report on May 5th which showed a strong order intake, with 16 per cent organic growth in the first quarter.
Hexagon said that North America and Europe had returned to growth and the emerging markets were continuing their rapid expansion. The gross margin improvement in the quarter and expected volume growth together with cost control has put in place the foundation for an EBIT margin expansion. said Hexagon. Strong earnings and the continuous focus on working capital generated operating cash flow of £22 million (249 MSEK) in the first quarter.
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