Global technology group, Hexagon AB, which includes measurement companies such as Browne & Sharp, Tesa, Leica and Wilcox Associates among others, has declared its best year ever, with 2006 year end results showing an order intake of 13720 million Swedish Kroner (MSEK), up from 9749 a year earlier. Earnings before tax increased by 130% to 1618 MSEK. CEO Ola Rollen reported an excellent fourth quarter with further improvements in earnings and order intake. “The fourth quarter was Hexagon’s best quarter ever. The integration of the Swiss measurement technologies company, Leica Geosystems, has been very swift. During the quarter changes were made to our distribution structure affecting a large part of our product portfolio in Asia. These measures slowed down growth in Asia during the quarter but will lead to increased growth in 2007. All in all, 2007 seems to be another strong year with intense acquisition activity and a further focusing of the group’s operations towards becoming a fast growing high technology company with good operating margins.”
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