On 25th November 2008, Hexagon hosted a capital markets day in Heerbrugg Switzerland, where it gave a global overview and an update of the company's financial plan.
In common with many manufacturers, Hexagon expects 2009 to be a tough year. Hexagon's current view is that the Group's organic growth for 2009 will be positive. "Even though we are facing a recession in the mature economies we still have a platform for organic growth in 2009,” says Ola Rollén, CEO and President of Hexagon AB. “From where we stand today, we estimate that we can grow our business next year. We estimate the growth rate to between 0 and 8 per cent given the difficult forecasting situation. The reason why we can still grow in a recession is that we have 47 per cent of our sales in growth markets and growth technologies"
A year ago Hexagon launched new financial targets for the Group. The sales target of 20 billion SEK and the EBIT margin target of 20 per cent remain unchanged but are pushed forward one year to 2011 due to the tougher business climate, say Hexagon.
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