On December 4th, 2007 Hexagon held its capital markets day to give an overview of its strategy, focus areas and new financial targets for 2008 - 2010..
The Hexagon sales target for year 2010 is £1.55 billion (20 billion SEK @12.9). The target is to grow the core business to £1.24bn (16 billion SEK) and to add acquisitions with a combined sales turnover of more than £310m ( 4 billion SEK) by the end of 2010.
The Hexagon EBIT margin target for year 2010 is 20 per cent. The target is to grow the EBIT margin of the core business to 23 per cent and to add acquisitions with a combined EBIT margin of 15 per cent. "We have named our new financial plan "20-20-10".” said Ola Rollén, CEO and President of Hexagon AB. “Hexagon is to have sales of 20 billion SEK and an EBIT margin of 20 per cent by the end of year 2010. That is our target. We have a solid platform for future organic growth, and we actively follow a large number of acquisition targets to also enable non-organic growth.
Today the measurement technologies market can be estimated to a size of approximately £7.75bn (100 billion SEK). Our long term ambition is to grow the Hexagon share of that market to 30 per cent. We are confident that we will continue to add substantial shareholder value in the years to come", says Ola Rollén.