On 18 February 2021, Flakk Gruppen AS purchased 250,000 shares in Hexagon Purus AS ( Hexagon Purus or the Company ) at an average price of NOK 53.8497 per share. Flakk Gruppen AS is a company controlled by Knut Flakk, Chairman of the Board of Directors of Hexagon Composites ASA.
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Hexagon Purus Holding AS: Hexagon Purus AS: Results for the fourth quarter 2020
In the fourth quarter of 2020, Hexagon Purus ( the Company ) e-mobility business generated NOK 33 (73) million in revenues and recorded an operating profit before depreciation (EBITDA) of NOK -52 (-38) million. Revenues included deliveries to and/or milestone payments from five heavy-duty OEM/tier 1 customers and two aerospace customers. Approximately NOK 10 million of revenue expected in the fourth quarter of 2020 was pushed into the first quarter of 2021, mainly due to temporary supply chain delays.
Reported Hexagon Purus e-mobility revenue for the year 2020 decreased by 15% to NOK 180 million compared with NOK 211 million and reported EBITDA was NOK -141 (-143) million. The decrease in revenue for the quarter and year was primarily due to the completion of a heavy-duty BEV truck demonstration program started in 2019, partially offset by contribution from new heavy duty OEM projects and a new aerospa
In the fourth quarter of 2020, Hexagon Purus' ("the Company") e-mobility business generated NOK 33 (73) million in revenues and recorded an operating profit before depreciation (EBITDA) of NOK -52 (-38)
Hexagon Purus AS: Results for the fourth quarter 2020
February 16, 2021 01:00 ET | Source: Hexagon Composites ASA Hexagon Composites ASA Aalesund, NORWAY
In the fourth quarter of 2020, Hexagon Purus’ (“the Company”) e-mobility business generated NOK 33 (73) million in revenues and recorded an operating profit before depreciation (EBITDA) of NOK -52 (-38) million. Revenues included deliveries to and/or milestone payments from five heavy-duty OEM/tier 1 customers and two aerospace customers. Approximately NOK 10 million of revenue expected in the fourth quarter of 2020 was pushed into the first quarter of 2021, mainly due to temporary supply chain delays.
Reported Hexagon Purus e-mobility revenue for the year 2020 decreased by 15% to NOK 180 million compared with NOK 211 million and reported EBITDA was NOK -141 (-143) million. The decrease in revenue for the quarter and year was primarily due to the completion of a heavy-dut