Reported Earnings • May 28
First quarter 2026 earnings released: kr0.54 loss per share (vs kr0.059 loss in 1Q 2025) First quarter 2026 results: kr0.54 loss per share (further deteriorated from kr0.059 loss in 1Q 2025). Net loss: kr37.0m (loss widened 71% from 1Q 2025). Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Board Change • May 20
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 1 highly experienced director. Independent Director Lars Martinsson was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annuncio • Apr 12
An undisclosed buyer acquired Wave Hub Limited from Hexicon AB (publ) (OM:HEXI) for £1. An undisclosed buyer entered into a sales and purchase agreement to acquire Wave Hub Limited from Hexicon AB (publ) (OM:HEXI) for £1 on April 10, 2026. A cash consideration of £1 will be paid by the buyer. As part of consideration, £1 is paid towards common equity of Wave Hub Limited. Under the agreement, Hexicon has divested its entire 100% stake in TwinHub Project, including associated assets and liabilities.
An undisclosed buyer completed the acquisition of Wave Hub Limited from Hexicon AB (publ) (OM:HEXI) on April 10, 2026. Annuncio • Apr 02
Hexicon AB (publ), Annual General Meeting, May 07, 2026 Hexicon AB (publ), Annual General Meeting, May 07, 2026, at 10:00 W. Europe Standard Time. Location: setterwalls advokatbyra offices, at sturegatan 10 in stockholm, stockholm Sweden Annuncio • Apr 03
Hexicon AB (publ), Annual General Meeting, May 07, 2025 Hexicon AB (publ), Annual General Meeting, May 07, 2025, at 10:00 W. Europe Standard Time. Location: setterwalls advokatbyras, offices at sturegatan 10, stockholm Sweden Buy Or Sell Opportunity • Nov 04
Now 91% undervalued after recent price drop Over the last 90 days, the stock has fallen 100% to €0.0001. The fair value is estimated to be €0.0012, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 22% over the last 3 years. Earnings per share has declined by 47%. Revenue is forecast to grow by 8,716% in a year. Earnings are forecast to grow by 95% in the next year. Buy Or Sell Opportunity • Oct 17
Now 91% undervalued after recent price drop Over the last 90 days, the stock has fallen 100% to €0.0001. The fair value is estimated to be €0.0011, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 22% over the last 3 years. Earnings per share has declined by 47%. Revenue is forecast to grow by 8,716% in a year. Earnings are forecast to grow by 95% in the next year. Buy Or Sell Opportunity • Sep 18
Now 91% undervalued after recent price drop Over the last 90 days, the stock has fallen 100% to €0.0001. The fair value is estimated to be €0.0011, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 22% over the last 3 years. Earnings per share has declined by 47%. New Risk • Sep 13
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €8.95m (US$9.90m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (58% average weekly change). Negative equity (-kr88m). Revenue is less than US$1m (kr5.6m revenue, or US$540k). Market cap is less than US$10m (€8.95m market cap, or US$9.90m). Breakeven Date Change • Aug 23
Forecast breakeven date pushed back to 2025 The 2 analysts covering Hexicon previously expected the company to break even in 2024. New consensus forecast suggests losses will reduce by 92% to 2024. The company is expected to make a profit of kr261.3m in 2025. Average annual earnings growth of 75% is required to achieve expected profit on schedule. Reported Earnings • Aug 22
Second quarter 2024 earnings released: kr0.13 loss per share (vs kr0.17 loss in 2Q 2023) Second quarter 2024 results: kr0.13 loss per share (improved from kr0.17 loss in 2Q 2023). Net loss: kr47.7m (loss narrowed 13% from 2Q 2023). Revenue is forecast to grow 115% p.a. on average during the next 2 years, compared to a 7.1% growth forecast for the Electrical industry in Germany. Over the last 3 years on average, earnings per share has fallen by 49% per year whereas the company’s share price has fallen by 46% per year. New Risk • May 30
New major risk - Negative shareholders equity The company has negative equity. Total equity: -kr33m This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (56% average weekly change). Negative equity (-kr33m). Revenue is less than US$1m (kr5.3m revenue, or US$495k). Minor Risk Market cap is less than US$100m (€16.4m market cap, or US$17.8m). Reported Earnings • May 30
First quarter 2024 earnings released First quarter 2024 results: Net loss: kr32.1m (loss narrowed 32% from 1Q 2023). Revenue is forecast to grow 106% p.a. on average during the next 2 years, compared to a 7.5% growth forecast for the Electrical industry in Germany. Board Change • May 20
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Mia Batljan was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • May 08
Hexicon AB (Publ) Approves Appointment of Göran Öfverström as Board Members Hexicon AB (publ) at its AGM held on May 7, 2024 approved appointment of Göran Öfverström as ordinary board members. Reported Earnings • Apr 16
Full year 2023 earnings released: kr0.52 loss per share (vs kr0.46 loss in FY 2022) Full year 2023 results: kr0.52 loss per share (further deteriorated from kr0.46 loss in FY 2022). Net loss: kr187.3m (loss widened 12% from FY 2022). Revenue is forecast to grow 94% p.a. on average during the next 2 years, compared to a 7.4% growth forecast for the Electrical industry in Germany. Annuncio • Apr 06
Hexicon AB (publ), Annual General Meeting, May 07, 2024 Hexicon AB (publ), Annual General Meeting, May 07, 2024, at 10:00 Central European Standard Time. Location: Setterwalls Advokatbyrå’s offices at Sturegatan 10 Stockholm Sweden Agenda: To elect one or two persons who shall approve the minutes of the meeting; to elect members of the board of directors; to elect auditors and deputy auditors; to adopt the profit and loss statement and the balance sheet as well as of the consolidated profit and loss statement and the consolidated balance sheet; and to consider and approve other matters of business. Reported Earnings • Feb 22
Full year 2023 earnings released: kr0.51 loss per share (vs kr0.46 loss in FY 2022) Full year 2023 results: kr0.51 loss per share (further deteriorated from kr0.46 loss in FY 2022). Net loss: kr187.3m (loss widened 12% from FY 2022). Revenue is forecast to grow 86% p.a. on average during the next 2 years, compared to a 8.1% growth forecast for the Electrical industry in Germany. Reported Earnings • Nov 19
Third quarter 2023 earnings released: kr0.14 loss per share (vs kr0.17 loss in 3Q 2022) Third quarter 2023 results: kr0.14 loss per share (improved from kr0.17 loss in 3Q 2022). Net loss: kr44.2m (loss narrowed 27% from 3Q 2022). Revenue is forecast to grow 73% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the Electrical industry in Germany. Reported Earnings • Sep 01
Second quarter 2023 earnings released: kr0.18 loss per share (vs kr0.11 loss in 2Q 2022) Second quarter 2023 results: kr0.18 loss per share (further deteriorated from kr0.11 loss in 2Q 2022). Net loss: kr65.3m (loss widened 54% from 2Q 2022). Revenue is forecast to grow 68% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the Electrical industry in Germany. Annuncio • Aug 31
Hexicon AB (publ) to Report Q3, 2023 Results on Nov 17, 2023 Hexicon AB (publ) announced that they will report Q3, 2023 results on Nov 17, 2023 Annuncio • Aug 12
Hexicon AB (publ) Appoints Max Ek as Interim CFO Hexicon AB (publ) announces the appointment of Max Ek as its interim Chief Financial Officer (CFO), succeeding Anders Rössel whose departure was announced in July. Max Ek assumes his new role at Hexicon as of August 11, 2023, and will join the company's executive management team. Max has during the past 2 years worked at Hexicon as Head of Business Controlling & Analysis and is very familiar with the company which gives a short start-up process. During his time at Hexicon, Max has, among other things, held the role of CFO at one of Hexicon's largest projects, Freja Offshore, Hexicon's Swedish joint venture. Furthermore, he has previous experience in business analysis and finance in the FMCG sector and has a Master's degree in Business Administration from Stockholm University. Annuncio • Jul 15
Hexicon AB (Publ) Announces Resignation of Anders Rössell as Chief Financial Officer Hexicon AB (publ) announced that CFO Anders Rössell is leaving the company for personal reasons after a short time in his position. However, he remains as CFO until a solution is in place. Annuncio • Jun 09
Hexicon AB (publ) Appoints Anders Rössel as new CFO Hexicon AB (publ) announced the appointment of Anders Rössel as its new Chief Financial Officer (CFO), succeeding Karin Ljung departing for another CFO role. Anders Rössel will assume his new role at Hexicon in the second week of June 2023 where he will join the company's executive management team. He comes most recently from a position as CFO at Adverty (publ) and he adds strong financial expertise to the company´s growth ambitions as well as acceleration of the project pipeline. Anders Rössel has previously served as interim CFO at the insurance company Howden. He has also held significant roles, including Group Business Controller, at companies such as SCA, Swedish Match, Cherry and MTG. Currently Anders Rössel is serving as CFO at Adverty (publ) and will assume his new role at Hexicon the second week of June 2023, joining the company's executive management team. Anders Rössel holds a Bachelor of Business Administration from Lund University. During the transition, he will work closely with Karin Ljung to ensure a seamless handover of responsibilities. Annuncio • Jun 02
Hexicon AB (publ) announced that it expects to receive €45 million in funding Hexicon AB (publ) enter into a long-term development financing agreement for the gross proceeds of €45 million on May 31, 2023. The transaction will include participation from new lender Glennmont Partners. The company will issue loan in the transaction. The loan bears a fixed base interest rate with a provision for a balanced upside sharing should certain projects achieve valuations in line with targets. Full repayment at the maturity date is May 31, 2029, with a possible extension. Reported Earnings • Jun 01
First quarter 2023 earnings released: kr0.13 loss per share (vs kr0.052 loss in 1Q 2022) First quarter 2023 results: kr0.13 loss per share (further deteriorated from kr0.052 loss in 1Q 2022). Net loss: kr47.2m (loss widened 164% from 1Q 2022). Revenue is forecast to grow 66% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Electrical industry in Germany. Breakeven Date Change • Mar 09
Forecast breakeven date moved forward to 2023 The analyst covering Hexicon previously expected the company to break even in 2024. New forecast suggests the company will make a profit of kr56.0m in 2023. Earnings growth of 92% is required to achieve expected profit on schedule. Reported Earnings • Feb 24
Full year 2022 earnings released: kr0.46 loss per share (vs kr0.16 loss in FY 2021) Full year 2022 results: kr0.46 loss per share (further deteriorated from kr0.16 loss in FY 2021). Revenue: kr85.2m (up 31% from FY 2021). Net loss: kr166.9m (loss widened 229% from FY 2021). Revenue is forecast to grow 54% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Electrical industry in Germany. Breakeven Date Change • Jan 20
Forecast to breakeven in 2024 The analyst covering Hexicon expects the company to break even for the first time. New forecast suggests the company will make a profit of kr299.8m in 2024. Average annual earnings growth of 86% is required to achieve expected profit on schedule. Board Change • Nov 16
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. 1 highly experienced director. Independent Director Mats Jansson is the most experienced director on the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Nov 11
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: kr32.0m (up 42% from 3Q 2021). Net loss: kr60.5m (loss widened 455% from 3Q 2021). Revenue is forecast to grow 59% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Electrical industry in Germany. Reported Earnings • Aug 19
Second quarter 2022 earnings released: kr0.12 loss per share (vs kr0.08 loss in 2Q 2021) Second quarter 2022 results: kr0.12 loss per share (down from kr0.08 loss in 2Q 2021). Revenue: kr12.4m (up 70% from 2Q 2021). Net loss: kr42.3m (loss widened 91% from 2Q 2021). Over the next year, revenue is forecast to grow 16%, compared to a 17% growth forecast for the Electrical industry in Germany. Annuncio • Aug 05
Hexicon AB (publ) (OM:HEXI) acquired an additional 10.2% stake in MunmuBaram Co Ltd. from Hexicon Korea Co., Ltd. Hexicon AB (publ) (OM:HEXI) acquired an additional 10.2% stake in MunmuBaram Co Ltd. from Hexicon Korea Co., Ltd. on August 3, 2022. As a result of the transaction, Hexicon AB (publ) now owns 20% stake in MunmuBaram Co Ltd.Hexicon AB (publ) (OM:HEXI) completed the acquisition of an additional 10.2% stake in MunmuBaram Co Ltd. from Hexicon Korea Co., Ltd. on August 3, 2022. Board Change • Jun 02
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. 1 highly experienced director. Independent Director Mats Jansson is the most experienced director on the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Annuncio • May 20
Hexicon AB (Publ) Appoints Theodore Paradise as Chief Policy and Legal Officer Hexicon AB (publ) continued to expand its North American presence as Theodore Paradise, Chief Policy and Legal Officer, and Darren McQuillan, Vice President Global Fabrication, join the company. Theodore Paradise, most recently at Anbaric, has a background in policy thought leadership, strategic project development, and deep regulatory expertise in the utilities industry. In his new role as Chief Policy and Legal Officer, he will focus on boosting brand recognition and market influence as well as establishing a technology leadership profile. His addition also strengthens Hexicon’s North American capabilities as a leader in project development. Annuncio • May 13
Hexicon AB (publ) Elects New Board Members Hexicon AB (publ) announced that at its annual general meeting held on May 12, 2022, elected Lars Martinsson and Hans von Uthmann as ordinary board members, and to new-elect Hans von Uthmann as chairman of the board. Reported Earnings • May 12
First quarter 2022 earnings released First quarter 2022 results: kr0.05 loss per share. Revenue: kr6.60m (down 44% from 1Q 2021). Net loss: kr17.9m (loss widened kr17.9m from 1Q 2021). Over the next year, revenue is forecast to grow 30%, compared to a 11% growth forecast for the industry in Germany. Annuncio • Apr 14
Hexicon AB (Publ) Announces Board Changes The Nomination Committee of Hexicon AB has submitted its proposals regarding election of the Board of Directors to Hexicon's Annual General Meeting on 12 May 2022. The Nomination Committee proposes new election of Hans von Uthmann and Lars Martinsson as board members and Hans von Uthmann to be elected as Chairman. Arne Almerfors, Peter Anker and Björn Segerblom have declined re-election. Hans von Uthmann has solid experience from leading positions in the energy sector as well as from listed companies. He has previously been President and CEO of AB Svenska Shell, EVP of Vattenfall AB and President and CEO of Duni AB, as well as Chairman of Falbygdens energi and ONE Nordic. Hans von Uthmann is currently Chairman of the Board of Netcontrol Group and a member of the Swedish Olympic Committee. Lars Martinsson has had a long career in the power industry among others and has previously worked for ABB as head of the Power Transformers business area, and in international roles for Alstom and Consolis. In recent years, he has been an advisor to primarily companies in cleantech, but also other startups via an incubator at KTH Royal Institute of Technology. Reported Earnings • Apr 12
Full year 2021 earnings released: kr0.16 loss per share (vs kr0.19 loss in FY 2020) Full year 2021 results: kr0.16 loss per share. Revenue: kr65.0m (up kr58.9m from FY 2020). Net loss: kr50.7m (loss widened 37% from FY 2020). Over the next year, revenue is forecast to grow 6.0%, compared to a 11% growth forecast for the industry in Germany. Breakeven Date Change • Apr 05
Forecast to breakeven in 2024 The analyst covering Hexicon expects the company to break even for the first time. New forecast suggests the company will make a profit of kr57.1m in 2024. Average annual earnings growth of 82% is required to achieve expected profit on schedule. Reported Earnings • Feb 24
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: kr0.14 loss per share (up from kr0.19 loss in FY 2020). Net loss: kr50.8m (loss widened 38% from FY 2020). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 163%, compared to a 15% growth forecast for the industry in Germany. Annuncio • Feb 10
Hexicon AB and Aker Offshore Wind Appoints Magnus Hallman as Chief Executive Officer of Freja Offshore AB Hexicon and Aker Offshore Wind have recruited Magnus Hallman as Chief Executive Officer (CEO) of Freja Offshore AB ("Freja Offshore"), the 50/50 joint venture (JV) established in 2021. Magnus Hallman joins Freja Offshore from Svenska Kraftnät Gasturbiner AB where he held the position of CEO. Kraftnät Gasturbiner AB, a gas and turbine facilities operator, is owned by Svenska Kraftnät, the Swedish transmission system operator (TSO). Mr. Hallman, a Swedish citizen, has extensive experience from executive management positions and board of directors' roles in several companies, including CBRE and Johnson Controls. His industry experience and know-how of the Swedish energy market will be invaluable to Freja Offshore as the company moves to realize offshore wind projects in Sweden. Breakeven Date Change • Jan 01
Forecast to breakeven in 2024 The analyst covering Hexicon expects the company to break even for the first time. New forecast suggests the company will make a profit of kr57.1m in 2024. Average annual earnings growth of 69% is required to achieve expected profit on schedule. Reported Earnings • Nov 18
Third quarter 2021 earnings released: kr0.03 loss per share Third quarter 2021 results: Net loss: kr10.9m (flat on 3Q 2020). Recent Insider Transactions • Jul 22
Head of Business Development recently sold €111k worth of stock On the 16th of July, Henrik Baltscheffsky sold around 380k shares on-market at roughly €0.29 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €81k more than they bought in the last 12 months.