Hexagon Purus ASA: Results for the first quarter 2024 [Yahoo! Finance]
MITSUI & CO LTD ADR (MITSY)
US:NASDAQ Investor Relations:
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Source: Yahoo! Finance
EBITDA of NOK -97 million in the first quarter of 2024. This corresponds to an EBITDA margin of -24%, up from -46% in the first quarter of 2023; Issued convertible bond of approximately NOK 1,000 million following approval by an Extraordinary General Meeting (EGM) on 11 January 2024. Bond issue supported by Mitsui & Co., Ltd., Hy24 and Hexagon Composites; Construction of all new production facilities completed and extensive ramp-up activities across the new manufacturing footprint is ongoing; Segment financial reporting introduced from the first quarter of 2024; Exited the quarter with order backlog consisting of firm purchase orders of approximately NOK 1.2 billion, providing solid line-of-sight to full-year revenue ambitions. “We have just reported a record quarter for Hexagon Purus, keeping us well on track to meet our targets for 2024. At the same time, we continue our extensive ramp-up activities across the new manufacturing sites to deliver on customer commitments and
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