Hexagon Composites ASA (HXGCF) Q2 2026 Earnings Call Transcript

SA Transcripts 161.56K Followers Follow Hexagon Composites ASA ( HXGCF ) Q2 2026 Earnings Call August 6, 2026 2:30 AM EDT Company Participants Philipp Schramm - Chief Executive Officer Eirik Lohre - Chief Financial Officer Berit-Cathrin Hoyvik - Senior Director of Communications Presentation Operator Good morning, everyone, and welcome to Hexagon Composites Second Quarter Presentation for 2026. My name is Berit-Cathrin Hoyvik, and I'll be moderating today's presentation. Joining me in the studio today is our CEO, Philipp Schramm; and CFO, Eirik Lohre. They will take you through a company update, financials and outlook before we wrap up with the Q&A session. a reminder that you may submit questions on your screen at any point during the presentation. And with that, I'll hand over to Philipp. Philipp Schramm Chief Executive Officer Thank you. Good morning, everyone, and thank you for joining us today for our Q2 2026 earnings call. Let me start with the headlines. I can proudly describe this quarter as a turning point for Hexagon Composites. Over the last year, we've been focused on improving our resilience, strengthening our balance sheet, lowering our breakeven point and positioning the company for the next phase of growth. This quarter, we saw the results of some of these actions materializing, building on the improvement we have delivered in Q1. We are now fundamentally moving from a defense position into an offense position. The progress we delivered is visible across 4 important developments. First, we have successfully completed the cost reduction program that we launched during 2025. When we initiated this program, we committed to reducing costs while retaining the capacity required to scale up as markets rebound. We have delivered on those commitments. Second, we have strengthened our balance sheet through a NOK 650 million equity raise and significantly improved our financial flexibility. Third, our Mobile Pipeline business signed the