Hexagon AB (HEXA-B.ST), a Swedish software company, on Wednesday reported a decline in net profit for the first quarter, amidst persisting geopolitical uncertainties. However, the company recorded a rise in revenue.
For the three-month period to March 31, the company firm registered a net profit of 189.1 million euros, or 7 cents per share, less than 237.8 million euros, or 8.8 cents per share, recorded for the same period last year. Earnings before taxes stood at 233.9 million euros as against the prior year's 293.2 million euros.
Operating earnings slipped to 267.2 million euros from 335.9 million euros in 2024. Sales improved to 1.322 billion euros from 1.299 billion euros a year ago.
Looking ahead, Norbert Hanke, interim CEO of Hexagon AB, said: "We have seen a stabilisation of demand early in the second quarter, but the overall outlook remains uncertain. We are closely monitoring the current trends in end markets and adjusting the group accordingly."
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