OSLO, Norway, Aug. 14, 2025 /PRNewswire/ -- Hexagon Composites (OSE: HEX.OL), world leader in composite cylinder technology and related systems for storage and transportation of clean gaseous energy reported revenues of NOK 674 million for second quarter 2025 (Q2'24: 1 150 million). The reported EBITDA was NOK 12 million (Q2'24: NOK 137 million), resulting in a 2% EBITDA margin (Q2'24: 12%).

"After consecutive record years, our Mobile Pipeline segment has been significantly impacted by broader market uncertainty and capital investment delays, heavily affecting our revenue and EBITDA," said Philipp Schramm, CEO of Hexagon Composites. "Positively, despite the trucking and freight industries continuing their negative trend, our Fuel Systems segment delivered solid first half results due to strong demand in the refuse sector."

OSLO, Norway, Aug. 13, 2025 /PRNewswire/ -- Hexagon Agility, a business of Hexagon Composites, has received an inaugural order for Mobile Pipeline® modules from Watani, The National Advanced Natural Gas Company of Jordan. The Mobile Pipeline® ADR X-Store 45ft modules will enable Watani to safely and efficiently deliver compressed natural gas (CNG) and support Jordan's national energy strategy.

The order represents an estimated value of USD 6.9 million (approx. NOK 70 million).

"We are proud to take this important step with Hexagon Agility as we accelerate the delivery of clean, reliable energy across Jordan," said Khalil Abu Al-Rubb, Chairman of Jordan LNG, joint owner of Watani. "The Mobile Pipeline® solution is a natural fit for our ambitions because it offers the flexibility, safety, and efficiency we need to reach industrial zones and remote communities alike."

OSLO, Norway, Aug. 12, 2025 /PRNewswire/ -- Hexagon Agility, a business of Hexagon Composites and the world's leading provider of compressed natural gas (CNG/RNG) fuel systems, has received an order for fuel systems for 100 heavy-duty trucks to be operated by Trayecto, the largest trucking company in Mexico.

This deployment is a major milestone for the region and made possible through collaboration with Kenworth Mexicana. All of these new trucks will feature Cummins' X15N engine, coupled with Hexagon Agility's largest available onboard CNG fuel systems. This configuration for Trayecto will deliver the largest hauling capacity achieved to date by commercial CNG trucks.

OSLO, Norway, July 14, 2025 /PRNewswire/ -- Reference is made to the stock exchange release dated May 29, 2024, where Hexagon Composites ASA ("Hexagon") announced the acquisition of a 49% stake in Sustainable Energy Solutions ("SES"), a subsidiary of Worthington Enterprises, in connection with the sale of Hexagon Ragasco.

Today, Hexagon announces the full acquisition of the alternative fuels business of SES (hereinafter "SES Composites"), a transaction that will drive synergies and further strengthen Hexagon's European footprint.

OSLO, Norway, July 14, 2025 /PRNewswire/ -- Reference is made to the stock exchange release dated May 29, 2024, where Hexagon Composites ASA ("Hexagon") announced the acquisition of a 49% stake in Sustainable Energy Solutions ("SES"), a subsidiary of Worthington Enterprises, in connection with the sale of Hexagon Ragasco.

Today, Hexagon announces the full acquisition of the alternative fuels business of SES (hereinafter "SES Composites"), a transaction that will drive synergies and further strengthen Hexagon's European footprint.

OSLO, Norway, May 15, 2025 /PRNewswire/ -- Hexagon Composites (OSE: HEX.OL), world leader in composite cylinder technology and related systems for storage and transportation of clean gaseous energy reported revenues of NOK 912 million for first quarter 2025 (Q1'24: 945 million). The reported EBITDA was NOK 44 million (Q1'24: NOK 59 million), resulting in a 5% EBITDA margin (Q1'24: 6%). 

"Despite headwinds, we have delivered a steady performance in the first quarter," says Philipp Schramm, CEO of Hexagon Composites. "We are especially pleased to see the improvement year over year in our fuel systems business, which was largely driven by momentum in the refuse sector." 

OSLO, Norway, May 13, 2025 /PRNewswire/ -- Hexagon Agility, a subsidiary of Hexagon Composites ASA (OSE: HEX.OL) and the world's leading provider of natural gas (CNG/RNG) fuel systems, has over the past months received new orders for natural gas fuel systems installations on trucks powered by Cummins' X15N natural gas engine, designed specifically for the North American heavy-duty commercial truck market.

The new orders are valued at USD 4.3 million (approx. NOK 45 million) and include over 20 leading Class 8 fleets. This brings the total accumulated value of orders that Hexagon Agility has received for natural gas fuel systems for X15N powered trucks to USD 20 million, including the UPS order announced in May 2024 and orders announced in October 2024.

OSLO, Norway, April 30, 2025 /PRNewswire/ -- Hexagon Composites ASA's first quarter 2025 results will be released on 15 May 2025 at 07:00 am CET.

Philipp Schramm, CEO and David Bandele, CFO will present the results at 08:30 am the same morning.

The presentation will be held in the Auditorium at Hexagon's location in Oslo, Haakon VIIs gate 2, on the lower level. It will also be broadcasted live via: https://channel.royalcast.com/landingpage/hegnarmedia/20250515_6/ 

For further information:David Bandele, CFO, Hexagon Composites ASATelephone: +47 920 91 483 | david.bandele@hexagongroup.com  

OSLO, Norway, April 22, 2025 /PRNewswire/ -- Hexagon Agility and Hexagon Digital Wave, subsidiaries of Hexagon Composites, have received orders from a major refuse fleet in North America. The orders, representing an estimated value of USD 20.6 million (approx. NOK 213 million), span three major business segments within Hexagon Group:         

OSLO, Norway, April 14, 2025 /PRNewswire/ -- Hexagon Composite ASA has decided to initiate a buyback of up to 4 million of its own shares for an amount up to NOK 75 million. The buyback program may be carried out in the period from this announcement and until 31 May 2025. The purpose of the program is to fulfil the Company's obligations under its incentive programs and for general corporate purposes.Hexagon Composites has engaged a third party to carry out the share buybacks in the market. The third party will make its trading decisions independently of, and uninfluenced by the Company. The share buybacks will be made in accordance with the authorization granted to the Board of Directors by the Company's Annual General Meeting.Transactions will be conducted in accordance with the Market Abuse Regulation (EU) No 596/2014 ("MAR") and Commission Delegated Regulation (EU) No 2016/1052 ("Safe Harbour Regulation").Hexagon Composites holds 396 610 own shares as of the date of this announcement.For additional information:David Bandele, CFO, Hexagon Composites ASATelephone: +47 920 91 483 | david.bandele@hexagongroup.com