Hexagon Composites ASA 2017 AR2
The report highlights Hexagon Composites' performance in 2017, focusing on the integration of new business combinations and opportunities in cleaner energy. The company achieved record operating income of NOK 1,429.4 million, driven by a 30% revenue growth in the Low-Pressure LPG segment and exceptional growth in the Hydrogen business. Key milestones included launching Hyon AS, a joint venture for maritime hydrogen solutions, and securing a major development contract for hydrogen cylinders for new fuel cell electric vehicle models. Hexagon also introduced an innovative requalification testing program for Mobile Pipeline modules using Modal Acoustic Emission technology.
Company: Hexagon Composites ASA
Sector: Manufacturing
Country: Norway
Year: 2017
Type: AR2
Pages: 138
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Hexagon Composites ASA
Annual Report
The report highlights Hexagon Composites' performance in 2017, focusing on the integration of new business combinations and opportunities in cleaner energy. The company achieved record operating income of NOK 1,429.4 million, driven by a 30% revenue growth in the Low-Pressure LPG segment and exceptional growth in the Hydrogen business. Key milestones included launching Hyon AS, a joint venture for maritime hydrogen solutions, and securing a major development contract for hydrogen cylinders for new fuel cell electric vehicle models. Hexagon also introduced an innovative requalification testing program for Mobile Pipeline modules using Modal Acoustic Emission technology.
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Document Details
Report Year
2017
Reporting Period
Jan 1, 2017 - Dec 31, 2017
Fiscal Year
2017
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Women on Board
Employees