Q4 2022 Hexagon Composites ASA Earnings Call Transcript
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Our revenue was NOK 1.3 billion, delivering an EBITDA of NOK 105 million. Input costs remain at inflated levels, and that continues to put pressure on margins in the Agility business. The margins have now been restored in the Ragasco business. That's very satisfactory. And entering 2023, we have good order books and good visibility in most parts of our business. So probably presenting that in 2022, we enabled the avoidance of 1.35 million tonnes of CO2 equivalents, that equals 280,000 petroleum cars off the road for a year, or saving 1.5 million acres of forest saved. So that is a meaningful impact.
If you look at the full-year financials, Hexagon, excluding Purus revenues of NOK 4.3 billion, up from NOK 3.3 billion last year and EBITDA of NOK 347 million. Purus business, really delivering almost NOK 1 billion in revenues. And keep in mind that 2 years ago or in 2020, it was at less than NOK 180 million. Still in the build-up phase. So the EBITDA is negative at NOK 406 million. So summing the 2
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