Q4 2019 Hexagon AB Earnings Call Transcript
Hello, and welcome to the Hexagon Q4 Report 2019. (Operator Instructions)
Today, I'm pleased to present Ola Rollén. Please go ahead with your meeting.
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Thank you, and good morning, good afternoon, everyone, and welcome to this Q4 2019 interim report call.
So if we start on Slide #4, overview of the fourth quarter 2019, we report an organic growth of minus 2%, but a recorded growth of plus 2%. And we had 2 strong winners in the quarter; PP&M, with 13% organic growth; and SI, that came back to a good 7% organic growth. Geosystems recorded minus 2% organic growth and was negatively impacted by a general slowdown in some construction markets. Manufacturing Intelligence recorded minus 8% growth on the back of a slowdown in automotive and general manufacturing in China. And one should also remember that it was a very strong finish for MI in the fourth quarter of 2018.
It's record earnings and margins this quarter.
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