Q2 2022 Hexagon AB Earnings Call Transcript
Hello and welcome to the Hexagon Q2 Report 2022. (Operator Instructions)
Today, I'm pleased to present Ola Rollen. Please go ahead with your meeting.
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Thank you and welcome, everyone, to this interim report earnings call for the second quarter of 2022. And if we turn to Slide #4, overview of the second quarter.
Recorded sales increased by 20%. Organic growth was 6%, and we saw continued strong business momentum. All divisions recorded growth. And we were still suffering from the strained components supply, which hampered growth by 6%. We're expecting a resolution of the supply chain pressure by the end of the year. In spite of that, we record a record gross margin at 65%, and our adjusted operating margin came in at 29.4%.
Now this is obviously a reminder, as always, on Slide 5. Q2 is a strong quarter, Q4 is our strongest quarter, and there is no reason to not expect this seasonality in profit over the quarters for '22 as well.
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