Revenue for the second quarter settled at NOK 627 million, down from NOK 674 million during the same period last year. Despite the top-line dip, EBITDA surged to NOK 69 million compared to just NOK 12 million in 2025. CEO Philipp Schramm attributed the improved performance to a completed cost-reduction program and rising demand for Mobile Pipeline technology, which is increasingly utilized to power data centers.
Hexagon Composites Ups EBITDA Guidance Following Profitability Gains
Hexagon Composites has raised its full-year EBITDA guidance to approximately NOK 300 million, signaling a sharp recovery in profitability for the Norwegian clean energy storage firm. The company reported a significant margin jump to 11% in the second quarter of 2026, driven by aggressive cost-cutting measures and new contract wins.
For the first half of 2026, total revenue reached NOK 1.296 billion, with EBITDA reaching NOK 126 million. While the company saw muted activity in its Mobile Pipeline segment earlier this year, management expects an activity spike throughout the second half. CFO Eirik Løhre and Schramm are scheduled to discuss these results during a virtual presentation at 08:30 CEST today.
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