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Hexagon AB (publ) (HXGBY) Q4 2025 Earnings Call Transcript

Hexagon AB (OTCPK:HXGBF) remains a 'BUY', driven by operational recovery and strong cash conversion. Recent divestitures, including Design & Engineering and the planned Octave spin-off, shift Hexagon toward greater cyclicality and hardware exposure. Forward organic growth is expected to normalize at 7–9%, below prior double-digit rates, with heightened volatility and risk due to structural changes.

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