Annual Report 2009

Highlights 2009

• Hexagon's net sales, excluding Hexpol, amounted to 11 811 MSEK (13 060), the equivalent of a 19 per cent organic reduction. The market for measurement technologies decreased by 25 per cent during 2009.
• During the year, Hexagon's exposure to emerging markets increased from 28 to 33 per cent of sales. China is the fastest-growing market, now accounting for 17 per cent of net sales (13).
• Hexagon carried out a restructuring program that led to approximately 900 MSEK in annual cost reductions. Of these savings, 500–600 MSEK are of structural character, thereby contributing to the Group's long-term operating margin targets. Restructuring costs in 2009 had a negative effect of 184 MSEK (100) on the operating earnings.
• Operating earnings amounted to 1 600 MSEK (2 448). Excluding Hexpol and non-recurring items, operating earnings amounted to 1 784 MSEK (2 405).
• Capital rationalisations contributed to an improvement in cash flow from operations by 860 MSEK, to 1 610 MSEK.
• The Hexagon Board of Directors proposes a dividend to shareholders of 1.20 SEK (0.50) per share, amounting to 25 per cent of net profits.