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Hexagon Purus Q1 revenue rises 76% with key divestments and cost cuts

Company Fundamentals
12 May 2026
Seeking Alpha
View Source
Bullish
pluang ai news

Hexagon Purus reported a 76% year-over-year revenue increase to NOK 405 million in Q1 2026, driven by one-off transaction gains and a 29% rise in underlying revenue. The company reduced costs through workforce cuts and completed the sale of its U.S. Aerospace business to SpaceX. Additionally, Hexagon Purus secured financing for its China joint venture with CIMC Enric, signaling strategic moves to strengthen its market position amid changing conditions.

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