Measurement technology company Hexagon has issued a profit warning ahead of the release of its Q2 interim report on 26 July. According to a press release this morning, Hexagon has seen weaker-than-expected growth in China in June.
Preliminary assessments indicate sales of approximately EUR 975 million in Q2, corresponding to organic growth of -1 per cent for the group.
Hexagon has booked a one-off charge of EUR 44 million in Q2 to reduce its global workforce by approximately 700 employees.
We are a small, but qualified team of graduates in politics, economics, English and classics dedicated to providing quality news digests in English that offer readers a first-hand look at the most important topics covered by the Swedish press. Here you will find a selection of the articles that are published in our Swedish Press Review.