12.30
+4.41%
Close of 9 Nov 2026, in NOK
Search any instrument
Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.
About Hexagon Composites A
Its shares trade on Oslo Børs under the ticker HEX.OL. It has been listed since 1 January 1997. In the fiscal year to 31 December 2025, it reported revenue of NOK 2.95bn and a net loss of NOK 1.13bn. At that date it held total assets of NOK 5.29bn and shareholders' equity of NOK 2.67bn.
Hexagon Composites ASA engages in developing and commercializing competitive, innovative products and solutions. The company is headquartered in Alesund, More Og Romsdal. The Company’s activities are divided into three segments: The Hydrogen storage and transportation systems segment is engaged in the Hydrogen value chain, the High-pressure Cylinders for Compressed Natural Gas (CNG) and Compressed Hydrogen Gas (CHG) segment develops and manufactures composite high-pressure cylinders for gas transport, as well as fuel tanks for cars, buses and commercial vehicles; and the Low-pressure Cylinders for Liquified Petroleum Gas (LPG) segment focuses on barbecues, cooking and fuel tanks for fork-lift trucks, among others. In addition, the Company provides multiaxial knitted fiber reinforcements, which are applied to wind turbines and ships. The firm is a parent of a number of entities, such as Hexagon Ragasco AS, Hexagon Raufoss AS and Hexagon Technology AS.
Figures and description from our data supplier, not checked against the company's own report.
Company facts
- Sector
- Industrials
- Industry
- Machinery
- Listed since
- 1 Jan 1997
- Employees
- 1,011
- Website
- hexagon.no ↗
Leadership
Pay as last reported
- Mr. Knut FlakkChairman of the Board, since 2000NOK 735,000
- Dr. Philipp SchrammChief Executive Officer
- Ms. Kristine LandmarkIndependent Deputy Chairman of the BoardNOK 480,000
- Mr. David BandeleChief Financial OfficerNOK 6.8m
- Mr. Hans HavdalChief Operating Officer, since 2020NOK 7.6m
- Mr. Eric BippusChief Commercial Officer
- Mr. Eirik LohreChief Development OfficerNOK 5.1m
- Ms. Ashley RemillardChief Legal Officer, since 2023
- Ms. Eva SagemoDirectorNOK 275,000
- Mr. Takayuki TsunashimaDirector
- Mr. Sam GabbitaIndependent DirectorNOK 403,000
- Ms. Liv HovemIndependent DirectorNOK 394,000
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 78
- Environment
- 75
- Social
- 94
- Governance
- 65
- Direct emissions (scope 1)
- 2,637 t
- Energy emissions (scope 2)
- 5,701 t
- Value chain emissions (scope 3)
- 269,490 t
- Women in the workforce
- 21%
- Carbon reduction policy
- Yes
- Human rights policy
- Yes
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Advanced Technology:
- Hexagon Composites ASA has a strong advantage in the market due to its advanced technology, which allows them to produce innovative and high-quality composites.
- Strong Market Position:
- The company holds a strong market position and is recognized as a leading provider of composite pressure vessels, contributing to its competitive advantage.
- Diverse Product Portfolio:
- Hexagon Composites ASA offers a wide range of products, catering to various industries such as automotive, energy, and aerospace, providing stability and revenue diversification.
- Strong Financial Performance:
- The company has consistently shown strong financial performance, with steady revenue growth and profitability over the years.
Weaknesses
- Dependency on Key Customers:
- Hexagon Composites ASA relies heavily on a few key customers for a significant portion of its revenue, making them vulnerable if these relationships were to change or end.
- Limited Market Reach:
- The company's market reach is relatively limited geographically, which can restrict growth opportunities in regions where it currently has a weak presence.
- High Research and Development Costs:
- Hexagon Composites ASA invests heavily in research and development to maintain its technological edge, which can lead to high costs and impact profitability.
Opportunities
- Growing Demand for Sustainable Solutions:
- The increasing focus on sustainable solutions in industries such as transportation and energy presents an opportunity for Hexagon Composites ASA to expand its customer base.
- Emerging Markets:
- Entering emerging markets with growing demand for composites can offer Hexagon Composites ASA new avenues for revenue generation and market expansion.
- Industry Partnerships and Collaborations:
- Forming strategic alliances and collaborations with industry partners can enhance Hexagon Composites ASA's product development capabilities and access to new markets.
Threats
- Intense Competition:
- The market for composites is highly competitive, with the presence of established players and continuous technological advancements, posing a threat to Hexagon Composites ASA's market share.
- Regulatory Changes:
- Changes in regulations related to the use of composites, safety standards, or environmental regulations can impact the company's operations and increase compliance costs.
- Economic Uncertainty:
- Global economic fluctuations and uncertainties can affect the demand for Hexagon Composites ASA's products and potentially disrupt supply chains, posing risks to its financial performance.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.