Hexatronic moves up to Nasdaq's Mid Cap segment
20 Dec 2017
Hexatronic Group AB (publ) ("Hexatronic") will be moved to the Mid Cap segment on Nasdaq Stockholm on January 2, 2018.
Hexatronic was listed on the Small Cap segment on Nasdaq Stockholm on December 18, 2015. Since 2013 the annual sales growth has been above 30% with an average EBITDA-margin of approximately 10%. For the third quarter of 2017 the sales growth was 34% with an EBITDA-margin of 11,6%.
The change of segment is a result of Nasdaq´s annual review of the average market values within the Nordic market segments. The Mid Cap segment consists of companies with a market value between EUR 150 million and EUR 1 billion.
“We are happy and proud of our performance since the listing on Nasdaq Stockholm. We have made important progress and gained increased attention from both customers and investors. The number of shareholders and share liquidity have increased significantly and we are experiencing strong interest from institutional investors on a global level. By moving to Mid Cap, we get more visibility and better opportunities to create long-term contacts with the stock market.” says Henrik Larsson Lyon, Hexatronic’s Chief Executive Officer.
Gothenburg, December 20, 2017
Henrik Larsson Lyon
CEO Hexatronic Group
For more information, please contact:
• Henrik Larsson Lyon, CEO Hexatronic Group, +46 706 50 34 00
Hexatronic Group AB (publ) is a group that develops, markets and delivers products, components and system solutions with the main focus on the fiber optic market. Hexatronic offers a wide range of innovative system and product solutions mainly for passive fiber optic infrastructure with global trademarks like Ribbonet®, Micronet™, Drytech™, Lightmate®, FibreHub™, Matrix, Viper, Stingray and Wistom®. The Group has its headquarters in Gothenburg, Sweden and has sales offices and/or subsidiaries in Sweden, Norway, Finland, United Kingdom, China, New Zealand and the US. The Group is listed on Nasdaq Stockholm under the ticker HTRO. For more information, visit www.hexatronicgroup.com.