Presentation

Hexagon Purus is a Norway headquartered global leader in key technologies needed for zero emission mobility, providing type 4 high-pressure cylinders, fuel storage and distribution systems for hydrogen, complete vehicle systems and battery packs for fuel cell electric and battery electric vehicles (FCEV and BEV).

The company was carved out of Hexagon Composites and separately listed on Euronext Growth Oslo in 2020. Thus, it leverages six decades of Hexagon heritage in its operations.

Hexagon Purus targets NOK 4-5bn in 2025 revenue, up from NOK 900m in 2022E, reaching EBITDA break even in the same year. Long-term it targets steady state EBITDA margins of ~15%.