Hexagon slides as growth, profit miss company-provided consensus
** Hexagon HEXAb.ST shares are down 3.4% after the Swedish industrial technology group delivered a lower profit than seen in the company-providedconsensus, and said it saw a continued mixed demand environment
** It posted adj. EBIT of EUR 376.5 mln ($403.87 mln), nearly 4.5% below the consensus of EUR 394 mln
** J.P.Morgan says organic growth was also below expectations, while the free cash flow was stronger
** "It is likely that the immediate demand environment will remain mixed," the company said, commenting onthe trends it started observinglast year and in Q1
**Hexagon referred to weaker demand in the construction sector in both Europe and China and a gradual continuation of the broader economic slowdown
** The stock is on track for its worst day since October 2023, when it closed 4.8% lower
($1 = 0.9322 euros)
Reporting by Agata Rybska
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