Industrial tech group Hexagon flags positive momentum

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Industrial tech group Hexagon flags positive momentum
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STOCKHOLM : Industrial technology group Hexagon on Tuesday proposed a 9 per cent increase to its dividend, with the Swedish company's new CEO flagging 'good momentum' going into 2023.The maker of measurement and positioning systems and software had released fourth-quarter earnings on Monday after informat

STOCKHOLM : Industrial technology group Hexagon on Tuesday proposed a 9 per cent increase to its dividend, with the Swedish company's new CEO flagging"good momentum" going into 2023.

Hexagon said on Monday that it had discovered an isolated event of unauthorised access on one email account containing information related to the results. It said operations had not been affected by the incident, which has been fully resolved, and found no evidence that confidential information was taken.

"While component supply constraints continued, the negative impact in the quarter was small and we consider the situation largely resolved moving forward," new Chief Executive Paolo Guglielmini said on Tuesday in the company's full quarterly earnings report.

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