Hexatronic Group AB (publ) HTRO
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The news check keeps the assessment current.
General analysis — not personal advice.
Consider adding gradually (e.g., 2–3 tranches) rather than all at once after the post-earnings spike. Key watch items: (1) whether ~10% EBITA margin can be sustained in Q3, (2) continued improvement in European Fiber Solutions, and (3) no deterioration in the order book.
Q2 results showing organic growth and margin expansion together with continued strength in data centers and defense support the add signal.
Sentiment remains positive following the leadership adjustment that sharpens focus on Fiber Solutions and the CEO's insider purchase.
BUY is the call. Positive is the market mood. Medium risk means some things can go wrong.
Latest change
- 16 Jul 2026 — Q2 delivered revenue of 2,245 MSEK (+18% YoY), organic growth +11% and adj. EBITA of 224 MSEK (+33%) with a 10.0% margin. Management indicated Q3 should be in line with the strong Q2 and an order book of ~4 months of…
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Show all changes (7) — follow the company freeAbout the company
Hexatronic designs, manufactures, and delivers fiber-optic cables, micro-duct systems, passive network components, and installation/project services. The company is pivoting from traditional FTTH toward faster-growing segments such as Data Center and Harsh Environment. Profitability has been pressured, but cash generation has been strong and leverage has been reduced.
Bull case
Q2 performance and expansion in data centers and defense support profitable growth.
Bear case
Uncertainty around margin sustainability and acquisition integration risks may create volatility.
Why this signal
Q2 results showing organic growth and margin expansion together with continued strength in data centers and defense support the add signal.
Recent news
On 1 September Hexatronic announced that CFO Pernilla Lindén will become President Fiber Solutions from 1 November 2026, while an external search for a new CFO has begun. CEO Rikard Fröberg bought 45 000 shares for approximately SEK 1.9 million in late September.