Hexagon Composites, world leader in composite cylinder technology and related systems for storage and transportation of clean gaseous energy, reported revenues of NOK 627 million for second quarter 2026 (Q2’25: 674 million). The reported EBITDA was NOK 69 million (Q2’25: NOK 12 million), resulting in an 11% EBITDA margin (Q2’25: 2%).
“We have spent the first half of the year delivering on what we promised,” said Philipp Schramm, CEO of Hexagon Composites. “We delivered a significant step up in profitability, supported by our successfully completed cost reduction program. We are also seeing positive traction across our core segments, and secured our largest order to date, establishing Mobile Pipeline technology as a key solution to support power generation for data centers.”
For 2026, half year revenues were NOK 1 296 (1 586) million, mainly driven by strength in the Fuel Systems segment, partially offset by muted Mobile Pipeline activity ahead of an activity spike in the second half of the year. The half year EBITDA totaled NOK 126 (56) million, resulting in a 10% EBITDA margin (Q2’25: 4%).
Based on the progress delivered during the first half, the strengthening of Hexagon Composites’ financial position, and improving visibility in its key markets, it is raising its full-year EBITDA guidance from above NOK 200 million to around NOK 300 million.
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