Hexagon Annual Report 2019

13 2019 AT A GLANCE FROM THE BOARD ROOM FINANCIAL STATEMENTS This is Hexagon Composites Hexagon delivers safe and innovative solutions for a cleaner energy future. Our solutions enable storage, transport and conversion to clean energy in a wide range of mobility, industrial and consumer applications. Preparing for a net-zero carbon economy depends on the most effective, innovative and reliable solutions. Hexagon’s clean energy offerings have the unique properties of being lightweight, having high capacity, long lifetime and an outstanding safety track record. Hexagon collaborates with leading gas distributors, vehicle manufacturers and system and component sup- pliers in order to be at the forefront of its industry. Our ambition is to create value for customers, shareholders and the community by delivering innovative and cost- effective solutions through sustainable business practices. The Group is divided into four business areas; Agility Fuel Solutions, Hexagon Purus, Hexagon Mobile Pipeline and Hexagon Ragasco. Production of its composite pressure cylinders and fuel systems are carried out in modern, automated plants in Norway, Germany, Canada and the U.S. Hexagon Composites ASA is listed on the Oslo Stock Exchange (OSE:HEX) and is subject to Norwegian securities legislation and stock exchange regulations. Having made significant strategic moves the past years, Hexagon’s priority in 2020 is to further develop its g-mobility and e-mobility offerings. Hexagon will continue to invest in innovation at all levels of the organization, ensuring that our company remains at the forefront of the transition to cleaner fuels, supporting Hexagon’s vision of Clean Air Everywhere . Hexagon’s objective is to deliver shareholder value through sustainable growth and healthy profitability by pursuing opportunities through the global energy transition. OUR BUSINESS AREAS Medium and Heavy-Duty Vehicles Agility Fuel Solutions Gas Transportation Hexagon Mobile Pipeline LPG Cylinders Hexagon Ragasco Hydrogen applications, CNG Light-Duty Vehicles and battery electric drivetrain Hexagon Purus