Strong year for Hexagon Purus as the company embarks on its 5-year growth strategy
By Luke Willetts - 4th July 2025
Norway – Last year T&BB spoke to Morten Holum, the President and CEO of Hexagon Purus ASA, headquartered in Oslo, who outlined the company’s five-year growth plan. Hexagon Purus has delivered a year of solid operational progress and a healthy set of 2024 financial results following a year of accelerated top-line growth achieved through strategic adjustments outlined in our original feature piece. Total revenue for FY 2024 reached NOK 1,876 million, marking a 42% increase compared to 2023. However, this fell short of internal projections of at least 50% growth, primarily due to delayed customer deliveries and some orders slipping into 2025.
While the company achieved strong year-on-year improvements in operating performance, EBITDA remained negative at NOK -353 million for the year, though the margin improved from NOK -445 million in 2023.
