contentSlug

type

ContentSlug_ContentQuery

slug

ContentPageContentQuery

content

trendingContent

query ContentSlug_ContentQuery(
  $contentSlug: String!
  $type: [ContentType!]
) {
  ...ContentPageContentQuery_13QmVO
}

fragment CompanyDetails_Content on Content {
  __isContent: __typename
  companies {
    name
    description
    pageUrl
    id
  }
}

fragment CompanyTagList on Company {
  pageUrl
  name
  viewerIsFollowing
}

fragment ContentBasicInfo on Content {
  __isContent: __typename
  id
  type
  title
  lang
  companies {
    ...CompanyTagList
    id
  }
  ...PublishingDetails
  ...Reactions
}

fragment ContentMetadata on Content {
  __isContent: __typename
  type
  title
  lang
  availableLanguages
  pageUrl
  imgUrl
  description
  ... on Video {
    liveTime
    videoUrl
  }
  ... on Webcast {
    liveTime
    videoUrl
  }
}

fragment ContentPageContentQuery_13QmVO on Query {
  content(slug: $contentSlug, type: $type) {
    __typename
    id
    type
    title
    isPremium
    lang
    htmlBody
    companies {
      forum {
        latestPosts {
          ...ForumPosts
        }
      }
      defaultInstrument {
        isin
        id
      }
      id
    }
    slug
    ... on CompanyReport {
      reportUrl
    }
    ... on ThirdPartyCompanyReport {
      reportUrl
    }
    ... on StockExchangeRelease {
      reportUrl
    }
    ...ContentBasicInfo
    ...ContentMetadata
    ...PriceAndRecommendation_Content
    ...CompanyDetails_Content
    ...ReportLink_Content
    ...KeyFigures_Content
  }
  ...TrendingContent_1jQ2Cn
}

fragment ForumPosts on ForumPost {
  text
  likesCount
  url
  author
  postedAt
  authorImgUrl
}

fragment KeyFigures_Content on Content {
  __isContent: __typename
  companies {
    defaultInstrument {
      estimateData {
        modelType
        reportingCurrency
      }
      snapshot {
        transaction {
          date
          actualized {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
          }
        }
      }
      id
    }
    id
  }
}

fragment PriceAndRecommendation_Content on Content {
  __isContent: __typename
  createdAt
  companies {
    id
    name
    viewerIsFollowing
    defaultInstrument {
      snapshot {
        priceData {
          date
          lastPrice
          tradeCurrency
        }
        transaction {
          date
          recommendation
          targetPrice
        }
        prevTransaction {
          recommendation
        }
      }
      id
    }
  }
}

fragment PublishingDetails on Content {
  __isContent: __typename
  createdAt
  publishers {
    name
    imgUrl
  }
  authors {
    __typename
    id
    name
    slug
    imgUrl
    jobTitle
  }
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
}

fragment Reactions on Content {
  __isContent: __typename
  id
  reactionGroups {
    reactionType
    reactionsCount
    viewerReacted
  }
}

fragment ReportLink_Content on Content {
  __isContent: __typename
  type
  isPremium
  ... on CompanyReport {
    reportUrl
  }
  ... on ThirdPartyCompanyReport {
    reportUrl
  }
  ... on StockExchangeRelease {
    reportUrl
  }
}

fragment TrendingContent_1jQ2Cn on Query {
  trendingContent(type: ARTICLE) {
    __typename
    id
    title
    lang
    pageUrl
    createdAt
    type
    imgUrl
    companies {
      squareLogoUrl
      id
    }
    authors {
      __typename
      imgUrl
      id
    }
    publishers {
      imgUrl
    }
  }
}


extending-credit-facility-until-the-end-of-the-current-year

__typename

title

isPremium

lang

htmlBody

companies

createdAt

publishers

authors

reactionGroups

availableLanguages

pageUrl

imgUrl

description

Analyst

Lucas Mattsson

Hexicon is a project developer in floating wind that opens up new markets in countries with deep water. The company is also a technology supplier with TwinWind, a patented floating wind design. The technology enables increased use of global wind power and can thus contribute to increased access to renewable energy. Hexicon operates in several markets in Europe, Africa, Asia and North America.

Hexicon

Today, Hexicon announced an extension of the repayment and accrued interest on its current 75 MSEK credit facility until the end of 2024. While we view the news as positive, providing the company with greater flexibility regarding the timing of the important MunmuBaram divestment, we are not making any changes to our estimates or recommendation.

<p>Today, Hexicon announced an extension of the repayment and accrued interest on its current 75 MSEK credit facility until the end of 2024. While we view the news as positive, providing the company with greater flexibility regarding the timing of the important MunmuBaram divestment, we are not making any changes to our estimates or recommendation.</p>
<p>The credit facility, totaling 75 MSEK, was originally established on July 14, 2023, with &#x201c;Wallstreet Aktiebolag,&#x201d; a company within the Wallenius Group. The extension postpones the repayment date from July 12 to December 31, 2024, under the same terms, including the interest rate. However, the extension includes an added layer of security through the inclusion of Hexicon&apos;s project portfolio. As of the end of 2023, 20 MSEK of this facility had been utilized.</p>
<h2>Extended credit facility provides more flexibility</h2>
<p>We view the news as positive because the extended credit facility can be used to strengthen the company&apos;s working capital and enable Hexicon to continue developing its project portfolio. Furthermore, we believe that the deferred repayment of the loan provides the company with more flexibility to find the right time to divest the important MunmuBaram project. However, as the loan repayment and accrued interest are still due by the end of the current year and we still believe that the company will need additional financing, we do not make any changes to our estimates or recommendation.</p>
<p>In the bigger picture, we believe that Hexicon&#x2019;s investment story and growth to cash flow neutrality hinges on the successful development and divestments of the project portfolio. Hexicon has invested heavily in securing and advancing 12 active projects, 3 of which are already in the late stage. The company&#x2019;s focus is now on starting divesting parts of its project portfolio, which should generate a significant amount of revenue and is reflected in our estimates provided in the latest updated report. On the other hand, project divestments are subject to several uncertain factors, and we believe that the timing of divestments and the deal structure will be critical factors in determining Hexicon&#x2019;s future capital needs.</p>

	2023	24e	25e
Revenue	5.7	78.1	451.5
growth-%	-50.64 %	1,266.11 %	478.41 %
EBIT (adj.)	-180.3	-87.2	270.7
EBIT-% (adj.)	-3,155.99 %	-111.65 %	59.95 %
EPS (adj.)	-0.51	-0.37	0.58
Dividend	0.00	0.00	0.00
Dividend %
P/E (adj.)	-	-	0.29
EV/EBITDA	-	-	2.00

Extending credit facility until the end of the current year

Extended credit facility provides more flexibility

Hexicon

Key Estimate Figures30.05

Extended credit facility provides more flexibility

Hexicon

Key Estimate Figures30.05

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