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
    }
  }
}


hexicon-receives-important-approval-for-its-munmubaram-project

__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

Hexicon has announced that one of its key projects, MunmuBaram, has received approval of its Environmental Impact Assessment (EIA) from the South Korean authorities. We believe this news marks an important milestone for the MunmuBaram project, as approval is required to participate in South Korea's new wind power auction system. While we view the news positively as it supports our view that the project will continue to make positive progress towards FID, we are not making any changes to our estimates or valuation at this time. 

<p>Hexicon has announced that one of its key projects, MunmuBaram, has received approval of its Environmental Impact Assessment (EIA) from the South Korean authorities. We believe this news marks an important milestone for the MunmuBaram project, as approval is required to participate in South Korea&apos;s new wind power auction system. While we view the news positively as it supports our view that the project will continue to make positive progress towards FID, we are not making any changes to our estimates or valuation at this time.&#xa0;</p>
<p>The MunmuBaram project is the most significant for Hexicon. Located off the coast of South Korea, the project is on track to become one of the world&apos;s first commercial GW-scale floating offshore wind projects, with a total capacity of 1,125 MW. The project received its first electricity business license in late 2021 and now the project has also received approval for its EIA, which involved a comprehensive examination of potential environmental impacts on both offshore and onshore ecosystems, as well as socioeconomic factors. With the successful completion of the EIA, which is required to participate in the new wind power auction system in South Korea, the company is poised to move forward with the next phase of the MunmuBaram project.</p>
<h2>Developing towards FID</h2>
<p>We view this news positively, as it suggests that the project is progressing towards FID, which the company has previously indicated is expected by 2026. Hexicon is still working on establishing a long-term ownership structure for the MunmuBaram project, and we believe that reaching this significant milestone will help the company attract suitable partners, as this approval should be seen as a valuable asset by potential partners. Additionally, obtaining approval for its EIA, which has been a significant investment for the company, could enhance the value of the project for a potential divestment. However, it is important to note that Hexicon is still in the process of securing final regulatory approvals for the ownership change of the MunmuBaram project, which we still expect to occur in Q3/Q4&#x2019;24. Consequently, we still anticipate that any divestments will take place in early 2025.</p>

	2023	24e	25e
Revenue	5.7	3.0	384.7
growth-%	-50.64 %	-47.93 %	12,829.60 %
EBIT (adj.)	-180.3	-114.5	227.8
EBIT-% (adj.)	-3,155.99 %	-3,849.71 %	59.23 %
EPS (adj.)	-0.51	-0.48	0.45
Dividend	0.00	0.00	0.00
Dividend %
P/E (adj.)	-	-	0.36
EV/EBITDA	-	-	2.57

Hexicon receives important approval for its MunmuBaram project

Developing towards FID

Hexicon

Key Estimate Figures22.08

Developing towards FID

Hexicon

Key Estimate Figures22.08

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