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INTERIM REPORT 1 JANUARY - 30 JUNE 2021 SECOND QUARTER ● ● ● HEXAGON ● Net sales increased by 20 per cent to 1,075.6 MEUR ( 896.6 ) . Using fixed exchange rates and a comparable group structure ( organic growth ) , net sales increased by 20 per cent Adjusted operating earnings ( EBIT1 ) increased by 33 per cent to 301.1 MEUR ( 226.5 ) Earnings before taxes , excluding adjustments , amounted to 294.3 MEUR ( 220.1 ) Net earnings , excluding adjustments , amounted to 241.4 MEUR ( 180.5 ) Earnings per share , excluding adjustments , amounted to 0.09 EUR ( 0.07 ) Operating cash flow increased to 275.4 MEUR ( 239.2 ) MEUR Net sales Adjusted gross earnings² ) Adjusted gross margin , % ² ) Adjusted operating earnings ( EBITDA ) ² ) Adjusted EBITDA margin , % ² ) Adjusted operating earnings ( EBIT1 ) ² ) Adjusted operating margin , % Earnings before taxes , excluding adjustments Adjustments ( before taxes ) ³ ) Earnings before taxes Net earnings Net earnings , excl . adjustments Earnings per share , EUR Earnings per share , excl . adjustments , EUR Q2 2021 1,075.6 692.8 64.4 402.8 37.4 301.1 28.0 294.3 -4.9 289.4 237.3 241.4 0.09 896.6 Q2 2020 A % 20 1 ) 550.7 26 61.4 3.0 362.6 11 40.4 -3.0 226.5 33 25.3 2.7 220.1 34 -135.0 n.a. 85.1 240 70.6 236 180.5 34 0.03 200 0.09 1 ) Adjusted to fixed exchange rates and a comparable group structure , i.e. organic growth . 2 ) For definition , see page 17 . 3 ) Adjustments in 2021 relate to a share programme ( LTIP ) . 0.07 29 6M 2021 2,053.5 1,322.0 64.4 769.5 37.5 559.0 27.2 544.6 -9.7 534.9 438.6 446.6 0.17 0.17 6M 2020 A % 1,786.5 15 1 ) 1,122.3 18 1.6 18 1.1 33 3.8 62.8 649.8 36.4 418.9 23.4 406.7 34 -135.0 n.a. 271.7 97 223.6 96 333.5 34 0.09 89 0.13 31 20 % ORGANIC GROWTH 28 % ADJUSTED OPERATING MARGIN 113 % CASH CONVERSION COMMENTS FROM THE CEO " The past quarter was Hexagons strongest ever , sales , operating earnings and margins are at an all - time high . We also report a solid cash conversion of 113 per cent . Continued high activities in the global construction and infrastructure markets coupled with increased demand for new solutions resulted in a stellar 31 per cent organic growth for Geosystems . Manufacturing in Europe and North America recovered while strong demand in China and the software portfolios continued , resulting in 24 per cent organic growth for Manufacturing Intelligence . The Safety and Infrastructure division recorded 2 per cent organic growth on the back of a tough comparison in public safety solutions and weakness in defence . The PPM division , hampered by the weakness in oil and gas , contracted organically by -4 per cent - although the operations and maintenance solutions and the AEC portfolio recorded double digit growth . As previously communicated , we expect PPM to gradually start growing again in the second half of the year . Our long - term strategy - to be a global leader in digital reality solutions , combining sensors , software and autonomous technologies - was reinforced when we signed an agreement to acquire Infor's EAM business in July . The acquisition will serve the entire company , providing opportunities to further expand within operations and maintenance and boost efficiency , productivity , quality and safety in buildings , infrastructure , utilities , energy , manufacturing and much more . " - Ola Rollén , President and CEO , Hexagon AB HEXAGON INTERIM REPORT 1 JANUARY - 30 JUNE 2021 1