Annual Report 2022
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Annual Report

Table of contents Meet Hexagon Business overview Letter from the President and CEO Financial plan Other targets Board of Directors’ report Corporate governance report Letter from the Chair of the Board Group Management Managing risks Consolidated income statement Consolidated statement of comprehensive income Consolidated balance sheet Consolidated statement of changes in equity Consolidated statement of cash flows Parent company income statement About this report The audited annual accounts and consolidated accounts can be found on pages 14–20 and 34–74. The corporate governance report...

We find ourselves at a point in history where we must do something that was never before possible: to achieve and sustain economic growth, prosperity and safety while we reverse the course of overconsumption, inefficiency and waste.” – Paolo Guglielmini Meet Hexagon Empowering an autonomous, sustainable future Hexagon is a global technology innovation leader, delivering digital reality solutions to make factories, farms and mines more productive; cities and nations safer; industrial facilities more efficient; and construction projects more profitable. Our sensor, software and autonomous...

Business overview Geospatial Enterprise Solutions Geospatial Enterprise Solutions (GES) includes a worldleading portfolio of reality-capture sensors — from laser scanners, airborne cameras and unmanned aerial vehicles (UAV) to monitoring equipment, mobile mapping technologies and precise positioning. The sensors are Autonomy & Positioning complemented by software to create 3D maps and models, which are used for decision-making in a range of software applications, covering areas such as surveying, construction, public safety, mining and agriculture. Safety, Infrastructure & Geospatial...

Breaking industry free from inertia The rich opportunities for the post-CO2 Generation For decades, industry rode a steep growth curve, fuelled by innovation and cheap fossil fuels. Today, we’re experiencing the consequences of that approach—businessas-usual has led to rampant waste and catastrophic environmental impacts. Hexagon is leading a new hypergrowth curve to address the fundamental sustainability challenges of our day: enabling data-driven “autonomous enterprises” that transform the CO2 Generation to the Sustainable Generation. CO2 emissions have nearly doubled in the past 30...

Shaping innovation Making the impossible possible: profitable sustainability at scale Tech companies play an active role in helping achieve net-zero emissions and other sustainability initiatives. Industry’s impossible task is to do well and do good simultaneously. While innovation has enabled industry to drive digital transformation, in the coming years we must deliver beyond the balance sheet to create value and sustainability at scale. The core technologies that matter What matters most to compete in today’s world? Growth and profitability? Efficiency? Productivity? Quality? Safety?...

Location intelligence Design and simulation technologies help solve real-world problems safely and efficiently – enabling the digital creation and exploration of what could be. The ability to model and simulate millions of real-world scenarios means we can predict failure and success before they occur. Complete line of sight to dynamic situations – at any time and from any location – is indispensable to decision-making for all mission-critical applications. The ability to instantly gain insight from complex data relationships leads to bigpicture understanding and proactive problem-solving....

Beyond the digital twin: the Smart Digital Reality™ The sum of Hexagon’s core technology competencies frees customers to use data to its greatest potential, where they can create and maintain a digital reality that evolves with change – the Smart Digital Reality. Like digital twins, digital realities are built to represent anything – from human organs to entire cities. They have proven to be invaluable in reinventing industry, with infinite application. However, they can be limited by the accessibility, accuracy, integrity and completeness of the data that informs them; the same data that...

The fast track to Smart Digital Realities: Platforms Smart Digital Realities are revolutionary, but how easy are they to implement? Solutions and stakeholders must be linked if they are to share data and information in real time. Smart Digital Realities require a digital infrastructure that enables essential lines of communication between data, teams and technologies to deliver actionable insights within any business context. Hexagon’s portfolio includes a proprietary and disruptive technology platform named Xalt, and several domain-specific solution platforms that enable such...

Letter from the President and CEO The year of eight billion We just experienced the year of eight billion. While it would have been nice to announce that number as Hexagon’s 2022 revenue, I’m talking about the moment the world’s population exceeded eight billion on 14 November 2022. To put this in perspective, since I stepped into my role as Hexagon’s President and CEO in 2000, the world’s population has grown by roughly two billion. That means in just 20 years, we’ve added more than the combined population of China and the United States. What’s more alarming is we’ve doubled the number of...

We believe the world’s sustainable transformation depends on the insights reality capture technologies empower.” Hexagon Annual Report 2022

Constructing a sustainable future As digital twins become more commonplace across job sites, real-time and autonomous capabilities are increasingly vital to saving time and overcoming asset information challenges. We strengthened our ability to intelligently power the construction industry with AVVIR, a provider of automated construction verification and progress monitoring, and iConstruct, makers of construction automation solutions. AVVIR’s BIM-based, AI-powered technology stack added an easy-to-deploy solution for combing the wealth of design and construction information held within...