Hexatronic's profit plummeted due to Fiber Solutions weakness

di.se (Swedish)

Fiber optic cable company Hexatronic issued a profit warning for the second quarter, citing weaker profitability in its largest business segment, Fiber Solutions. The company anticipates a 24% drop in earnings before interest, taxes, depreciation, and amortization (EBITA), from 222 to 169 million SEK. This decline is attributed to reduced demand for fiber-to-the-home equipment and increased price competition. While Fiber Solutions struggles, Hexatronic's Data Center and Harsh Environment segments showed growth. The company plans a program to improve Fiber Solutions' profitability, with details expected in September.


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Hexatronic's profit plummeted due to Fiber Solutions weakness | News Minimalist