Did the company provide guidance for Q3, full‑year 2025, or FY2026, and how does it compare to market expectations?

Guidance:

Hexagon Composites did not issue any forward‑looking guidance for the third quarter of 2025, the full‑year 2025 results, or the FY 2026 outlook in its Q2 2025 release. The statement is limited to reporting a Q2 revenue of NOK 674 million versus NOK 1,150 million a year earlier, with no accompanying forecasts for the coming quarters or the next fiscal year.

Market expectations vs. reality:

Analysts and the broader market had been looking for a “re‑run” of the strong 2024 performance—particularly a return to the >NOK 1 billion quarterly revenue level that underpinned the prior bullish sentiment. The absence of guidance therefore left the consensus view un‑anchored; the prevailing expectation of a rebound in sales now appears over‑optimistic. In the days after the release, the market has priced in a discount to the stock, reflected in the –55 sentiment score, as investors price in the heightened uncertainty and the likelihood that Q2’s 40 % drop may persist without a clear recovery path.

Trading implications:

- Short‑term bias: The lack of guidance, combined with the steep Q2 revenue decline, suggests continued downside pressure. A short‑position or a defensive stance (e.g., buying put options or reducing exposure) is warranted until the company signals a concrete turnaround.

- Medium‑term view: If Hexagon later provides a credible FY 2025 or FY 2026 outlook that exceeds the current market consensus, the stock could experience a sharp bounce. Watch for any follow‑up communications (press releases, investor calls, or a Q3 update) that might reset expectations. Until then, the risk‑reward profile remains tilted toward the downside.