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ANNUAL REPORT • HEXAGON OVERVIEW SHAREHOLDER INFORMATION • ANNUAL REPORT Contents Shareholder Information 1 Hexagon overview ANNUAL GENERAL MEETING 2010 DIVIDEND DISTRIBUTION POLICY The Annual General Meeting will be held on Tues- The Hexagon Board of Directors proposes a divi- The Hexagon Annual Report is sent to all share- 4 Letter from CEO Integrated day 10 May 2011 at 17:00 CET at Oscarsteatern, dend for the financial year 2010 of 1.40 SEK holders who have not informed the company 6 Strategies and targets Kungsgatan 63, Stockholm, Sweden. per share. that they do not wish to receive the Annual 10 Market overview Report. Hexagon’s Annual Reports from 1997 Our solutions are used for Shareholders who wish to participate at the The Board proposes 13 May 2011 as the record and forward are available at www.hexagon.se. 14 Customer offering – Geosystems measurement high-precision positioning and Annual General Meeting must be registered in the date for the payment of dividends. First day 18 Customer offering – Metrology inspection surveys of high-speed share register maintained by Euroclear Sweden of trade excluding right to dividend is 11 May ADDRESS railway sections between Beijing AB (formerly VPC AB) no later than 4 May 2011. 2011. Dividends should be in the possession of Hexagon AB 22 Customer offering – Technology and Tianjin in China. Notification of attendance should be made no shareholders by 18 May 2011, assuming that Registered Office: Stockholm, Sweden 28 R&D strategy and visualisation later than 12:00 CET on 5 May 2011. the Annual General Meeting approves the Board’s Corp. Reg. No. 556190-4771 32 Corporate Responsibility motion. 36 The Hexagon share Notification of attendance can be done by filling P. O. Box 3692 technologies out a form at Hexagon’s website or alternatively: FINANCIAL INFORMATION 2011 SE-103 59 Stockholm, Sweden 40 Corporate Governance Hexagon will issue financial information concern- Visiting address: Lilla Bantorget 15 The46 sculptedBoard Al of Hamra Directors Tower in Kuwait City is Hexagon empowers customers to create, manage and share information to • By post to Hexagon AB head office ing financial year 2011 on the following dates: Telephone +46 8 601 26 20 the48 tallestGroup building Management in Kuwait at 412 metres. • By e-mail to [email protected] Fax +46 8 601 26 21 It is built with Hexagon’s Core Wall Control increase productivity, improve quality and make better, faster operational • By telephone to +46 8 601 26 20 Annual General Meeting 2011 10 May 2011 E-mail [email protected] Survey System, specifically designed for decisions, by exploiting multi-dimensional data. • By fax to +46 8 601 26 21 Interim Report Q1 10 May 2011 www.hexagon.se super high-rise and iconic buildings. 50 Board of Directors’ Report Interim Report Q2 4 August 2011 61 Consolidated Income Statement To be eligible to participate in the Annual General Interim Report Q3 27 October 2011 Meeting, shareholders with nominee-registered Year-End Report 2011 February 2012 61 Consolidated Comprehensive Income holdings should temporarily register their shares Statement HEXAGON IN BRIEF in their own names through the agency of their Via Hexagon’s subscription service you can 62 Consolidated Balance Sheet Hexagon is a global, research-intensive Technological Attractive nominees so that they are recorded in the share subscribe to press releases and other financial measurement64 Changes inand Consolidated visualisation register in good time before 4 May 2011. information. Information is also available at technologyShareholders’ Group withEquity an extensive leadership customer mix www.hexagon.se and can be ordered via e-mail line65 ofConsolidated products and Cash services Flow Statement that Applications should state the shareholder’s name, [email protected] or telephone +46 8 601 26 27. Continual investment in research and develop- We have customers across nearly all industries spans customers and industries personal/corporate identity number, address and 66 Parent Company Income Statement ment is critical to Hexagon’s innovation of new throughout the world. Surveying, power and worldwide. telephone number. Shareholders wishing to be CAPITAL MARKETS DAY 2011 66 Parent Company Comprehensive technologies. Nearly 2 000 engineers, more energy, aerospace and defence, safety and represented by proxy should send a power-of- Hexagon’s Capital Markets Day 2011 is held Income Statement than 16 per cent of Hexagon’s employees, are security, construction, manufacturing industries HEXAGON’S MISSION attorney to Hexagon before the Annual General in connection to Hexagon’s international con- engaged in R&D. Hexagon has launched many etc. No individual customer represent more Hexagon66 Parent is dedicated Company Balance to delivering Sheet Meeting. ference, Hexagon 2011, 6-9 June at the award-winning innovations over the years and than 1.5 per cent of Group net sales. Hexagon Orlando World Center Marriott Resort in Orlando, ANNUAL REPORT 2010 REPORT ANNUAL superior67 Changes solutions in Parent to design, Company measure Hexagon AB is a Swedish public limited liability the patent portfolio consists of 2 100 patents. is a global leader in its market. Florida, USA. Area captured by a Leica ADS80 airborne digital sensor, and positionShareholders’ objects Equity and process and company with Corporate Registration Number present multi-dimensional data, 556190-4771. 67 Parent Company All values are expressed in Swedish kronor unless R&D STRATEGY SEE PAGE 28 MARKET OVERVIEW SEE PAGE 10 enablingCash customers Flow Statement to increase otherwise stated. Kronor is abbreviated to SEK that can be used for multiple purposes. For example to support topo-cadastre, productivity, improve quality and make and millions of kronor to MSEK. Figures in paren- We provide actionable 68 Accounting Policies theses refer to 2009 unless otherwise stated. better, faster operational decisions. Data on markets and competition represent 74 Notes Hexagon’s own assessments unless otherwise infrastructure, urban planning, 3D city modelling, environmental mapping stated. Assessments are based on most recent CUSTOMER92 Proposed BENEFITS Allocation of Earnings available facts from published sources. 1 Hexagon empowers customers to This report contains forward-looking state- NET SALES BY CUSTOMER GROUP 93 Audit Report improve processes and organise vast ments based on the Hexagon management’s as well as disaster management and emergency response. intelligence current expectations. Although management amounts of data into understandable considers expectations expressed in such fu- visual representations and actionable ture oriented information as reasonable, no as- 94 EUR accounting surance can be given that these expectations 24% intelligence. Surveying 96 Ten-year summary will prove correct. Consequently, actual future – through leading measurement and visualisation technologies Hexagon’s offerings support results can differ considerably from those Power and energy 18% decision-making98 History in a world demanding implied in the forward-looking statements as a result of factors such as changed conditions in Aerospace and defence 13% smarter use of resources. the economy, market and competition, changes 16% 100 Definitions in legal requirements and other political Safety and security 11% 101 Shareholder information measures, fluctuations in exchange rates and of the Construction 10% ANNUAL REPORT 2010 other factors. Automotive 9% employees Manufacturing 7% Other 8% are engaged NM O VIR EN N TA E L L IC A D 0 5 10 15 20 25 B Production: Hexagon AB in cooperation with Wildeco. Printing: TMG Sthlm, 2011. R E O Visiting address: Lilla Bantorget 15 L N P.O. Box 3692, SE-103 59 Stockholm, Sweden 1 Including Intergraph pro forma 2010. Photos of Board of Directors and Group Management: Gustav Kaiser. P in R&D R R Photos of products and operations: Hexagon’s subsidiaries, CyArk, Matton. IN TE Telephone +46 8 601 26 20, Fax +46 8 601 26 21 Excluding Other Operations. TED MAT 341 376 www.hexagon.se HEXAGON 2010 HEXAGON 2010 ANNUAL REPORT • HEXAGON OVERVIEW SHAREHOLDER INFORMATION • ANNUAL REPORT Contents Shareholder Information 1 Hexagon overview ANNUAL GENERAL MEETING 2010 DIVIDEND DISTRIBUTION POLICY The Annual General Meeting will be held on Tues- The Hexagon Board of Directors proposes a divi- The Hexagon Annual Report is sent to all share- 4 Letter from CEO Integrated day 10 May 2011 at 17:00 CET at Oscarsteatern, dend for the financial year 2010 of 1.40 SEK holders who have not informed the company 6 Strategies and targets Kungsgatan 63, Stockholm, Sweden. per share. that they do not wish to receive the Annual 10 Market overview Report. Hexagon’s Annual Reports from 1997 Our solutions are used for Shareholders who wish to participate at the The Board proposes 13 May 2011 as the record and forward are available at www.hexagon.se. 14 Customer offering – Geosystems measurement high-precision positioning and Annual General Meeting must be registered in the date for the payment of dividends. First day 18 Customer offering – Metrology inspection surveys of high-speed share register maintained by Euroclear Sweden of trade excluding right to dividend is 11 May ADDRESS railway sections between Beijing AB (formerly VPC AB) no later than 4 May 2011. 2011. Dividends should be in the possession of Hexagon AB 22 Customer offering – Technology and Tianjin in China. Notification of attendance should be made no shareholders by 18 May 2011, assuming that Registered Office: Stockholm, Sweden 28 R&D