February 5, 2020 / 7:15 AM / in 17 days

Hexagon Q4 core profit tops forecast

STOCKHOLM, Feb 5 (Reuters) - Industrial technology group Hexagon on Wednesday reported quarterly core earnings ahead of market forecasts even as weak demand in China and a slowdown in some construction markets weighed on growth.

Fourth-quarter adjusted operating earnings at the Swedish group rose to 277 million euros ($305.72 million), up from 271 million in the year-earlier quarter, and ahead of the 270 million mean analyst forecast in a Refinitiv poll.

Organic sales fell 2% in the quarter. ($1 = 0.9060 euros) (Reporting by Johannes Hellstrom)

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