Hexicon has reported an operating loss of SEK 19.7m (€1.81m) for the first quarter of 2025.
This compares to a SEK 19.9m (€1.83m) loss for the same period last year.
During the report period, Hexicon’s Swedish joint venture Freja Offshore received a Natura 2000 permit for the 2.5GW Mareld offshore wind farm, planned off the west coast of Sweden.
A sale and purchase agreement was also signed with Ingka Investments and Oxan Energy to divest a 50% stake in the 2.5GW Sicily South and Sardinia Northwest Italian floating wind projects.
Hexicon CEO Marcus Thor said: “2025 has begun on a more positive note than what we experienced last year.
“We remain humble in the face of continued (market) volatility, yet we are encouraged by tangible signs of progress – a prime example being our divestment of two Italian projects to financially strong buyers, which signals a clear shift in our market confidence.”