Hexatronic shares plunge as weak fiber segment weighs on Q2

** Shares of the Swedish engineering group Hexatronic HTRO tumble more than 26% after it released lower-than-expected Q2 results

** Hexatronic's Fiber Solutions segment saw sales and EBITA fall short of expectations, mainly due to lower demand for fiber-to-the-home equipment and pricing pressures amid industry-wide overcapacity

** "Fiber Solutions weakening in a seasonally strong quarter makes us question our previous strong conviction about a market rebound no later than 2026," a Redeye analyst says

** The analyst notes that while relevant U.S. peers have not yet reported Q2 results, most were optimistic after Q1, which raises questions whether the unit's weakness is market or company-related

** The shares are on track for their worst day since November 2023 if the losses hold

** The stock is at the bottom of Stockholm's all-share index (.OMXSPI), which is down 0.18%