HydrogenPro ASA - Delivering positive EBITDA in Q4 2023
Achievements and highlights of the quarter:
- Revenues for the quarter of
NOK 127 million andNOK 568 million year to date. For 2023 as a whole that represents a 10x increase on 2022. - Gross Profit of
NOK 56 mill (44% margin) and Adj. EBITDA ofNOK 12 mill (10% margin) - Received firm 100 MW Purchase Order from ANDRITZ for 18 cell stacks
- Completed manufacturing and delivery of 220MW to the ACES project
- Strengthened organisation with
Jeff Spethmann to lead North American operations
Financials (Q3 2023 numbers in brackets):
- Revenues
NOK 127 million (NOK 220 million ) - Gross profit
NOK 56 million /44% gross margin (NOK 22 million /10% gross margin) - Reported EBITDA
NOK 17 million (NOK -30 million ) - Adj. EBITDA
NOK 12 million (NOK -19 million ) - Net result
NOK -1 million (NOK -35 million ) - Order backlog
NOK 423 million (NOK 322 million ) - Cash balance
NOK 161 million (NOK 133 million )
For further information, please contact:
About HydrogenPro AS:
The following files are available for download:
https://mb.cision.com/Public/21747/3935915/880b9f950fa2687d.pdf |
HYPRO-Q4-2023-Report |
https://mb.cision.com/Public/21747/3935915/9a7781c275d075eb.pdf |
HYPRO-Q4-2023-Presentation |
View original content:https://www.prnewswire.com/news-releases/hydrogenpro-asa---delivering-positive-ebitda-in-q4-2023-302072083.html
SOURCE