HydrogenPro ASA - First quarter 2024 results
Achievements and highlights:
- Secured strategic
NOK 82.7m investment from Andritz - New board elected, chaired by
Dag J. Opedal - Cash balance of
NOK 185 mill per31 March 2024 (increased byNOK 24 mill during the quarter) - On-going preparations on Salzgitter project - planned completion of manufacturing by Q3 2024
- Awarded compensated 300 MW FEED study in
Texas, USA - On-going feasibility study of expansion of electrode manufacturing
Financials (Q1 2023 numbers in brackets):
- Revenues
NOK 4 million (NOK 83 million ) - Gross profit
NOK 0 million (NOK 13 million ) - Adj. EBITDA
NOK -56 million (NOK -16 million ) - Reported EBITDA
NOK -56 million (NOK -17 million ) - Net result
NOK -47 million (NOK -10 million ) - Order backlog
NOK 445 million (NOK 648 million ) - Cash balance
NOK 185 million (NOK 208 million )
For further information, please contact:
+47 922 44 902
This information was brought to you by Cision http://news.cision.com
https://news.cision.com/hydrogenpro-asa/r/hydrogenpro-asa---first-quarter-2024-results,c3974430
The following files are available for download:
https://mb.cision.com/Public/21747/3974430/9136bae25bb73471.pdf |
HYPRO-Q1-2024-Report |
https://mb.cision.com/Public/21747/3974430/ab93b03f2ef29fa7.pdf |
HYPRO-Q1-2024-Presentation |
View original content:https://www.prnewswire.com/news-releases/hydrogenpro-asa---first-quarter-2024-results-302137650.html
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