Hexagon Purus ASA: Results for the second quarter 2022
Hexagon Purus delivered robust year-over-year revenue growth in Q2 2022 coupled with strong commercial momentum in hydrogen distribution applications. Q2 2022 highlights: · Revenue grew 123 % year over year to NOK 210 million, including NOK 142 million contribution from Wystrach driven by strong demand in distribution and rail applications. EBITDA contribution from Wystrach in the quarter was NOK 14m (10% margin) · Entered into an agreement to acquire 40% of Cryoshelter’s liquid hydrogen business bringing early-stage expertise in liquid hydrogen tank technology for zero