Nel ASA: Second quarter 2017 results
(Oslo, 24 August 2017) Nel ASA (“Nel”) reported revenues in the second quarter of 2017 of NOK 39.1 million, compared to NOK 13.5 million in the second quarter of 2016, representing a growth of 190 percent. The quarter was especially marked by finalization of the acquisition of Proton OnSite (“Proton”) on June 30, 2017 creating the world`s largest electrolyser company, as well as an exclusive, industrial-scale framework agreement with H2V PRODUCT with an initial contract value of approximately NOK 450 million. “The second quarter was characterised by significant developments that