Nel ASA: Second quarter 2024 financial results
(July 17, 2024 - Oslo, Norway) Following the spin-off of its fueling division, Nel ASA (Nel, OSE: NEL) reported revenues from continuing operations of NOK 332 million in the second quarter of 2024, down 10% YoY from NOK 371 million for the corresponding divisions. Order intake was NOK 270 million, up 18% YoY from NOK 229 million. At the end of the quarter the order backlog was NOK 2 071 million, down 13% YoY. The cash balance was NOK 2 228 million at quarter end, impacted by the spin-off and separate listing of the Fueling division. As the fueling division was spun out and separately