HydrogenPro ASA - Delivering positive EBITDA in Q4 2023
27 February 2024 – HydrogenPro ASA (OSE: HYPRO): HydrogenPro has today reported its financial results for the fourth quarter. Achievements and highlights of the quarter: · Revenues for the quarter of NOK 127 million and NOK 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 of NOK 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