Nel ASA: Second quarter 2021 financial results
(Oslo, 19 August 2021) Nel ASA (Nel) reported revenues of NOK 163.7 million in the second quarter of 2021, up 10% from NOK 148.6 million in the same quarter of 2020 and an EBITDA of negative NOK 120.3 million (Q2 2020: -48.7) incl. one-offs and ramp-up cost. This includes costs relating to the ramp-up at the new Herøya facility which is still not contributing to revenue. The order backlog ended at NOK 1 078 million, up ~4% from same quarter last year. The cash balance ended at NOK 3.07 billion. Nel reiterates the strong long-term outlook and growth prospects for the sector. “In the