Cavendish Hydrogen ASA: Second quarter 2024 financial results
(29 August 2024 – Oslo, Norway) Following the spin-off from Nel Hydrogen, Cavendish Hydrogen ASA (Cavendish, OSE:CAVEN) reported revenues as a stand-alone listed company in the second quarter of EUR 9.2 million, up 38% YoY from EUR 6.7 million. Adjusted for non-recurring costs, EBITDA was EUR -4.0 million, up 39% YoY.In the second quarter, Cavendish Hydrogen ASA (“Cavendish”) successfully completed a record-high number of seven new stations. Coupled with increased equipment sales, this generated a 38% growth compared to the second quarter last year. Quarterly highlights · Revenues