Hexagon Purus ASA: Results for the fourth quarter 2022
Q4 2022 highlights: · Revenue grew 44% year over year to NOK 372 million, driven by strong demand in hydrogen distribution applications. · Full year revenue grew by 90% from NOK 508 million to NOK 964 million. · Exited the quarter with total backlog of approximately NOK 1 billion. In the fourth quarter of 2022, Hexagon Purus Group generated NOK 372 (259) million in revenue and recorded operating profit before depreciation (EBITDA) of NOK -109(-61) million. Revenue growth of 44% was driven primarily by driven by strong demand in hydrogen distribution. Reported revenue for