Nel ASA: Fourth Quarter 2018 Results
(Oslo, February 27, 2019) Nel ASA (“Nel”) reported revenues in the fourth quarter of 2018 of NOK 124.9 million, up from NOK 115.6 million in the fourth quarter of 2017, representing a growth of 8%. The figures are in line with the guidance and trading update provided in connection with the announcement regarding the contemplated private placement on January 30, 2019. Nel received several purchase orders during the quarter, has an all-time high pipeline and reiterates its strong market outlook. “The fourth quarter reflects Nel’s focus on staying at the technological forefront across