Cavendish Hydrogen ASA: Third Quarter 2024 Financial Results
(November 28[th], 2024 – Oslo, Norway) Cavendish Hydrogen ASA (Cavendish, OSE:CAVEN) reported revenues in the third quarter of EUR 5.7 million, a 19 % decline from the prior-year period due to fewer equipment deliveries.The EBITDA result was EUR -4.1 million, representing an improvement from EUR -4.8 million in the corresponding period of 2023, despite lower revenues. The EBITDA improvement was driven by improved gross margins combined with disciplined cost management. Quarterly highlights: · Fewer equipment deliveries resulted in a 19 % revenue decline. · Strong progress in