Merus Power’s financial guidance for the year 2024 remains unchanged
Merus Power Plc, Company release, 19 June 2024 at 8:01 a.m.
The company's financial guidance for 2024 will not be affected by today’s announcement of an energy storage order of nearly 20 million euros from Swiss-based Alpiq.
Merus Power's guidance for 2024 (published 8 February 2024):
net sales and EBITDA will increase compared to 2023.
The company's revenue generation in 2024 will be heavily weighted towards the second half of the year. In terms of energy storage deliveries, the company has continued to invest in developing new generation technologies at the top of the value chain and has increased its expertise as a total solutions provider, including in the Taaleri Energia energy storage project that the company announced on 8 February 2023. The above-mentioned investments to enable growth have required significant one-off costs in the first half of the year.
The company will publish its H1/2024 half-yearly report on 22 August 2024.
For more information:
Kari Tuomala, CEO, kari.tuomala@meruspower.com, +358 20 735 4320
Jonna Kannosto, Marketing and Communications Director, jonna.kannosto@meruspower.com, +358 44 357 8320
Aktia Alexander Corporate Finance Oy, Certified Adviser, +358 50 520 4098
Distribution:
Nasdaq Helsinki Ltd.
Key media
Merus Power in brief:
Merus Power is a technology company that enables a sustainable and energy-efficient future. We design and manufacture innovative electrical engineering solutions, such as energy storages, power quality solutions and services for renewable energy and industrial needs. With our scalable technology, we enable the growth of renewable energy in electric grids and improve the energy efficiency of society. We are a domestic innovative electrical engineering specialist and operate in global and fast-growing markets. Our personnel represent internationally respected engineering expertise. Our turnover in 2023 was EUR 29.0 million and our stock trading symbol on the Nasdaq First North Growth Market Finland is MERUS. www.meruspower.com.
The original of this document has been made in Finnish. In case of any discrepancy, the Finnish version will prevail.