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Metacon publishes interim report for Q3 2023

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We see a strong increase in interest in our systems and solutions as a direct result of the inauguration of the filling station in Älghult in Småland in August. The filling station will serve both heavy vehicles and passenger cars with green hydrogen from local wind power electricity and was a historic milestone for Metacon in our long-term company building, comments Christer Wikner, President and CEO.

For the full CEO-comment, see the Interim report in its entirety.

Quarter for the Group July-September 2023

  • Revenues amounted to SEK 21,5 (21,8) million.
  • Earnings before depreciation and amortization (EBITDA) amounted to SEK -16,9 (-12,7) million.
  • Operating profit (EBIT) amounted to SEK -19,6 (-21,2)* million.
  • Profit/loss after financial items amounted to SEK -19,9 (-21,3)* million.
  • Earnings per share amounted to SEK -0,06 (-0,06)*.

Period for the Group January–September 2023

  • Revenues amounted to SEK 65,8 (54,9) million.
  • Earnings before depreciation and amortization (EBITDA) amounted to SEK -44,6 (-23,0) million.
  • Operating profit (EBIT) amounted to SEK -52,7 (-52,9)* million.
  • Profit/loss after financial items amounted to SEK -53,4 (-53,2)* million.
  • Earnings per share amounted to SEK -0,16 (-0,18)*.

*In Q4 2022, the principle regarding the reporting of goodwill on additional investment in subsidiaries was adjusted, which resulted in reduced depreciation during 2022, of which SEK 6.5 million refers to the adjustment for Q3 2022, which by comparison becomes SEK 2.0 million and SEK 19.5 cumulated September 2022, which in comparison will be SEK 10.4 million.

Significant events during and after the quarter

  • On September 1, Metacon announces the historic opening together with Uppvidinge Vätgas of Sweden's first self-sufficient hydrogen refuelling station.

This information is information that Metacon AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out below, on 1 November 2023 at 08:00 CET.

For additional information, contact Christer Wikner, on +46 (0)707 647389 or e-mail info@metacon.com

About Metacon AB (publ)

Metacon AB (publ) develops and manufactures energy systems for the production of hydrogen, heat and electricity. The products in the Reforming business area are based on a patented technology that generates hydrogen through catalytic steam reforming of biogas or other hydrocarbons. The development of Metacon's reforming products is done within the wholly-owned subsidiary Helbio S.A in Patras, Greece. The business is focused on catalytic process chemistry and advanced reformers for highly efficient hydrogen production. 

Metacon also offers complete integrated filling stations for hydrogen and system solutions and facilities for the production of hydrogen through so-called electrolysis, a large and globally growing area for small and large-scale production of green hydrogen. Electrolysis is a process in which you drive a chemical reaction to split water by adding electricity. If the electricity used is non-fossil, the hydrogen will also be fossil-free and climate-neutral. Green hydrogen can be used in transport, basic industry and the real estate sector, with a better environment and climate as a result. www.metacon.com

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