02/2023 Environment-friendly Hydrogen Equipment reveals unaudited essential numbers for 2022 and also assistance for 2023 

January 23, 2023

Green Hydrogen Systems A/S

Environment-friendly Hydrogen Solutions A/S

Business news 02/2023

Environment-friendly Hydrogen Solutions reveals unaudited essential numbers for 2022 and also assistance for 2023

Short highlights and also u na udited essential numbers 2022

  • A90 electrolyser shipment and also earnings acknowledgment for 2 consumers in addition to shipment and also website examination for extra 2 consumers

  • Income from client agreements of DKK 10 million (assistance: DKK 1 to 19 million) contrasted to DKK 5.2 million in 2021

  • Gross earnings of DKK -10 million (assistance: around DKK -20 to -15 million) contrasted to DKK -17 million in 2021

  • EBITDA of DKK -249 million (assistance: DKK -255 to -235 million) contrasted to DKK -149 million in 2021

  • EBIT of DKK -283 million (assistance: DKK -290 to -270 million) contrasted to DKK -163 million in 2021

  • Investments of DKK 335 million (assistance: DKK 310 to 350 million) contrasted to DKK 192 million in 2021

  • Overall order stockpile of 13 MW contrasted to 9.9 MW by the end of 2021

Support for 20 23

Complying with effective approval examinations and also shipments of A90 electrolyser systems in December 2022 in addition to proceeded development in setting up and also finalisation of extra client orders, Environment-friendly Hydrogen Solutions has the ability to firm-up monetary assumptions and also reveals full-year assistance for 2023.

In 2023, earnings is anticipated in the series of DKK 120 to 160 million. The earnings variety is partially based upon the share of overall stockpile with targeted shipment in 2023 in addition to in-for-out orders that might be authorized and also earnings identified in 2023. Because of expenses connected to hold-ups in shipment of the 2022 stockpile the identified earnings has actually been decreased by DKK 15 million contrasted to the first order worth.

EBITDA for 2023 is anticipated in the series of DKK -240 to -210 million. Gross earnings will certainly boost and also financial investments in the sales organisation and also in advertising initiatives will certainly proceed in addition to concentrate on R&D tasks connected to the X-Series item system.

Investments is anticipated in the series of DKK 270 to 300 million. The financial investments connect to manufacturing scale-up, X-Series assembly line, X-Series model construct, examination centers in addition to R&D tasks concentrating on the X-Series and also various campaigns to additional boost the system efficiency of the A-Series and also X-Series item systems.

Support for 2023 is summed up as complies with:

The earnings assistance variety mirrors the unpredictability of the precise timing of the electrolysers passing earnings acknowledgment standards within the 2023 fiscal year. In addition, the precise shipment, website approval examination (SAT), earnings acknowledgment and also EBITDA might be adversely affected by e.g. the existing supply chain disturbances, raising part and also resources expenses, basic rising cost of living, hold-ups in item setting up and also pandemics.

Medium-term targets

The medium-term target will certainly be verified throughout Q1 2023. The targets will certainly be based upon presumptions connected to exercise of the manufacturing ability. We anticipate a manufacturing ability for shipment of 75 MW in 2024 and also 150 MW in 2025.

Resources framework and also money equilibrium

Environment-friendly Hydrogen Solutions targets a resources boost throughout very first fifty percent of 2023. We are presently in discussion with numerous of our bigger investors relating to such possible resources boost.

Sebastian Koks Andreassen, Chief Executive Officer of Environment-friendly Hydrogen Equipment remarks:

In 2022, we got to an earnings of DKK 10 million as an outcome of 2 client shipments of the A90 electrolyser component The earnings and also various other unaudited essential numbers remained in line with our lates t assistance released in August 2022. From Q3 2022, we reactivated sales of the A90 e le ctrolysers which have resulted in a raising sales pipe and also 4 brand-new client order s in Q4 2022 and also January 2023.

In Addition, throughout the year we advanced in advance of strategies with development of our manufacturing facili connections and also we have enhanced organisational capacities in R&D, sales, security and also manufacturing scaling These favorable advancements assistance our affordable placement, and also we anticipate a considerable earnings boost in 2023 contrasted to previous years

Teleconference information

About this news, Environment-friendly Hydrogen Equipment will certainly hold a teleconference. The teleconference will certainly be hung on 24 January 2023 at 10:00 AM CET.
Please see investor.greenhydrogen.dk to access the discussion made use of for the conference.

Web link to the webcast

DK: +45 89 87 50 45
International dial-in: +44 20 3936 2999
Individual gain access to code: 047004

For even more details please get in touch with:

Financiers:
Jens Holm Binger, Head of Financier Relations,
+45 6065 6525, [email protected]

Media:
Jesper Buhl, Head of Public Matters and also Media Relations,
+45 5351 5295, [email protected]

Progressive declarations

This news has progressive declarations. Words such as ‘think’, ‘anticipate’, ‘might’, ‘will certainly’, ‘strategy’, ‘approach’, ‘possibility’, ‘anticipate’, ‘price quote’, ‘job’, ‘expect’, ‘can’, ‘plan’, ‘expectation’, ‘assistance’, ‘target’ and also various other words and also regards to comparable definition about any kind of conversation of future operating or monetary efficiency determine progressive declarations. Declarations relating to the future go through threats and also unpredictabilities that might lead to significant inconsistencies from the expectation stated. In addition, a few of these assumptions are based upon presumptions relating to future occasions which might confirm inaccurate.

Please additionally describe the review of danger consider the Yearly Record 2021 readily available at greenhydrogen.dk.

Resource: Environment-friendly Hydrogen Equipment
Ticker: GREENH
Tag: Business news

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