(AOF) – HRS recorded the highest turnover in its history in the first half of 2023/2024 at 12.8 million euros, representing growth of 20%, including 10.9 million euros for hydrogen station segment, up 18%. As of December 31, 2023, its order book stands at a high level of 97 million euros, representing 39 stations to be put into production between 2024 and 2027. For the 2023/2024 financial year which will end on June 30, 2024, HRS aims now has a turnover of between 31 and 40 million euros.
“This performance could have been even better without the longer-than-expected discussions, due to the significant quantities of stations currently negotiating hydrogen infrastructure projects, with the consequence of a short-term delay in the pace of orders, particularly for our framework contracts. Prudently, HRS revises its objectives by one year,” explains Hassen Rachedi, founder and CEO of HRS.
Consequently, the specialist in hydrogen refueling stations is targeting a turnover of between 45 and 60 million euros with a positive current Ebitda for the financial year ending June 30, 2025.
It anticipates a turnover of 85 million euros and a current EBIT margin of around 20% for the financial year ending June 30, 2026.
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