(CercleFinance.com) – thyssenkrupp nucera reported on Monday, as part of its second publication since its initial public offering (IPO) last July, annual results above expectations.
The German specialist in electrolysis equipment for the production of green hydrogen saw its operating profit (Ebit) reach 23.8 million euros for its 2022/2023 financial year, ended at the end of September, compared to 8.8 million a year earlier.
Its operating margin thus stood at 3.6%, compared to 2.3% at the end of the previous financial year.
Net profit more than tripled to reach 22.5 million euros compared to six million euros for the 2021/2022 financial year.
Regarding its new financial year 2023/2024, thyssenkrupp nucera said it expects ‘significant’ growth in its net sales, but also a double-digit negative operating result.
A prospect which did not seem to worry investors too much, who expected that the group’s rise in AWE (alkaline electrolysis technology dedicated to industrial projects) would penalize its profitability in the short term.
As a result, the stock climbed more than 4% late Monday morning. It nevertheless shows a decline of around 16.5% since its IPO.
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