HDF Energy Presents First Half 2024 Financial Statements and Appoints New Deputy CEO in Bordeaux
Key Ideas
  • HDF Energy's financial statements for the first half of 2024 show a stable investment budget, growth in shareholders' equity, and a focus on upcoming construction launches.
  • The European Commission approved financial support for HDF's industrial project in France, aiming to develop high-power fuel cells for heavy maritime and rail mobility.
  • Consolidated revenues for H1 2024 mainly came from project management assistance for power plant construction and development work on specific contracts, showing progress in projects.
  • Despite an increase in expenses and a loss for the period, HDF's cash position remained comfortable at €48.1 million, supporting ongoing operations and project investments.
Hydrogène de France (HDF Energy) presented its business activity and financial statements for the first half of 2024 in Bordeaux, France. The report highlighted stable investment budgets, growth in shareholders' equity, and a focus on upcoming construction launches. The company's portfolio of projects at an advanced stage of development is stabilizing after significant growth, with a systematic review to prioritize projects for investors and construction work by 2025. The European Commission's approval of financial support for HDF's industrial project in France marks a significant milestone for developing high-power fuel cells for heavy maritime and rail mobility. Consolidated revenues in H1 2024 were driven by project management assistance and development work, indicating progress in key projects. Despite increased expenses leading to a loss for the period, HDF's cash position remained strong at €48.1 million, supporting ongoing operations and project investments. The appointment of Hanane El Hamraoui as Deputy CEO on 19 September 2024 signifies a new phase in HDF's governance, with a focus on coordinating operations in France and abroad.
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