HRS, a European designer and manufacturer of hydrogen refueling stations, faced challenges in the 2023/2024 financial year, with revenue reaching €24.8 million, down 17.6% compared to the previous year. The company attributed this performance gap to deprioritized orders, canceled stations, and delayed projects impacting market deployment pace. Despite these challenges, HRS witnessed growth in the Maintenance business, with a contribution of €0.5 million, setting the stage for enhanced recurring revenue. International expansion also saw progress, marked by a significant station order in Saudi Arabia and a robust order book of €47.1 million, including stations already in production. Looking ahead, HRS anticipates a growth range of +20% to +60% for the 2024-2025 revenue, reflecting its strategic focus on innovation and market expansion. The company's founder and CEO, Hassen Rachedi, highlighted the importance of strategic development, emphasizing the installation of 18 operational stations in 35 months and plans for additional stations. Despite falling short of revenue targets, HRS remains optimistic about future prospects, particularly with promising projects with key accounts like SPAC, TotalEnergies, and others progressing well. HRS is committed to deepening relationships with key accounts and leveraging its competitive advantages to secure projects from a pipeline valued at €343 million. The company aims to strengthen its position in the hydrogen refueling station sector, aligning with the public support for hydrogen mobility. The future outlook for HRS focuses on new installations, maintenance contracts, and a growing sales pipeline, positioning the company for substantial growth and profitability. With a strong market position and strategic outlook, HRS aims to maintain its leadership in the hydrogen refueling station sector, driven by innovation, industrial expertise, and commercial capabilities.