thyssenkrupp nucera Excels in First Quarter with Strong Sales Growth and EBIT Increase Fueled by Green Hydrogen
Key Ideas
- thyssenkrupp nucera achieved impressive sales and EBIT growth in the first quarter of 2024/2025, driven by the improved gross margin in the green hydrogen segment.
- The company experienced challenges due to regulatory uncertainties, slow approval processes, and high start-up costs in the hydrogen industry.
- Despite a decrease in order intake and order backlog, thyssenkrupp nucera reported substantial sales increases, particularly in the green hydrogen and chlor-alkali segments.
- Investment in R&D, expansion of employees, and a positive outlook for the market highlight thyssenkrupp nucera's commitment to growth and innovation in the electrolysis sector.
thyssenkrupp nucera's first quarter of the new financial year 2024/2025 showcased remarkable success with strong sales and EBIT growth. The company's focus on highly efficient electrolysis technologies, especially in the green hydrogen segment, led to a 27% increase in sales to EUR 262 million. Despite challenges such as regulatory uncertainties and high start-up costs in the hydrogen market, thyssenkrupp nucera's EBIT improved significantly to EUR 8 million, primarily driven by the enhanced gross margin in the green hydrogen division. The company's investment in R&D, with a focus on alkaline water electrolysis and solid oxide electrolysis, highlights its commitment to innovation. thyssenkrupp nucera also signed strategic agreements, including a partnership with Chlorum Solutions in the U.S. and a memorandum of understanding with Hydrom in Oman. These partnerships aim to expand the use of green hydrogen and strengthen the company's market position. Despite a decrease in order intake, the company remains optimistic about the growth prospects for green hydrogen and continues to invest in expanding its workforce and global presence.
Topics
Africa
Market Volatility
Decarbonization
Financial Performance
Industry Challenges
R&D Investment
Sales Growth
Project Execution
Order Intake
Latest News