Everfuel has announced a 650% revenue increase in the fourth quarter of 2022 compared with the same period in 2021, representing the sale of hydrogen, construction of refuelling facilities in Germany, and other operations bringing in €2.6m ($2.8m).
The Danish company did report a negative EDBITDA of €3.2m ($3.45m), which it says reflected the “continued ramp-up of activity and organisation during the quarter.”
Revenue for the entirety of 2022 reached €4m ($4.3m) compared to €0.83m ($0.89m) in 2021, however saw with a negative EBITDA of €11.6m ($12.5m), which Everfuel said reflected the increased sale of hydrogen and reduction in other operating revenue such as public project funding.
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