McPhy reports half-year results

McPhy reports half-year results

Amidst the coronavirus pandemic, McPhy has reported a strong commercial dynamic and increased cash flow as it shares its results for the first half of the year.

The French hydrogen company today reported a revenue increase of 24% compared to the first half of 2019, rising to €5.4m, without jeopardising the medium-term growth outlook.

McPhy also saw a significant increase in cash, from €13m to €24m between 31st December 2019 and 30th June 2020, mainly related to the strengthening of capital.

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