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.

Commenting on the results, Laurent Carme, CEO of McPhy, said, “The beginning of 2020 was marked by a succession of commercial successes, demonstrating the industrialization of the hydrogen sector, both in France and abroad.”

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