Nel reports Q4 2019 results

Nel reports Q4 2019 results

Nel ASA has reported all-time high revenues of NOK 175.9m (€17m) in the fourth quarter (Q4) of 2019.

Adjusted EBITDA for the quarter was NOK -26.8m (€-2.6m), adjusted for non-recurring and other ramp-up costs, and the cash balance ended at NOK 526m (€50.7).

“As we communicated the trading update, when conducting the private placement in January 2020, the fourth quarter was another busy period for Nel and with a high level of new business development activities,” said Jon André Løkke, CEO at Nel.

... to continue reading you must be subscribed

Subscribe Today

To gain access to this article and all our other content, you will need to subscribe to H2 View.

From the latest print editions, to 24/7 online access to exclusive interviews, authoritative columnists and the H2 View news archive, a subscription is the best way for you to stay up to date with developments in the hydrogen community.

Please wait...