Company announcement 01/2024
Green Hydrogen Systems announces unaudited key figures for 2023 and guidance for 2024
Unaudited key figures 2023
- Revenue from customer contracts of
DKK 42 million (guidance:DKK 30 to 45 million) compared toDKK 10 million in 2022 - EBITDA of
DKK -268 million (guidance:DKK -280 to -240 million) compared to DKK --249 million in 2022 - CAPEX of
DKK 279 million (guidance:DKK 270 to 300 million) compared toDKK 335 million in 2022 - Total order backlog of 15 MW compared to 13 MW by the end of 2022
Guidance for 2024
With continued momentum in customer deliveries of A-Series and encouraging progress in the X-Series prototype test programme, Green Hydrogen Systems is able to announce full-year guidance for 2024.
In 2024, revenue is expected in the range of
EBITDA for 2024 is expected in the range of
CAPEX is expected in the range of
Guidance for 2024 is summarised as follows:
o Revenue,
o EBITDA,
o CAPEX,
The revenue guidance range reflects the uncertainty of the exact timing of the electrolysers passing revenue recognition criteria within the 2024 calendar year. Furthermore, the exact delivery, site acceptance test (SAT), revenue recognition, and EBITDA may be negatively impacted by, e.g. supply chain disruptions, increasing component and raw material costs, general inflation, delays in product assembly and pandemics.
Medium-term targets
The Medium-term targets provided in
“In 2023, we reached a revenue of
We are pleased to see the factory acceptance tests and customer deliveries of our A-Series electrolyser from our order backlog continuing in 2024, and we expect this positive development to increase customer interest and materialise in new order intake.
We are also glad to observe the X-Series prototype testing in
These positive developments support our view on the A-Series’ and the X-Series’ competitive position and the expected revenue increase in 2024.”
Conference call details
With this announcement, Green Hydrogen Systems will host a conference call. The conference call will be held on
Please visit investor.greenhydrogen.dk to access the presentation used for the meeting.
Link to the webcast
Participant access code: 325703
For more info, please contact:
+45 5351 5295, jbu@greenhydrogen.dk
Forward-looking statements
This announcement contains forward-looking statements. Words such as ‘believe’, ‘expect’, ‘may’, ‘will’, ‘plan’, ‘strategy’, ‘prospect’, ‘foresee’, ‘estimate’, ‘project’, ‘anticipate’, ‘can’, ‘intend’, ‘outlook’, ‘guidance’, ‘target’ and other words and terms of similar meaning in connection with any discussion of future operating or financial performance identify forward-looking statements. Statements regarding the future are subject to risks and uncertainties that may result in considerable deviations from the outlook set forth. Furthermore, some of these expectations are based on assumptions regarding future events, which may prove incorrect.
Please also refer to the overview of risk factors in the Annual Report 2022 and the Rights Issue 2023 Prospectus, available at greenhydrogen.dk.
Source: Green Hydrogen Systems
Ticker: GREENH
Tag: Company announcement
Attachment
- 01_2024 Green Hydrogen Systems announces unaudited key figures for 2023 and guidance for 2024vFINAL
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