ITM confirmed its preliminary FY23 figures beating the consensus on revenues, helped by the accelerated delivery on a project. The adjusted EBITDA loss was in line with the consensus, whereas net cash was ahead of consensus expectations. Regarding costs, the gross and operating losses were impacted by inventory losses, the reassessment of warranties and contract loss provisions. On the strategy side, ITM Power has made good progress on its 12-month plan. Lastly, ITM also announced its new 20MW m ....
