ITM has released its H1 results to the end of October 2022, alongside providing an update on the company’s strategy under its new CEO. The statement is something of a curate’s egg, showing an expectation of poor FY 2023 financial performance (as previously flagged), but also a new strategy focused on manufacturing scale-up, and signature of two new 100MW contracts.

31 Jan 2023
ITM Power (ITM LN) - H1 FY 2023 results

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ITM Power (ITM LN) - H1 FY 2023 results
ITM Power PLC (ITM:LON) | 77.7 2.2 3.8% | Mkt Cap: 478.6m
- Published:
31 Jan 2023 -
Author:
Daniel Slater, CFA -
Pages:
6 -
ITM has released its H1 results to the end of October 2022, alongside providing an update on the company’s strategy under its new CEO. The statement is something of a curate’s egg, showing an expectation of poor FY 2023 financial performance (as previously flagged), but also a new strategy focused on manufacturing scale-up, and signature of two new 100MW contracts.