The Advent Q3 figures effectively show the company building from a standing start and so while the 600%+ sales growth is impressive, this is expected given the changes the company has gone through in the past year and we expect more to come. The real progress has been in the building up of the business with the acquisitions of SerEnergy and fischer eco solutions, the participation in the White Dragon and Green HiPo projects and the progress with the National Energy Laboratories. We have scaled back our short-term profit forecasts to reflect a period as the company digests these developments although we expect to reflect the long-term benefits as these become more visible.

15 Nov 2021
Advent Technologies - Q3 Revenue Bounce

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Advent Technologies - Q3 Revenue Bounce
- Published:
15 Nov 2021 -
Author:
Adam Forsyth -
Pages:
7 -
The Advent Q3 figures effectively show the company building from a standing start and so while the 600%+ sales growth is impressive, this is expected given the changes the company has gone through in the past year and we expect more to come. The real progress has been in the building up of the business with the acquisitions of SerEnergy and fischer eco solutions, the participation in the White Dragon and Green HiPo projects and the progress with the National Energy Laboratories. We have scaled back our short-term profit forecasts to reflect a period as the company digests these developments although we expect to reflect the long-term benefits as these become more visible.