Nel’s Q1 results were better than expected versus the company-compiled consensus. Order intake was once again solid and the order backlog also registered good growth. Revenue growth was seen across both electrolyser and fuelling with the EBITDA loss narrowing across divisions. Nel has sufficient liquidity on its books after completing the latest NOK1.6bn private placement and is on track with planned capacity expansions. While the company does not provide an outlook, we feel comfortable with our ....
27 Apr 2023
Margin supportive deliveries narrow loss; order backlog continues to grow
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Margin supportive deliveries narrow loss; order backlog continues to grow
Nel’s Q1 results were better than expected versus the company-compiled consensus. Order intake was once again solid and the order backlog also registered good growth. Revenue growth was seen across both electrolyser and fuelling with the EBITDA loss narrowing across divisions. Nel has sufficient liquidity on its books after completing the latest NOK1.6bn private placement and is on track with planned capacity expansions. While the company does not provide an outlook, we feel comfortable with our ....