HydrogenPro ASA – Delivering positive EBITDA in Q4 2023

OSLO, Norway, Feb. 27, 2024 /PRNewswire/ — HydrogenPro ASA (OSE: HYPRO): HydrogenPro has today reported its financial results for the fourth quarter.

Achievements and highlights of the quarter:           

Revenues for the quarter of NOK 127 million and NOK 568 million year to date. For 2023 as a whole that represents a 10x increase on 2022.
Gross Profit of NOK 56 mill (44% margin) and Adj. EBITDA of NOK 12 mill (10% margin)
Received firm 100 MW Purchase Order from ANDRITZ for 18 cell stacks
Completed manufacturing and delivery of 220MW to the ACES project
Strengthened organisation with Jeff Spethmann to lead North American operations

Financials (Q3 2023 numbers in brackets):           

Revenues NOK 127 million (

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