- New revenue expectations range from DKK 125 to 165 million, marking an increase from earlier projections
Green Hydrogen Systems A/S adjusts its revenue guidance for 2024 as published in Company Announcement No. 1/2024 of 23 January 2024.
The adjustment is reflected in a new expectation for revenue for the full year 2024 in the range of DKK 125 to 165 million (previously: DKK 110 to 150 million).
The adjusted revenue range has been made in recognition of the recently signed order as stated in Company Announcement No. 03/2024 of 8 February 2024 covering 9 units of the HyProvide® A-series electrolyser for a total capacity of 8.1MW.
Updated guidance for 2024 is summarised as follows:
- Revenue, DKK 125 to 165 million (previously: DKK 110 to 150 million)
- EBITDA, DKK -260 to -220 million (maintained)
- CAPEX, DKK 160 to 200 million (maintained)
The revenue guidance range reflects the uncertainty of the exact timing of the electrolysers passing revenue recognition criteria within the 2024 calendar year. Furthermore, the exact delivery, site acceptance test (SAT), and revenue recognition may be negatively impacted by, e.g. supply chain disruptions, increasing component and raw material costs, general inflation, delays in product assembly and pandemics.
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