
Nel ASA: Announces Fourth Quarter 2019 Financial Results
March 5, 2020 | 3 min read March 5, 2020 | 3 min readOslo — Nel ASA (Nel) reported all-time high revenues of NOK 175.9 million (124.9) in the fourth quarter of 2019, in line with the trading update announced 21 January 2020, and an order backlog growth of 46% to NOK 512.6 million. The company holds approximately NOK 1.3 billion in cash, following the January 2020 private placement, and reiterates the strong market outlook.