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CAVEN Cavendish Hydrogen ASA News Story

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Brief: Cavendish Hydrogen Q4 EBITDA Loss Widens To EUR 3.5 Mln

Feb 27 (Reuters) - Cavendish Hydrogen ASA CAVEN.OL:

Q4 REPORTED REVENUES  EUR 6.4 MILLION

Q4 EBITDA LOSS EUR 3.5 MILLION, DECLINE FROM NEGATIVE EUR 2.2 MILLION YEAR AGO

OUTLOOK: REVENUE FROM EQUIPMENT SALES IN COMING QUARTERS TO BE LOWER THAN IN 2024

SEES  INSTALLATION, COMMISSIONING PROJECTS TO GENERATE LOWER REVENUE AS FEWER PROJECTS ARE PLANNED FOR EXECUTION IN EUROPE IN 2025

SAYS STRONG MARKET FUNDAMENTALS FOR HYDROGEN FOR HEAVY DUTY FUELING REMAIN INTACT

Source text: ID:nWkr6twLSY

Further company coverage: CAVEN.OL

 (Gdansk Newsroom)

 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))

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