Brief: Green Hydrogen Announces Medium-Term Targets

Green Hydrogen Systems A/S

01/03/2023 08:50

March 1 (Reuters) - Green Hydrogen Systems A/S
 GREENH.CO :
    * ANNOUNCES MEDIUM-TERM TARGETS AND UPDATE ON POTENTIAL
CAPITAL
INCREASE
    * BY 2026, COMPANY TARGETS TOTAL REVENUE FROM CUSTOMER
CONTRACTS
OF MORE THAN DKK 1,200 MILLION AND A POSITIVE EBITDA
    * IN 2025, COMPANY TARGETS DELIVERY AND REVENUE RECOGNITION
OF 150
MW OF ELECTROLYSIS CAPACITY
    * GENERAL ASSUMPTION IS A GRADUAL DECREASE TOWARDS 2026 AS
MARKET
AND GENERAL COMPETITION DEVELOP.
    * COST-OUT PLAN IS EXPECTED TO CONTRIBUTE TO GRADUAL
IMPROVEMENT
IN MARGINS WITH COGS
    * TARGETS COST-OUT OF 50% FROM X-SERIES AND 20-30% FROM
A-SERIES
IN 2026 COMPARED TO CURRENT COST LEVELS.
    * CAPITAL INCREASE WILL TARGET GROSS PROCEEDS OF UP TO DKK
650
MILLION
    * ASH FLOW TOWARDS 2026 WILL BE NEGATIVE DUE TO EBITDA
DEVELOPMENT
AND CONTINUED INVESTMENTS
    * CASH FLOW TOWARDS 2026 WILL BE NEGATIVE DUE TO EBITDA
DEVELOPMENT AND CONTINUED INVESTMENTS

Source text for Eikon:  ID:nGNE6YW22l 
Further company coverage:  GREENH.CO 

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