Brief: Lhyfe FY Net Loss Widens To EUR 25.8 Million

Lhyfe SA

22/03/2023 06:39

March 22 (Reuters) - Lhyfe SA  LHYFE.PA :
    * DOUBLING OF THE COMMERCIAL PIPELINE BY THE END OF 2022 TO
9.8 GW
    * AVAILABLE CASH OF 144.5 MEUR AT THE END OF 2022 TO FINANCE
FURTHER DEVELOPMENT AND PROJECTS
    * 2022 ANNUAL RESULTS: ACCELERATING INVESTMENTS TO BUILD A
EUROPEAN LEADER IN GREEN HYDROGEN PRODUCTION
    * STRONG GROWTH IN GREEN AND RENEWABLE HYDROGEN PRODUCTION
CAPACITY EXPECTED IN 2023, WITH A 14-FOLD INCREASE TARGETED BY
THE END OF THE YEAR
    * INTENDS TO SIGNIFICANTLY INCREASE ITS INSTALLED PRODUCTION
CAPACITY IN 2023, TO 4 TONNES OF GREEN AND RENEWABLE HYDROGEN
PER DAY
    * FY EBITDA LOSS EUR 17.0 MILLION VERSUS LOSS EUR 5.0
MILLION YEAR
AGO
    * FY NET LOSS EUR 25.8 MILLION VERSUS LOSS EUR 8.7 MILLION
YEAR
AGO
    * LHYFE AIMS TO HAVE A TOTAL INSTALLED CAPACITY OF 55 MW BY
2024
    * LHYFE CONFIRMS TARGETS
    * BY 2030, COMPANY AIMS TO BE A LEADING PLAYER IN THE GREEN
HYDROGEN PRODUCTION SECTOR AND MORE SPECIFICALLY TO HAVE A TOTAL
INSTALLED CAPACITY OF OVER 3 GW
    * ANNUAL TURNOVER FOR 2022 AMOUNTS TO 0.6 MEUR

Source text for Eikon:  ID:nACT79001 
Further company coverage:  LHYFE.PA 

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