Brief: McPhy Energy FY Net Loss Widens To 23.6 Million Euros

Mcphy Energy SA

08/03/2022 17:00

March 8 (Reuters) - Mcphy Energy SA  MCPHY.PA :
    * 2021 REVENUE: EUR 13.1 MILLION
    * FY OPERATING LOSS: EUR 23.5 MILLION
    * STRONG CASH POSITION OF EUR 177.2 MILLION AS OF DECEMBER
31,
2021
    * EXPECTS TO RETURN TO SUSTAINED GROWTH IN ITS BUSINESS IN
2022
    * FY NET LOSS EUR 23.6 MILLION VERSUS LOSS EUR 9.3 MILLION
YEAR
AGO
    * CONSTRUCTION OF A GIGAFACTORY FOR ELECTROLYZERS, FOR WHICH
BELFORT SITE HAS BEEN PRE-SELECTED, REMAINS, NOTABLY,
CONDITIONAL ON OBTAINING FINANCING UNDER IPCEI
    * CONSTRUCTION OF A GIGAFACTORY FOR ELECTROLYZERS, INITIALLY
PLANNED FOR END OF 2021, FINAL INVESTMENT DECISION SHOULD BE
MADE BY END OF FIRST HALF OF 2022
    * EXCLUDING GIGAFACTORY, INDUSTRIAL INVESTMENTS SHOULD
REPRESENT
NEARLY EUR 4 MILLION IN 2022
    * SHOULD BE NOTED THAT RUSSIAN-UKRAINIAN CONFLICT AND
RELATED
GEOPOLITICAL TENSIONS COULD HAVE CONSEQUENCES OF ALL KINDS THAT
COULD IMPACT MCPHY'S OUTLOOK
    * MCPHY AIMS TO DOUBLE ITS WORKFORCE BETWEEN FISCAL YEAR
2020 AND
2022
    * HYDROGEN STATIONS SEGMENT: MCPHY WILL TAKE POSSESSION OF
GRENOBLE PRODUCTION SITE IN SPRING 2022 AND WILL BEGIN
RELOCATION IN SEVERAL PHASES DURING Q2

Source text for Eikon:  ID:nGNE8S3Scp 
Further company coverage:  MCPHY.PA 

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