Brief: McPhy Energy Sees 2022 EBITDA Of Between -34 And -37 Million Euros

Mcphy Energy SA

24/01/2023 16:58

Jan 24 (Reuters) - Mcphy Energy SA  MCPHY.PA :
    * ANNUAL REVENUE OF EUR 16.0 MILLION, DRIVEN BY +37% GROWTH
IN
SECOND HALF OF YEAR
    * +56% INCREASE IN BACKLOG, GENERATED BY FIRM ORDER INTAKE
OF EUR
29.4 MILLION FOR YEAR 2022
    * GROUP ESTIMATES THAT ITS EBITDA WILL AMOUNT TO EUR -34 TO
EUR
-37 MILLION FOR FISCAL YEAR 2022
    * FIRM ORDER INTAKE AT EUR 29.4 MILLION IN 2022 VERSUS EUR
19.2
MILLION IN 2021
    * 2022 GROUP'S NET CASH POSITION SHOULD THEREFORE BE AROUND
EUR
135 MILLION, INCLUDING INITIAL PAYMENT OF EUR 28.5 MILLION FROM
BPIFRANCE AS PART OF LAUNCH OF GIGAFACTORY
    * FY 2022 BACKLOG AT EUR 31.3 MILLION VERSUS EUR 20.1
MILLION IN
2021
    * LEVEL OF ITS BACKLOG AND CONTINUED RAMP-UP OF HYDROGEN
MARKET,
ALLOW MCPHY TO ANTICIPATE ANOTHER YEAR OF SUSTAINED GROWTH IN
2023

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