Brief: Mcphy Energy Announces Delay Of CEOG Project, Postponement Of Supply Of The Electrolyzer

Mcphy Energy SA

28/04/2023 16:54

April 28 (Reuters) - Mcphy Energy SA  MCPHY.PA :
    * REG-MCPHY ENERGY: DELAY OF THE CEOG PROJECT AND
POSTPONEMENT OF
THE  SUPPLY OF THE ELECTROLYZER
    * THIS ORDER INCLUDES DELIVERY OF A HIGH POWER ELECTROLYZER,
16 MW
AUGMENTED MCLYZER
    * COMPANY REMAINS A STAKEHOLDER IN THIS PROJECT, PENDING
FURTHER
INFORMATION ON CONTINUATION OF OPERATIONS
    * COMPANY IS READY TO TAKE OVER EXECUTION OF PROJECT AS SOON
AS
ITS CLIENT, SIEMENS ENERGY, EXPRESSES ITS INTENTION.
    * PENDING FURTHER INFORMATION FROM SIEMENS ENERGY ON
FOLLOW-UP OF
THIS PROJECT, MCPHY HAS TO ASSUME AT THIS STAGE A NEGATIVE
IMPACT ON ITS FIRST HALF REVENUE OF EUR 2 MILLION
    * IN THIS CONTEXT, MCPHY ESTIMATES THAT ITS REVENUE FOR
FIRST HALF
OF YEAR WILL BE BETWEEN EUR 6 AND EUR 8 MILLION.
    * SPECIFIES THAT IT HAS RECORDED APPROXIMATELY 60% OF CEOG
PROJECT
REVENUE AS OF DECEMBER 31, 2022, WHICH IS NOT AFFECTED BY
SUSPENSION

Source text for Eikon:  ID:nGNE8KGCyl 
Further company coverage:  MCPHY.PA 

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