Overview
Sweden's hydrogen energy firm's Q4 net revenue rose 463% yr/yr to SEK 90.1 mln
Company completed 7.5 MW hydrogen project with Elektra worth EUR 7.1 mln
Metacon acquired Hynion Sverige AB assets for SEK 3.5 mln
Outlook
Company did not provide specific guidance for future quarters or years
Result Drivers
LARGE PROJECT DELIVERIES - Successful deliveries in larger projects drove revenue growth, including completion of 7.5 MW hydrogen project with Elektra
ASSET ACQUISITION - Acquisition of Hynion Sverige AB's assets enhanced strategic positioning in hydrogen refueling sector
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q4 EBITDA
-SEK 10.40 mln
Analyst Coverage
The one available analyst rating on the shares is "buy"
The average consensus recommendation for the renewable energy equipment & services peer group is "buy"
Wall Street's median 12-month price target for Metacon AB (publ) is SEK0.60, about 81.8% above its February 10 closing price of SEK0.33
Press Release: ID:nPre39JQVa
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
