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META Metacon AB (publ) News Story

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Sweden's Metacon Q4 revenue jumps on larger projects

Overview

Sweden hydrogen systems maker's Q4 revenue rose 463% yr/yr

Company completed 7.5 MW hydrogen project contract worth EUR 7.1 mln

Company acquired assets from Hynion Sverige AB's bankruptcy estate

Outlook

Metacon did not provide specific financial guidance for future periods

Result Drivers

LARGE PROJECT DELIVERIES - Revenue growth driven by successful deliveries in larger projects

HYDROGEN PROJECT COMPLETION - Completion of 7.5 MW hydrogen project contract with Elektra worth EUR 7.1 mln

ASSET ACQUISITION - Acquired assets from Hynion Sverige AB's bankruptcy estate, valued at SEK 67 mln

Key Details

MetricBeat/MissActualConsensus Estimate
Q4 RevenueBeatSEK 90.10 mlnSEK 65 mln (1 Analyst)
Q4 EPS-SEK 0.03
Q4 EBIT-SEK 13.50 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:nWkr7plbxF For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com. (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.)

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