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
Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
SEK 90.10 mln
SEK 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
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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.)