Brief: Nel Sees Projects To Be Smaller Than Anticipated In Near- To Mid-Term

Nel ASA

29/10/2025 06:05

Oct 29 (Reuters) - Nel ASA NEL.OL:

NEL Q3 NET INCOME NOK -85 MILLION

NEL Q3 REVENUE NOK 349 MILLION VERSUS. IBES ESTIMATE NOK 199.1 MILLION

NEL Q3 EBITDA NOK -37 MILLION

NEL Q3 ORDER BACKLOG NOK 984 MILLION

NEL Q3 ORDERS NOK 57 MILLION

ORDER INTAKE CONTINUES TO BE SLOW, THOUGH FEED ACTIVITY REMAINS RELATIVELY HIGH

ALKALINE PRODUCTION  FACILITY IN HERØYA WAS SHUT DOWN IN Q1. THE LENGTH OF THE SHUT-DOWN WILL  DEPEND ON FUTURE ORDER INTAKE

IN THE NEAR- TO MID-TERM, NEL EXPECTS PROJECTS TO BE SMALLER THAN WHAT WAS ANTICIPATED A FEW  YEARS AGO

Source text: ID:nWkr3rtqrG

Further company coverage: NEL.OL

 (Gdansk Newsroom)

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