Brief: TECO 2030 Q1 EBITDA Loss Widens To NOK 15.8 Mln

Teco 2030 ASA

31/05/2022 06:10

May 31 (Reuters) - Teco 2030 ASA  TECO.OL :
    * TECO 2030 RELEASES Q1 2022 REPORT
    * Q1 REVENUE AND OTHER INCOME NOK 3.4 MILLION VERSUS NOK 1.2
MILLION YEAR AGO
    * Q1 EBITDA LOSS NOK 15.8 MILLION VERSUS LOSS NOK 12.6
MILLION
YEAR AGO
    * OUTLOOK: FUEL CELL SEGMENT IS EXPECTED TO REACH A LEVEL
WHERE
FIRST PROTOTYPE SYSTEMS ARE READY FOR DELIVERY IN FIRST HALF OF
2023.
    * MARITIME CARBON CAPTURE AND STORAGE SYSTEM (CCS) FIRST
PROTOTYPES EXPECTED LATER IN 2023
    * THROUGH 2022 WE ARE EXPECTED TO SEE MAJOR PROGRESS FOR
PLANNING
AND INSTALLATION OF EQUIPMENT AT INNOVATION CENTER IN NARVIK.
    * WE EXPECT SEVERAL MILESTONES TO BE REACHED THROUGH
REMAINING
MONTHS OF 2022.

Source text for Eikon:  ID:nObiyqXw0a 
Further company coverage:  TECO.OL 

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