Thyssenkrupp Nucera cuts fiscal 2026 outlook after abandoning SOEC stack production plans (updated)
UPDATE 1-Thyssenkrupp Nucera cuts fiscal 2026 outlook after abandoning SOEC stack production plans Adds further details throughout
Aug 11 (Reuters) - Thyssenkrupp Nucera NCH2.DE said on Tuesday it has abandoned plans to establish its own mass-production capacity for solid oxide electrolysis cell (SOEC) stacks, taking a one-off EBIT hit of roughly €30 million in the fourth quarter.
The charge would primarily result from an impairment of its pilot plant and capitalized development costs, the German electrolysis equipment maker said. SOEC technology is used to produce green hydrogen through high-temperature water electrolysis.
Thyssenkrupp Nucera now expects an earnings before interest and taxes (EBIT) loss of €105 million to €75 million ($86.52 million) in fiscal 2026, compared with its earlier guidance for an EBIT loss of €80 million to €30 million.
Group sales are now forecast at €450 million to €500 million for the fiscal, compared with €450 million to €550 million previously, while group order intake is expected at €550 million to €670 million.
The company's green hydrogen segment sales outlook was also lowered to €100 million to €130 million, from €120 million to €170 million previously. Its outlook for the Chlor-Alkali segment, however, remained unchanged.
In May, Thyssenkrupp Nucera froze hiring in high-cost countries as part of broader savings measures, after its second-quarter loss widened due to higher costs for hydrogen projects and the termination of a U.S. pilot project.
($1 = 0.8669 euros)
(Reporting by Devika Nair in Bengaluru; Editing by Jonathan Ananda)