Brief: Nucera's Awe Business Drive FY Ebit Above Previous Year's Level

thyssenkrupp nucera AG & Co KgaA

21/11/2023 17:08

Nov 21 (Reuters) - THYSSENKRUPP NUCERA AG & CO KGAA
 NCH2.DE :
    * SHOWS STRONG SALES AND EARNINGS DEVELOPMENT IN Q4 AND FY
2022/23; PROJECT EXECUTION WELL UNDERWAY
    * ORDER INTAKE BELOW PREVIOUS YEAR'S LEVEL REFLECTING USUAL
FLUCTUATIONS
    * Q4 STRONG YEAR-ON-YEAR SALES GROWTH DRIVEN BY ONGOING
EXECUTION
OF SUBSTANTIAL AWE ORDER BACKLOG
    * Q4 EBIT SLIGHTLY POSITIVE DRIVEN BY STRONG OPERATIONAL
PERFORMANCE, NON-RECURRING EFFECTS AND SOME DEFERRED
ORGANIZATIONAL RAMP-UP COSTS
    * FY ORDER INTAKE IN CA BUSINESS ABOVE PY AND THUS AT A
RECORD-HIGH
    * ACCELERATED YEAR-ON-YEAR SALES INCREASE DRIVEN IN
PARTICULAR BY
DYNAMIC SALES GROWTH IN AWE BUSINESS REFLECTING EXCELLENT
PROGRESS OF PROJECTS UNDER EXECUTION
    * FY AWE ORDER INTAKE AS EXPECTED BELOW RECORD LEVEL OF
PREVIOUS
YEAR, WHICH WAS CHARACTERIZED ESPECIALLY BY NEOM PROJECT;
SIGNIFICANT INCREASE IN ORDER INTAKE FOR FY 2023/24 EXPECTED ON
BACK OF >700 MW ORDER FROM H2 GREEN STEEL AND PLANNED CONVERSION
OF CAPACITY RESERVATIONS INTO FIRM ORDERS
    * FY EBIT ABOVE PREVIOUS YEAR'S LEVEL DUE TO HIGHER SALES IN
AWE
BUSINESS

Source text for Eikon:  ID:nEQ7KkwlNa 
Further company coverage:  NCH2.DE 

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