Thyssenkrupp Nucera expects 2025 sales to grow by up to 10%

thyssenkrupp nucera AG & Co KgaA

17/12/2024 06:00

FRANKFURT, Dec 17 (Reuters) - Thyssenkrupp Nucera
 NCH2.DE , which makes electrolysers that are needed to produce
low-carbon hydrogen, expects sales to grow by as much as 10% in
its current fiscal year, banking on its order backlog as the
sector is suffering from regulatory uncertainty.
    CEO Werner Ponikwar said the group's footprint meant it was
able "to cope with the current phase of temporarily somewhat
slower growth", also pointing to high research and development
costs, which nearly doubled in the 2024 fiscal year.
    Sales in the past fiscal year rose 30% to 862 million euros
($906 million), the company, which is majority-owned by
Thyssenkrupp  TKAG.DE , said, forecasting sales of 850 million
to 950 million euros for 2025.
($1 = 0.9515 euros)

 (Reporting by Christoph Steitz; Editing by Lisa Shumaker)
 ((christoph.steitz@thomsonreuters.com; +49 30 220 133 647;))