Thyssenkrupp Nucera expects earnings decline in 2023/24

thyssenkrupp nucera AG & Co KgaA

18/12/2023 06:12

FRANKFURT, Dec 18 (Reuters) - Thyssenkrupp Nucera
 NCH2.DE , which makes electrolysers needed to produce green
hydrogen, said on Monday it expects a significant decline in
earnings in its 2023/24 fiscal year due to the start-up costs of
its alkaline water electrolysis business.    
    The company's 2022/23 operating profit (EBIT) came in at
23.8 million euros ($25.97 million), on sales of 652.8 million
euros, the company, which is majority-owned by Thyssenkrupp
 TKAG.DE , said.
    
($1 = 0.9166 euros)

 (Reporting by Christoph Steitz and Rachel More; Editing by
Jacqueline Wong)
 ((christoph.steitz@thomsonreuters.com; +49 30 220 133 647;))