Published by Todd Bush on November 7, 2023
OSLO, Norway, Nov. 7, 2023 /PRNewswire/ -- HydrogenPro ASA reported their financial results for the third quarter today, where revenue for the quarter is increased by more than ten times over Q3 previous yea . The Company has achieved many milestones and reached a healthy cashflow as projects are starting to get delivered. Notably the confirmed order of a 100MW plant with Andritz is now received.
In its Q3 financial report HydrogenPro revealed many important milestones for the company that has been achieved over the past three months:
>>Read about HydrogenPro Partner, DG Fuels Announcing Strategic Cooperation with Air France-KLM
The CEO, Jarle Dragvik states that: "We are looking to the future with confidence. The newly confirmed order with Andritz gives us reason for further optimism. Equally, already by the end of this year we recognizes the major share of the ACES contract revenues with a positive margin. HydrogenPro anticipates continued healthy growth with positive margins as it leverages its innovative solutions and strategic partnerships."
SOURCE HydrogenPro AS
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