Report
Paul de Froment ...
  • Thomas Mordelle

ITM Power: gradually becoming leaner

We revise our 2024-2026 cost and capex sequence in order to take into account yesterday's guidance update for FY24 (results due on 15th August). Indeed, ITM Power confirmed that the measures taken in the 12-month priority plan implemented by Dennis Schulz (CEO) just after his arrival in 2022, focus
Underlying
ITM Power PLC

ITM Power designs and manufactures integrated hydrogen energy systems for energy storage and clean fuel production. Co.'s subsidiaries include: ITM Power (Research) Limited, which is engaged in the research and development of scientific and engineering projects; ITM Power (Trading) Limited, which develops and manufactures prototype products; ITM Energy Ltd, ITM Fuel Ltd, and Orkney Hydrogen Trading Ltd, which sell hydrogen; ITM Motive, is engaged in the production of drivetrains for use with hydrogen; and ITM Power GmbH, ITM Power Inc, and ITM Power ApS, which sell electrolysis equipment and hydrogen storage solutions.

Provider
Bryan Garnier
Bryan Garnier

Since 1996, Bryan, Garnier & Co has been growing with an absolute conviction that the investment banking landscape would experience a major revolution: most of the large local generalist banking groups will disappear to the benefit of a handful of global powerhouses, and an emerging group of independent, highly specialised boutique investment banks.

Analysts
Paul de Froment

Thomas Mordelle

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