Yesterday evening, Nel announced it had received a USD6m PEM order from Collins Aerospace on the back of its long-lasting and exclusive supply agreement for prolonged underwater submarine operation equipment. Deliveries will take place over several years starting in late 2025. This capitalises on P
Hexagon Purus ASA: Integrated Annual and Sustainability Report 2024 (Oslo, 27 March 2025) The Board of Directors of Hexagon Purus ASA has approved the company's Integrated Annual and Sustainability Report for 2024. Please find attached the Integrated Annual and Sustainability Report for 2024 (PDF and European Single Electronic Format). The report is also available on . For more information: Mathias Meidell, IR Director, Hexagon Purus ASATelephone: +47 909 82 242 | Salman Alam, CFO, Hexagon Purus ASA Telephone: +47 476 12 713 | About Hexagon Purus ASA Hexagon P...
Hexagon Purus signs agreement with Stadler for delivery of hydrogen fuel storage systems for rail applications in California (Oslo, Norway, 27 March 2025) Hexagon Purus, a world leading manufacturer of zero-emission mobility and infrastructure solutions, has entered into a multi-year agreement with Stadler, a leading manufacturer of rail applications, for delivery of hydrogen fuel storage systems for hydrogen rail applications in California. The Type 4 hydrogen fuel storage systems will be produced in Hexagon Purus’ facility in Kassel, Germany. “At Stadler, we are committed to reducing ...
Q4 results were decent, and cash burn below our expectation. However, we expect falling revenue in 2025 and losses to widen again. In addition, the backlog continues to slide and 40% is at “significant risk of delay or cancellation”. Excluding the “significant risk” portion, the backlog is 60% below its peak in 2023. Only 46% of consensus 2025 revenue is covered by backlog, while comparable figures have been 60–110% over the past five years. The prospect pipeline consists mainly of smaller proje...
NEL has reported FY24 revenues below consensus expectations at NOK1.39bn (+3% YoY, -3% vs cons. at NOK1.43bn), but a slightly better than expected EBITDA loss of -NOK173m (+9% vs cons. at -NOK191m), vs -NOK272m in FY23. Q4 dynamics followed a fairly similar pace to previous quarters, supported by a
Hexagon Purus ASA: Results for the fourth quarter and preliminary full-year 2024 Key developments in Q4 2024 and after balance sheet date: Quarterly revenue of NOK 396 million in the fourth quarter of 2024, up 8% from the fourth quarter of 2023. Full year (FY) 2024 revenue ended at NOK 1,876 million, up 42% compared to FY 2023 revenue;EBITDA was NOK -104 million in the fourth quarter of 2024, compared to NOK -129 million in the same period last year. This corresponds to an EBITDA margin of -26% in the fourth quarter of 2024, up from -35% in the fourth quarter of 2023. For FY 2024, the EBI...
Hexagon Purus renews long-term agreement for supply of hydrogen fuel storage systems with transit bus customer (Oslo, Norway, 7 February 2025) Hexagon Purus, a world leading manufacturer of zero-emission mobility and infrastructure solutions, has today renewed its multi-year supply agreement with a leading European bus manufacturer for the delivery of hydrogen fuel storage systems to transit buses until 2028. Production of the next generation Type 4 hydrogen storage systems will be out of Hexagon Purus’ facility in Kassel (Germany). For more information Mathias Meidell, Investor Relatio...
Hexagon Purus ASA: Invitation to the presentation of fourth quarter 2024 results Hexagon Purus ASA's fourth quarter results 2024 will be released on 11 February 2025, 07:00 CET. Morten Holum (CEO) and Salman Alam (CFO) will present the results at 08:30 CET and the presentation will be broadcasted live via . The presentation will be held in English and will be virtual. A recording of the presentation will be made available on For more information: Mathias Meidell, IR Director, Hexagon Purus ASATelephone: +47 909 82 242 | Salman Alam, CFO, Hexagon Purus ASA Telephone: +47 476 12 71...
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