(News Bulletin 247) – McPhy Energy unveiled solid results for 2022 on Tuesday evening and declared that it anticipates another year of “sustained” growth in 2023 thanks to the ramp-up of the hydrogen market.

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The annual turnover of the manufacturer of electrolysers and charging stations is up by 22%, at 16.1 million euros, for order intake up by 53% at 29.4 million euros .

As a result, its order book now stands at 30.6 million euros, an increase of 51% compared to December 31, 2021.

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In terms of the income statement, its operating loss reached 38.4 million euros at the end of the financial year, for a net loss of 38.2 million euros, compared with -23.6 million euros.

As of December 31, the group had cash of 135.5 million euros, against 177.2 million euros.

In its press release, McPhy indicates that the level of its ‘backlog’ (order book) and the continued rise of the hydrogen market allow it to anticipate another year of ‘sustained’ growth in 2023.

On the stock market, the stock fell 1.1% after these results, which were considered solid but unsurprising, while the SBF 120 index limited its decline to 0.3%.

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