Thyssenkrupp Nucera Aligns with Q1 Forecast Amid Market Challenges

Thyssenkrupp Nucera reported a 21% decrease in Q1 order intake to EUR 75 million, affected by delays in the Green Hydrogen sector. Despite these challenges, the company anticipates a significant increase in Q2 due to a large chlor-alkali project sign-off. Sales dropped 44% to EUR 147 million as projects neared completion in the water and chlor-alkali electrolysis areas. The company responded by increasing R&D investments by 31%, focusing on high-temperature and high-pressure electrolysis innovations.

Earnings before interest and taxes fell to EUR -4 million, with a net income of EUR -3 million. Despite low sales, Thyssenkrupp Nucera maintained cost management and expects improved performance with upcoming project completions. The company's financial resilience remains intact as it invests in future technologies, aiming to bolster its market position amidst ongoing uncertainty.