Enapter AG publishes half-year figures and confirms forecast for full year 2023
|
EQS-News: Enapter AG
/ Key word(s): Half Year Report
PRESS RELEASE
Enapter AG publishes half-year figures and confirms forecast for full year 2023
Berlin, August 31, 2023 - Enapter AG (ISIN: DE000A255G02) can report a successful first half of 2023. Enapter has continued its international expansion strategy, expanded its product portfolio and won numerous new orders in Europe, Asia and America. During the period under review, Enapter received orders to supply its electrolysers from Dutch energy company Adsensys, UK-based Intelligent Energy Limited, electronics company Hensoldt Nexeya of France, and a hydrogen project on Jeju Island in South Korea, among others. Enapter's highly scalable devices are now used in around 55 countries by more than 340 customers in the transportation, electricity storage and industrial sectors, among others.
In May, Enapter unveiled to the public the AEM Multicore, the world's first megawatt-class AEM electrolyzer for the production of green hydrogen. It is composed of several hundred individual core modules, known as AEM stacks, and can produce around 450 kilograms of green hydrogen per day with a purity of 99.999%. In addition, Enapter started delivery of the new water-cooled AEM electrolyzers 4.0 in the reporting period.
The dynamization of growth is also reflected in the composition of Enapter's management. The management level was expanded by additional Chief Officers and Managing Directors in the first half of the year. In addition, Dr. Jürgen Laakmann has been co-CEO of Enapter since July 1. Together with Enapter founder and CEO Sebastian-Justus Schmidt, he is responsible for Enapter's further growth and strategy.
Sales in the first half of the year rose from EUR 3.3 million in the prior-year period to EUR 4.8 million. EBITDA was at the previous year's level of -7.0 million euros and the net result was -9.7 million euros (previous year: -7.7 million euros). For the full year 2023, Enapter confirms the forecast, according to which sales of around 30 million euros are expected. EBITDA is expected at -10 to -11 million euros due to high investments for the ramp-up of production in Pisa as well as at the Saerbeck site in connection with the assembly of the AEM multicore. The order backlog at the end of August 2023 was around EUR 20 million.
Enapter is reporting extremely high demand for its products, which is also reflected in the significant increase in customer inquiries. Customer inquiries have increased by €0.8 billion, particularly for the multicore, to €1.1 billion in the first half of 2023. This once again highlights the growing demand for solutions to generate green hydrogen on an industrial scale.
"The economic development of the first half of the year went according to plan and we also expect to achieve the targets we have set ourselves for the full year 2023. We are delighted with the development in the megawatt segment: with the AEM Multicore, we have the right product for numerous applications in the production of low-cost green hydrogen at an industrial level. Today, we are already the world's largest manufacturer of AEM electrolyzers in terms of units. We will consistently expand this outstanding market position through continuous further development of our patented technology," says Sebastian-Justus Schmidt, founder and co-CEO of Enapter AG.
Enapter's 2023 semi-annual report is available on the company's website at www.enapterag.de under the heading "Investor Relations".
About Enapter Enapter is an innovative energy technology company that manufactures highly efficient hydrogen generators - so-called electrolysers - to replace fossil fuels and thus drive the energy transition globally. The patented and proven Anion Exchange Membrane (AEM) technology enables the series and mass production of cost-effective electrolysers for the production of green hydrogen on any scale and almost anywhere in the world. The modular systems are already used by more than 340 companies in more than 50 countries worldwide, including in the energy, mobility, industrial, heating and telecommunications sectors. The Enapter Group has its headquarters in Germany and an R&D and production site in Italy. Enapter AG is listed on the regulated market of the Frankfurt and Hamburg stock exchanges, ISIN: DE000A255G02. Further information: Website: https://www.enapter.com
Press contact:
Enapter Public Relations Vaitea Cowan Contact financial and business press: Ralf Droz / Doron Kaufmann
31.08.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. |
| Language: | English |
| Company: | Enapter AG |
| Reinhardtstr. 35 | |
| 10117 Berlin | |
| Germany | |
| E-mail: | info@enapterag.de |
| Internet: | www.enapterag.de |
| ISIN: | DE000A255G02 |
| WKN: | A255G0 |
| Listed: | Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1716363 |
| End of News | EQS News Service |
|
|
1716363 31.08.2023 CET/CEST
P R O D U C T S U G G E S T I O N S
The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.
The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.
If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.
For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.
1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.