Q3 2024 Hydrogenpro ASA Earnings Call(Q&A) Transcript

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Nov 12, 2024

Nov 12, 2024 / 09:00AM GMT
Unidentified Corporate Representative Hydrogenpro ASA

Good morning and welcome to Hydrogen Pros First excuse me, third quarter presentation.

Today, I'm accompanied by CFO Martin Thanem Holtet who will present the financial result for the third quarter.

We posted NOK72 million knoc in revenues during the quarter compared to NOK50 million knoc previous quarter and with a gross margin of 26%.

We're reaching the milestone of completion of production to Salzgitter project. And here Walter Martin will elaborate more on revenue recognition on this project.

As announced, we received the approval of eu funding of EUR16.5 million the expansion project in Denmark is well on time and within budget.

And lastly, the ASIS project is getting into the commissioning phase.

I want to start with placing Hydrogen Pro in the iea's world map of ongoing hydrogen projects.

Hydrogen Pro is one of 5 to 7 OEMs having delivered on mega projects.

This puts us in a forefront position with operational projects as our two projects are among the first ones to start

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