thyssenkrupp Nucera Reports Strong Growth and Profitability in Chlor-Alkali Business
Key Ideas
- thyssenkrupp nucera saw significant sales and profit improvement in the second quarter and first half of fiscal year 2024/2025, in line with market expectations.
- The company experienced strong growth in new customer orders in the chlor-alkali segment, driven by projects in Saudi Arabia, the U.S., and South America.
- Despite challenges in the green hydrogen market due to regulatory uncertainties and high start-up costs, thyssenkrupp nucera remains optimistic about the growth prospects for hydrogen.
- Investments in research and development, particularly in alkaline water electrolysis and high-temperature SOEC electrolysis, have contributed to the company's competitive position and financial performance.
thyssenkrupp Nucera has reported a positive financial performance in the second quarter and first half of the fiscal year 2024/2025. The chlor-alkali business segment showed strong growth in new customer orders, particularly driven by projects in Saudi Arabia, the U.S., and South America. Despite challenges in the green hydrogen market, the company remains optimistic about the growth prospects for hydrogen. Sales in both the green hydrogen and chlor-alkali segments increased significantly, with notable revenue growth in the chlor-alkali segment. thyssenkrupp Nucera's earnings before interest and taxes (EBIT) improved, with investments in research and development focusing on electrolysis technology. The company's financial results and profit from continuing operations have shown improvement, with a positive profit after taxes. Employee growth has also been notable, reflecting the company's growth strategy. Dr. Werner Ponikwar, CEO of thyssenkrupp Nucera, emphasized the importance of green hydrogen as a climate-friendly energy source and highlighted the company's expertise in electrolysis technology.
Topics
Green Hydrogen
Technology
Research And Development
Financial Performance
Market Challenges
Order Intake
Employee Growth
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