{"id":16943,"date":"2023-08-29T12:09:01","date_gmt":"2023-08-29T09:09:01","guid":{"rendered":"https:\/\/hho-bulgaria.com\/?post_type=green-hydrogen-news&#038;p=16943"},"modified":"2023-08-29T12:09:01","modified_gmt":"2023-08-29T09:09:01","slug":"thyssenkrupps-nucera-targets-growth-to-meet-green-hydrogen-demand","status":"publish","type":"green-hydrogen-news","link":"https:\/\/hho-bulgaria.com\/ro\/green-hydrogen-news\/thyssenkrupps-nucera-targets-growth-to-meet-green-hydrogen-demand\/","title":{"rendered":"Thyssenkrupp&#8217;s Nucera targets growth to meet green hydrogen demand"},"content":{"rendered":"<p class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__small__1kGq2 body__full_width__ekUdw body__small_body__2vQyf article-body__paragraph__2-BtD\" data-testid=\"paragraph-0\">BERLIN, Aug 28 (Reuters) &#8211; Thyssenkrupp Nucera\u00a0<a class=\"text__text__1FZLe text__inherit-color__3208F text__inherit-font__1Y8w3 text__inherit-size__1DZJi link__underline_default__2prE_\" href=\"https:\/\/www.reuters.com\/markets\/companies\/NCH2.DE\" target=\"_blank\" rel=\"noopener\" data-testid=\"Link\">(NCH2.DE)<\/a>\u00a0laid out growth plans on Monday after reporting strong sales and operating income, as the company works to meet growing demand for the green hydrogen hailed as key to decarbonising the German economy.<\/p>\n<p class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__small__1kGq2 body__full_width__ekUdw body__small_body__2vQyf article-body__paragraph__2-BtD\" data-testid=\"paragraph-1\">&#8222;Another strong global workforce expansion is planned and necessary to achieve our growth targets,&#8221; Chief Executive Werner Ponikwar told reporters after presenting quarterly results.<\/p>\n<p class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__small__1kGq2 body__full_width__ekUdw body__small_body__2vQyf article-body__paragraph__2-BtD\" data-testid=\"paragraph-2\">The company, which Thyssenkrupp\u00a0<a class=\"text__text__1FZLe text__inherit-color__3208F text__inherit-font__1Y8w3 text__inherit-size__1DZJi link__underline_default__2prE_\" href=\"https:\/\/www.reuters.com\/markets\/companies\/TKAG.DE\" target=\"_blank\" rel=\"noopener\" data-testid=\"Link\">(TKAG.DE)<\/a>\u00a0majority-owns after taking it public in a blockbuster\u00a0<a class=\"text__text__1FZLe text__inherit-color__3208F text__inherit-font__1Y8w3 text__inherit-size__1DZJi link__underline_default__2prE_\" href=\"https:\/\/www.reuters.com\/business\/energy\/thyssenkrupp-nucera-starts-trading-2020-eurshr-2023-07-07\/\" data-testid=\"Link\">market debut<\/a>\u00a0in July, also wants to expand production with new locations, including in India.<\/p>\n<p class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__small__1kGq2 body__full_width__ekUdw body__small_body__2vQyf article-body__paragraph__2-BtD\" data-testid=\"paragraph-3\">While in its infancy, so-called green hydrogen, which is produced using renewable energy, has been identified as a key energy source in the push towards a lower-carbon economy in Germany and other European Union countries.<\/p>\n<div class=\"article-body__element__2p5pI\">\n<div class=\"spacing-container__container__2g5QT spacing-container__t-spacing-single-three-quarters__2_moJ spacing-container__b-spacing-single-three-quarters__1fuBK spacing-container__max-width__zScFd\" data-testid=\"ResponsiveAdSlot\">\n<div class=\"ad-slot__container__FEnoz ad-slot__fixed-height__6m70D\"><span class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__extra_small__1Mw6v label__label__f9Hew label__small__274ei ad-slot__scroll-notice__GCgrV\" data-testid=\"Label\">Advertisement \u00b7 Scroll to continue<\/span><\/p>\n<div class=\"ad-slot__inner__2u45U\">\n<div><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__small__1kGq2 body__full_width__ekUdw body__small_body__2vQyf article-body__paragraph__2-BtD\" data-testid=\"paragraph-4\">Reporting its first financial results since going public, Nucera said earnings before interest and taxes (EBIT) rose 59% year-on-year to 7 million euros ($7.56 million) in the third quarter of its 2022\/23 financial year.<\/p>\n<p class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__small__1kGq2 body__full_width__ekUdw body__small_body__2vQyf article-body__paragraph__2-BtD\" data-testid=\"paragraph-5\">Sales almost doubled to 187.5 million euros, driven mainly by its alkaline water electrolysis, where investors see potential for the business to scale up quickly.<\/p>\n<p class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__small__1kGq2 body__full_width__ekUdw body__small_body__2vQyf article-body__paragraph__2-BtD\" data-testid=\"paragraph-6\">Shares in Nucera rose by as much as 5% following the release of the results, before settling at around 4.2% higher by late morning.<\/p>\n<p class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__small__1kGq2 body__full_width__ekUdw body__small_body__2vQyf article-body__paragraph__2-BtD\" data-testid=\"paragraph-7\">The company confirmed its mid- and long-term targets, but warned that necessary spending on its growth strategy would weigh on its EBIT margin, which came in at 3.7% in the third quarter, down from 4.4% a year prior.<\/p>\n<p class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__small__1kGq2 body__full_width__ekUdw body__small_body__2vQyf article-body__paragraph__2-BtD\" data-testid=\"paragraph-8\">The company expects its EBIT margin to turn negative in the next quarter, but finance chief Arno Pfannschmidt said he still expected a positive result this financial year.<\/p>\n<p class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__small__1kGq2 body__full_width__ekUdw body__small_body__2vQyf article-body__paragraph__2-BtD\" data-testid=\"paragraph-9\">Nucera plans to forego a dividend for the foreseeable future, as outlined in its stock market prospectus.<\/p>\n<div class=\"article-body__element__2p5pI\"><\/div>\n<p class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__small__1kGq2 body__full_width__ekUdw body__small_body__2vQyf article-body__paragraph__2-BtD\" data-testid=\"paragraph-10\">&#8222;We want to invest all the funds we have available here in growth,&#8221; Pfannschmidt said.<\/p>\n<p class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__small__1kGq2 body__full_width__ekUdw body__small_body__2vQyf article-body__paragraph__2-BtD\" data-testid=\"paragraph-11\">($1 = 0.9258 euros)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BERLIN, Aug 28 (Reuters) &#8211; Thyssenkrupp Nucera\u00a0(NCH2.DE)\u00a0laid out growth plans on Monday after reporting strong sales and operating income, as the company works to meet growing demand for the green hydrogen hailed as key to decarbonising the German economy.<\/p>\n","protected":false},"featured_media":16705,"parent":0,"menu_order":0,"template":"","news-category":[],"class_list":["post-16943","green-hydrogen-news","type-green-hydrogen-news","status-publish","has-post-thumbnail","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Thyssenkrupp&#039;s Nucera targets growth to meet green hydrogen demand &#187; HHO Bulgaria<\/title>\n<meta name=\"description\" content=\"BERLIN, Aug 28 (Reuters) - Thyssenkrupp Nucera\u00a0(NCH2.DE)\u00a0laid out growth plans on Monday after reporting strong sales and operating income, as the company works to meet growing demand for the green hydrogen hailed as key to decarbonising the German economy.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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