on HYDROGEN REFUELING (EPA:ALHRS)
Hydrogen Refueling Solutions (HRS) Half-Year Results 2023/2024
Hydrogen Refueling Solutions (HRS) has revealed its half-year results for the period July to December 2023, marking a 20% increase in turnover, reaching €12.8 million. This first half reflects the usual seasonality of the sector, with current EBITDA at -4.1 million euros. Despite an increase in operating expenses, the company maintains rigorous cost management.
The order book for 2024-2027 amounts to 51 million euros, concerning 63 hydrogen refueling stations. HRS's growth strategy remains strong, supported by major business development initiatives, including the creation of a subsidiary in the United States. The European Union continues to support this sector through significant funding, aiming for a significant deployment of infrastructure across the continent.
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