Editorial & Advertiser disclosure
Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.
Thyssenkrupp Nucera Lowers 2026 Forecast After Ending SOEC Production Plans
Thyssenkrupp Nucera Revises Financial Outlook Following SOEC Strategy Shift
Abandonment of SOEC Mass-Production Plans
Aug 11 (Reuters) – Thyssenkrupp Nucera said on Tuesday it has abandoned plans to establish its own mass-production capacity for solid oxide electrolysis cell (SOEC) stacks, taking a one-off EBIT hit of roughly €30 million in the fourth quarter.
Financial Impact of SOEC Decision
The charge would primarily result from an impairment of its pilot plant and capitalized development costs, the German electrolysis equipment maker said. SOEC technology is used to produce green hydrogen through high-temperature water electrolysis.
Updated 2026 Forecasts and Segment Outlooks
Revised EBIT and Sales Guidance
Thyssenkrupp Nucera now expects an earnings before interest and taxes (EBIT) loss of €105 million to €75 million ($86.52 million) in fiscal 2026, compared with its earlier guidance for an EBIT loss of €80 million to €30 million.
Group sales are now forecast at €450 million to €500 million for the fiscal, compared with €450 million to €550 million previously, while group order intake is expected at €550 million to €670 million.
Green Hydrogen and Chlor-Alkali Segment Performance
The company’s green hydrogen segment sales outlook was also lowered to €100 million to €130 million, from €120 million to €170 million previously. Its outlook for the Chlor-Alkali segment, however, remained unchanged.
Cost-Saving Measures and Project Updates
In May, Thyssenkrupp Nucera froze hiring in high-cost countries as part of broader savings measures, after its second-quarter loss widened due to higher costs for hydrogen projects and the termination of a U.S. pilot project.
($1 = 0.8669 euros)
(Reporting by Devika Nair in Bengaluru; Editing by Jonathan Ananda)
