Electrolysis specialist thyssenkrupp nucera has said that the global market for green hydrogen has been ‘challenging’ over the past year, partly due to ‘restraint’ in investment decisions.
The Dortmund-based company made the assessment as it published its preliminary results for the 2024/25 reporting year, with sales expected to come in at €845 million for the year, compared to €862 million the previous year.
EBIT is expected to be positive, however, at €2 million, following a €14 million negative EBIT in 2023/24.
Green Hydrogen segment
In its Green Hydrogen segment, which uses alkaline water electrolysis (AWE) technology to produce climate-neutral hydrogen, thyssenkrupp nucera saw its sales fall to €459 million (compared to €524 million a year ago), and while EBIT was also negative at minus €56 million, it was an improvement on the previous year (€76 million).
Order intake for the 2024/25 financial year is expected to total €348 million, compared with €636 million the previous year.
‘Proactive measures’
“The situation on the market for green hydrogen became even more challenging in the reporting year,” commented Dr. Werner Ponikwar, CEO of thyssenkrupp nucera. “Restraint in final investment decisions continues. In addition, the global economic environment deteriorated.
“To bridge this phase, we have taken proactive measures. These will reduce the lower cost coverage associated with the decline in sales and the impact on EBIT. Thanks to our excellent positioning in the hydrogen and chlor-alkali market and our very high financial resilience, we can and will overcome the challenges and continue to successfully pursue our strategic goals.”
For its 2025/26 fiscal year, thyssenkrupp nucera’s management board expects consolidated sales to come in between €500 million and €600 million, and the company said that it has commenced implementing measures intended to address the expected reduction in cost coverage resulting from lower sales volumes.
EBIT is expected to come in at between minus €30 million and €0 million. Read more here.
