Thyssenkrupp Nucera cuts fiscal 2026 outlook after abandoning SOEC stack 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 EUR30 million in the fourth quarter.
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.
Thyssenkrupp Nucera now expects an earnings before interest and taxes (EBIT) loss of EUR105 million to EUR75 million ($86.52 million) in fiscal 2026, compared with its earlier guidance for an EBIT loss of EUR80 million to EUR30 million.
Group sales are now forecast at EUR450 million to EUR500 million for the fiscal, compared with EUR450 million to EUR550 million previously, while group order intake is expected at EUR550 million to EUR670 million.
The company’s green hydrogen segment sales outlook was also lowered to EUR100 million to EUR130 million, from EUR120 million to EUR170 million previously. Its outlook for the Chlor-Alkali segment, however, remained unchanged.
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)
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Thyssenkrupp Nucera cuts fiscal 2026 outlook after abandoning SOEC stack production plans, source
