Thyssenkrupp Nucera AG & Co. KGaA (NCH2.DE) Wednesday said that it slipped to loss in the first quarter, impacted by a 44 percent decline in sales and lower order intake. Additionally, the company confirmed its outlook for the year ahead.
The company, which supplies electrolyzer technologies, posted first quarter net loss of 3 million euros or 0.02 euros per share, compared to net income of 9 million euros or 0.07 euros per share in the year-ago quarter.
During the three-month period, order intake fell to 75 million euros from 95 million euros in the same period last year, impacted by project-related delays in the Green Hydrogen segment and a temporary decline in new orders in the Chlor-Alkali business.
Thyssenkrupp Nucera said that group sales fell 44 percent to 147 million euros in the first quarter from previous year's 262 million euros, mainly due to the high degree of completion of contractually agreed customer projects in the alkaline water and Chlor-Alkali electrolysis areas.
Looking ahead, for fiscal 2026, the company reaffirmed its outlook of sales of between 500 million euros and 600 million euros and consolidated EBIT is expected to be between -30 million euros and 0 million euros. Order intake at Group level of between 350 million euros and 900 million euros is expected in the year ahead.
On the XETRA Exchange, NCH2.DE ended Tuesday's trading at 9.31 euros, up 1.4 percent.
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