☝️Positive EBITDA for the first time: “2023 was the most successful year in Enapter's history to date,” says our CEO Jürgen Laakmann with reference to the preliminary figures⬇️ At Enapter, we achieved positive EBITDA for the first time in our company’s history and saw a very positive trend in revenue growth according to the preliminary figures for 2023. 📈𝗞𝗲𝘆 𝗳𝗶𝗴𝘂𝗿𝗲𝘀 𝗳𝗼𝗿 𝘁𝗵𝗲 𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝘆𝗲𝗮𝗿 𝟮𝟬𝟮𝟯: • Revenue: EUR 31.5 million (up 114% from EUR 14.7 million in the previous year) • EBITDA: EUR 0.4 million (compared to previous year's EUR -10.58 million) • Net loss: EUR -7.1 million (compared to previous year's EUR -12.98 million) 💼 𝗠𝗮𝗿𝗸𝗲𝘁 𝗴𝗿𝗼𝘄𝘁𝗵 & 𝗯𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗼𝘂𝘁𝗹𝗼𝗼𝗸: • Order backlog: EUR 26 million (EUR 14 million in the 2024 financial year) • Customer inquiries: EUR 1.6 billion in 2023 Demand for our larger-scale multi-core #AEM Electrolyser class has increased significantly: These devices that include our AEM Nexus as well as the AEM Flex 120 now account for around 95% of total enquiries. In autumn 2023, the share was still 85%. The very large share of AEM products within our multi-core class in the overall demand for AEM Electrolysers reflects the significant growth in demand from industry and logistics for solutions for large quantities of green hydrogen. The competitive advantages of our patented AEM technology include its scalability, modular design and the fact that it does not require rare and expensive materials in production. In particular, iridium, the world market price of which fluctuates greatly due to a short supply, is not used in Enapter’s AEM Electrolysers. Our CEO Dr Jürgen Laakmann states: “According to the preliminary figures, 2023 was the most successful year in Enapter’s history to date. We are particularly pleased that we achieved a balanced EBITDA for the first time. In our view, the result and the good order situation confirm that Enapter will make a significant contribution to the global decarbonisation of energy generation and industry with its iridium-free and thus future-proof modular AEM Electrolysers. Our focus is now on opening up new markets with our proven AEM technology and thus generating further growth potential.” Find a link to the full corporate news for the capital markets in the comments. 𝗔𝗻𝗱 𝗶𝗳 𝘆𝗼𝘂’𝗿𝗲 𝗹𝗼𝗼𝗸𝗶𝗻𝗴 𝘁𝗼 𝘀𝘁𝗮𝗿𝘁 𝘆𝗼𝘂𝗿 𝗼𝘄𝗻 𝗴𝗿𝗲𝗲𝗻 𝗵𝘆𝗱𝗿𝗼𝗴𝗲𝗻 𝗽𝗿𝗼𝗷𝗲𝗰𝘁 𝗻𝗼𝘄?⬇️ Then request a quote for our scalable AEM Electrolysers today, catering to your needs from kW scale to the MW range: ▶️ https://lnkd.in/eWHrf-_H ◀️ #greenhydrogen #energytransition #wasserstoff #AEMelectrolyser
A big thank you to everyone who contributed to this milestone. This is a great team effort. Let's keep going!
Please read the full company announcement for the capital markets over here: https://go.enapter.com/kp2DU
Net Loss is still in the bottom line (although decreasing), benchmarking with other industries, Enapter is facing a Depreciation problem. Reduce Depreciation in operating performance, to turn the bottom line into positive, by focusing more on operational efficiency and optimizing of asset management, anyway we should say Congratulations for the positive EBTIDA of 2023!
Awesome, really happy to hear about Enapter progress!!! 🙏
Heartiest Congratulations Team Enapter Achieving a positive EBIDTA speaks volumes on how the company is run. This is inspirational stuff. Happy and Proud to be a Enapter Partner.
great news
Six years ago we started our journey together, every day has been a stepping stone for growth, let take it to the next level together
Congratulations
This is an amazing journey. So good to watch you guys rock it.
Head of Sales, EMEA
3moan amazing idea, an amazing product, an amazing business 👍