Green Hydrogen Systems tripled value of A.P. Moller Holding loan
In the course of six months, the value of A.P. Moller Holding’s convertible loan to Green Hydrogen Systems tripled. This could be gleaned from losses reported in the 2021 accounts, but the hydrogen company wouldn’t have seen the same progress without the loan, says head of investor relations.
BY VIKTOR BRANDT KÆRGAARD, TRANSLATED BY CHRISTOFFER ØSTERGAARD
A deficit of DKK 492.9m (EUR 66.3m) was the reported net loss Green Hydrogen Systems reported in the beginning of March. However, less than a third of it – DKK 149 – stemmed from operating losses. However, the biggest loss was tied to financial expenses.
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