Nel sees losses again in Q3 despite significant operating profit

The loss is not quite as large as previously experienced for the Norwegian electrolysis manufacturer.

Nel has made significant progress on operating profit in the most recent quarter, but the bottom line is negative. | Photo: Nel

As in previous quarters, the two divisions, Electrolyser and Fueling, have in the latest quarter been extremely important for Norwegian Nel. The two have been credited for the booming turnover at the Norwegian electrolysis manufacturer, with Electrolyser alone contributing 79% of the turnover in the third quarter of the year.

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