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Combination of full costs and low activity drags Nel's operating result down

The Norwegian hydrogen company saw positive figures on the bottom line, increased revenue and a fatter order book at the end of Q1. However, the company’s operating deficit is also growing.

Photo: PR Nel Hydrogen

At the end of Q1 2022, Nel reports positive figures on its bottom line.

However, this was mostly due to accounting technicalities, as the earnings before interest, taxation, depreciation and amortizations remain negative.

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