Q3 2025 Nel ASA Earnings Call Transcript
Key Points
- NEL ASA (NLLSF) reported a strong rebound in revenue for the third quarter, with a 74% increase compared to the second quarter.
- The company maintains a healthy cash balance of 1.8 billion NOK, providing financial stability.
- NEL ASA (NLLSF) has a significant order backlog of 984 million NOK, indicating strong future demand.
- The company is investing heavily in R&D for next-generation platforms, showcasing a commitment to innovation.
- NEL ASA (NLLSF) has established strategic partnerships with industry leaders like Samsung, Reliance, and General Motors, enhancing its market position.
- The company reported a decrease in revenue by 17% compared to the previous year, indicating challenges in the market.
- EBITDA was negative at minus 37 million NOK, reflecting ongoing profitability challenges.
- Cash flow from operating activities was weaker than expected due to payment milestone issues.
- The market for electrolyzers has been slower than anticipated, impacting sales and order intake.
- Regulatory barriers in Europe are hindering the development of hydrogen production solutions, affecting project realizations.
Good morning from Oslo.
We are ready to announce Nell's 3rd quarter 2025 results presentation.
My name is Joo Modal.
Just sorry, the microphone is on William.
My name is Ocom Model. I am the CEO of Nell with me today. I have, our CFO here Christian Berson, and, also, Willem Flinish, our head of IR communication and marketing.
We have the following agenda, now in brief, highlights from the 3rd quarter, a short commercial update, a short political update, and a short technology update, and we will, as always, end the session with the questions and hopefully answers.
Nell is a fully dedicated electrolyzer technology company. We have been listed on the Oslo Stock Exchange since 2014. We have sold more than 7,000 electrolyzer stacks across the world. I think if we do the count, it's now more to more than 80 countries, and we have been in business since 1,927.
We have 1.5 gigawatts of manufacturing capacity, 1 gigawatt here in Norway and half a gigawatts in the US forEM.
We are about
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
