Q3 2025 thyssenkrupp nucera AG & Co KgaA Earnings Call Transcript
Key Points
- thyssenkrupp nucera AG & Co (THYKF) has raised its EBIT expectations for the fiscal year '24-'25 due to solid nine-month performance.
- The company has secured a paid FEED study for a 600 megawatt green hydrogen project, positioning it as a preferred technology provider for projects totaling around 1.5 gigawatts in Europe.
- thyssenkrupp nucera AG & Co (THYKF) continues to lead the chlor-alkali market with new build, expansion, and service projects globally.
- The NEOM project, the world's largest green hydrogen plant, is more than 80% complete, demonstrating strong project execution capabilities.
- The company has a strong financial position with net financial assets totaling EUR660 million, supporting future growth and resilience.
- The green hydrogen business has been impacted by project delays and a challenging market environment, leading to a decline in order intake.
- Sales in Q3 saw a year-on-year decline due to a high base of comparison and the advanced stage of completion of the NEOM project.
- The order backlog has decreased due to further progress in project execution and a lack of large new green hydrogen orders.
- The company expects order intake in Q4, particularly for green hydrogen, to remain subdued due to a possible time gap between signing and FID.
- There are challenges in the market for super large green hydrogen projects due to offtake risks, lack of infrastructure, and regulatory uncertainty.
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Good morning, everyone, and welcome to the thyssenkrupp nucera Q3 and nine Months Earnings Call. Thank you for joining us. We appreciate your interest in thyssenkrupp nucera. With me today are our CEO, Werner Ponikwar; and our CFO, Stefan Hahn. They will guide you through today's presentation.
Before we start, let me briefly mention the usual formalities. First, this conference call is being recorded. A replay and a short summary in form of podcast will be available on our website later today. Secondly, don't forget that today's presentation and possibly some of the answers to your questions may contain forward-looking statements. Please refer to the disclaimer for further information.
And with that, I would like to turn the presentation over to Werner Ponikwar.
All right. Thanks, Hendrik. Good morning, everyone. Great to have you
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