Metacon publishes interim report for Q2 2023

I am proud to announce that the second quarter is the most successful in the company's history in terms of revenue. This is not least a result of the hard work and dedication of our employees, which has led to successful sales of various alkaline electrolysers and integrated filling stations as well as our first PEM electrolyser, comments Christer Wikner, President and CEO.

For the full CEO-comment, see the Interim report in its entirety.

Quarter for the Group April–June 2023

• Revenues amounted to SEK 28.0 (20.5) million.
• Earnings before depreciation and amortization (EBITDA) amounted to SEK -15.0 (-4.5) million.
• Operating profit (EBIT) amounted to SEK -17.7 (-15.3)* million.
• Profit/Loss after financial items amounted to SEK -18.0 (-15.4)* million.
• Earnings per share amounted to SEK -0.05 (-0.06)*.

Period for the Group January–June 2023

• Revenues amounted to SEK 44.3 (33.0) million.
• Earnings before depreciation and amortization (EBITDA) amounted to SEK -27.7 (-10.3) million.
• Operating profit (EBIT) amounted to SEK -33.1 (-31.7)* million.
• Profit/Loss after financial items amounted to SEK -33.5 (-31.9)* million.
• Earnings per share amounted to SEK -0.09 (-0.12)*.

Significant events during and after the quarter

• On April 19, Metacon announces that the subsidiary Helbio receives three different ISO certifications.
• On May 26, it is announced that Metacon, together with Uppvidinge Hydrogen, will inaugurate Sweden's first public hydrogen filling station for refueling both heavy vehicles and passenger cars with hydrogen produced with electricity from its own wind turbine in August in Småland.
• On May 31, Metacon announces that Pherousa Green Technologies AS (PGT), and affiliated company of Metacon's subsidiary Helbio S.A., has designed and is preparing an order for up to six ships powered by ammonia fuel, which is made possible by Helbio's technology based on ammonia-to-hydrogen reforming.

This information is information that Metacon AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out below, on 24 August 2023 at 08:00 CEST.

For additional information, contact Christer Wikner, on +46 (0)707 647389 or e-mail [email protected]

About Metacon AB (publ)

Metacon AB (publ) develops and manufactures energy systems for the production of hydrogen, heat and electricity. The products in the Reforming business area are based on a patented technology that generates hydrogen through catalytic steam reforming of biogas or other hydrocarbons. The development of Metacon's reforming products is done within the wholly-owned subsidiary Helbio S.A in Patras, Greece. The business is focused on catalytic process chemistry and advanced reformers for highly efficient hydrogen production. 

Metacon also offers complete integrated filling stations for hydrogen and system solutions and facilities for the production of hydrogen through so-called electrolysis, a large and globally growing area for small and large-scale production of green hydrogen. Electrolysis is a process in which you drive a chemical reaction to split water by adding electricity. If the electricity used is non-fossil, the hydrogen will also be fossil-free and climate-neutral. Green hydrogen can be used in transport, basic industry and the real estate sector, with a better environment and climate as a result. www.metacon.com