EQS-News

Enapter AG publishes preliminary figures for financial year 2022

EQS-News: Enapter AG / Key word(s): Preliminary Results Enapter AG publishes preliminary figures for financial year 2022 24.03.2023 / 11:40 CET/CEST The issuer is solely responsible for the content of this announcement.

Enapter AG publishes preliminary figures for financial year 2022

 

• Adjusted forecast for turnover and annual result met
• Turnover in 2022 increases by 75 % to 14.7 million euros
• Order book offers high visibility for 2023 and beyond
• High demand for AEM electrolysers worldwide, especially for AEM Multicore
• Turnover expected to double to around 30 million euros with EBITDA of -10 to -11 million euros in the 2023 financial year

 

Berlin (24 March 2023); According to preliminary figures, Enapter AG (ISIN:DE000A255G02) achieved sales of 14.7 million euros in 2022, after 8.44 million euros in the previous year. EBITDA was around -10.7 million euros (previous year: -7.62 million euros) and the annual result was around -12.8 million euros (previous year: -8.7 million euros). The development of turnover and earnings in 2022 was thus in line with the company's own expectations.

The order backlog at the end of 2022 was around €13.5 million, of which around €9.1 million will fall into FY 2023.
Customer enquiries increased strongly in 2022, so that a pipeline of around 433 million euros has
currently formed (as of 31.08.2022: 342 million euros). 
Enapter is experiencing very high demand for its products. Especially the demand for the AEM Multicore has increased noticeably.

For 2023, Enapter expects EBITDA to be in the range of -10 to -11 million euros on revenue of around 30 million euros, thus maintaining the earnings expectation for 2023 last published on 10 February 2023.

 

The year 2023 will be significantly characterised by the further expansion of production capacities for the electrolyser model EL 4.0 at the site in Pisa/Italy. Here, production has been continuously increased since October, thus meeting the growing demand for the electrolyser of the latest generation. Thus, in the fourth quarter of 2022 alone, Enapter delivered more than 1,200 EL 4.0 electrolysers to customers.  In addition, Enapter will assemble the first prototypes of the AEM Multicore product, Enapter's megawatt-class electrolyser, at its site in Saerbeck/Germany. In 2024, it is planned to reach pre-series maturity of the Multicore and to deliver further units to customers. In the future, it is planned to produce the hydrogen stacks of the Multicore, with their special requirements for the megawatt class, in series in Saerbeck.