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Posted by
Two Blokes Jul 17 -
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Stock
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Key developments in Q2 2025 and after balance sheet date: • Quarterly revenue of NOK 193 million in the second quarter of 2025, 63% lower compared to same quarter last year;• EBITDA of NOK -161 million in the second quarter of 2025, compared to NOK -97 million in the same period last year;• Signed new supply agreement with Hino Trucks for supply of class 6 & 7 battery electric trucks to the U.S. market and initiated process to explore options for the BVI segment;• Exited the quarter with order backlog consisting of firm purchase orders of close to NOK 1.1 billion. “We have had a tough second quarter with revenue ending at NOK 193 million, which is down 63% year-over-year due to significantly lower activity in hydrogen infrastructure and hydrogen heavy-duty mobility.
