EQS-Adhoc: Enapter AG adjusts forecast for financial year 2024 as some sales shift to 2025

EQS-Ad-hoc: Enapter AG / Key word(s): Change in Forecast/Miscellaneous
Enapter AG adjusts forecast for financial year 2024 as some sales shift to 2025

20-Nov-2024 / 18:10 CET/CEST
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Explanatory part

Enapter AG's growth path remains intact, particularly in the area of electrolysers with an output of 1 MW. Among other things, the orders already reported for the Hydrogen Valley initiative in Italy underpin the continuous growth in this segment. At the same time, the company is registering a continuous increase in demand for large-scale industrial plants for hydrogen production in the USA. The order backlog currently stands at around EUR 50 million.

Jürgen Laakmann, CEO of Enapter AG: "2024 was a year of far-reaching strategic decisions that will shape our future growth. Together with our joint venture partner Wolong, we were recently able to present our first megawatt-class electrolyser produced in China. At the same time, our US business is gaining momentum. We have also entered into our first core partnership with Dutch company Adsensys B.V.. The company will launch its own electrolysers based on our pioneering AEM technology as early as 2025. All of this makes us very confident that we will be able to conclude further core partnerships in 2025 and realize extensive major orders in Asia, Europe and the USA."

About Enapter

Enapter is the market leader in the field of AEM electrolysers - innovative devices that produce green hydrogen. The company's patented and proven anion exchange membrane (AEM) technology eliminates the need for expensive and rare raw materials such as iridium and enables maximum yield from fluctuating renewable energies such as solar and wind and thus highly efficient production of green hydrogen thanks to a unique modular design. Thousands of Enapter AEM electrolyzers are already in use at around 360 customers in more than 55 countries in the fields of energy storage, industrial applications, refueling, power-to-X and research. The Enapter Group is headquartered in Germany and has a research and production site in Italy.

Enapter AG (H2O) is listed on the regulated market of the Frankfurt and Hamburg stock exchanges, ISIN: DE000A255G02.

Further information:

Website: https://www.enapter.com
Twitter: https://twitter.com/Enapter
LinkedIn: https://www.linkedin.com/company/enapter
Facebook: https://www.facebook.com/enapterenergystorage
Instagram: https://www.instagram.com/enapter/

Contact financial and business press:

Ralf Droz / Doron Kaufmann
edicto GmbH
Phone: +49 (0) 69 90 55 05-54
E-Mail: enapter@edicto.de

20-Nov-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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