Nel ASA (NLLSF)

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Nel ASA: Third quarter 2021 financial results
Oct. 21, 2021 1:21 AM ETNel ASA (NLLSY)

Nel ASA: Third quarter 2021 financial results Oct. 21, 2021 1:21 AM ETNel ASA (NLLSY)

"OSLO, Norway, Oct. 21, 2021 /PRNewswire/ -- Nel ASA (Nel) reported all-time high revenues of NOK 229.3 million in the third quarter of 2021, up 55% from NOK 147.7 million in the same quarter of 2020 and an EBITDA of negative NOK 113 million (Q3 2020: -42.1) incl. one-offs and ramp-up cost. This includes costs relating to the ramp-up at the new Herøya facility, which will commence production for Nikola and Everfuel in the fourth quarter. The order backlog ended at NOK 1 014 million, up 8% from same quarter last year. The potential pipeline of orders continues to grow, currently amounting to more than USD 6 billion and Nel reiterates the strong long-term outlook and growth prospects for the sector."