Nel ASA has reported revenues for the second quarter (Q2) 2019 of NOK 122.5m ($13.6m), in line with company outlook, and an all-time high order backlog of NOK 568m ($63m) at the end of the quarter.
Nel booked a provision of NOK 35m ($3.9m) to cover estimated cost, net of estimated insurance coverage, related to the incident at the Kjørbo hydrogen station, and is on-track getting stations back in operations.
“Nel ended the quarter with an all-time high order backlog and solid pipeline of prospects, reflecting the market opportunities provided by our leading technology across segment,” said Jon André Løkke, CEO of Nel.
In Q2 (2019), Nel reported revenues of NOK 122.5m ($13.6m), in line with company outlook, compared to NOK 135.8m ($15.1m) in Q2 2018.
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