)
Everfuel (EFUEL) investor relations material
Everfuel Q2 2024 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Focused on large-scale green hydrogen production and distribution for industry and mobility, with key projects in Denmark and supply agreements in Germany; land secured for over 2 GW electrolyser capacity and pipeline access to Germany by 2028.
HySynergy 1 commissioning is progressing, with start-up expected in the second half of 2024 after delays; 100 MW supply contract and grants for 130 MW expansion secured.
Strategic realignment and efficiency measures in 2023 reduced costs and extended capitalisation into 2025.
Voluntary cash offer of NOK 13 per share by a consortium of major shareholders, recommended by the Board, aims for delisting and improved long-term private financing; 75% of shares already committed.
Opened first hydrogen bus depot in Germany and resumed operation of seven hydrogen trailers; submitted proposal for a 2-GW electrolyser facility in Vejen, Denmark.
Financial highlights
Q2 2024 EBITDA improved to EUR -2.7 million from EUR -4.4 million in Q2 2023, driven by strategy realignment and downstream optimization.
Q2 2024 revenue from hydrogen sales was EUR 0.2 million, down from EUR 0.3 million in Q2 2023, with group revenue at EUR 0.8 million.
Gross profit for Q2 2024 was EUR 0.5 million, compared to a loss of EUR 2.5 million in Q2 2023.
Net loss for Q2 2024 was EUR 3.1 million, compared to EUR 4.6 million in Q2 2023.
Cash position at end of June 2024 was EUR 13.1 million, with approximately EUR 4 million reserved or restricted.
Outlook and guidance
HySynergy 1 expected to be operational and deliver hydrogen in the latter half of 2024, anticipated to materially boost revenue.
HySynergy 2 FID anticipated in 2025, subject to regulatory approval, funding, and demand.
Full-year 2024 financial result expected to be a net loss between EUR 11 million and EUR 15 million.
Additional liquidity required within 12 months; actions underway to secure funding for operations and investments into 2026.
Long-term ambition to reach over EUR 1 billion revenue and 30-35% EBITDA margin by 2035, based on more than 2 GW electrolyser capacity.
AI chat
Ask anything. Verify everything.
Ask across every event and document from public companies. Each answer links back to the exact line in the transcript, slide or filing it came from.Learn moreFind what matters
AI across all first-party IR material. Live calls, transcripts, slides, filings.)
Trust every finding
50m+ first-party documents. Every output traceable to its source.Automations
Zero in on what matters
Define the prompt once. It runs the moment a company publishes or on a schedule you set. Outputs map to the exact signals you choose.Learn more)
Event-triggered research
Runs when a company publishes new material. Trigger on the first published document for the earliest possible run, or wait for a specific one.)
Scheduled research
Runs on a recurring cadence you set. Daily, weekly, monthly, or quarterly, for aggregate reads across a period rather than a single event.Live audio & transcripts
Be first
Join any earnings call live in one click, with no manual registration. Follow the transcript as it happens and jump straight to the moments that matter.Learn more)
Live earnings calls
Join any call in one click. The audio keeps playing while you work elsewhere in Quartr.)
Live transcripts
Speaker-by-speaker, in real time. Searchable across every live and historical call.Quartr MCP connects your AI environment to 17K+ public companies
Quartr's AI stands out because it only pulls clean, first-party data from public companies. In investing, that's everything.
Jamie Ross
Investment Manager, GAM Investments
Research that used to take hours now takes seconds with Quartr Pro. Tracking shifts in tone or extracting tables, it's as simple as typing a query.
Tom O'Hara
Investment Director
Before Quartr we spent hours manually compiling insights through the peer earnings cycle. Now, these tasks are done faster, with greater precision.
Gregg Lampf
VP of Investor Relations
Being able to ask specific questions across years of transcripts and reports and instantly get verified answers is a game-changer.
Pontus Dackmo
CEO & Investment Manager
)
)
)
)