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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Hydract
Hydract (HYDRCT) investor relations material
Hydract has been delisted
Hydract H1 2024 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.H1 2024 earnings summary30 Aug, 2024
Executive summary
Hydract's hydraulic valve technology targets the food and ingredient industry, offering energy savings and sustainability by replacing compressed air systems.
Major breakthrough in late 2023 with orders from three global dairies; H1 2024 focused on production and delivery for these projects.
No new projects secured in H1 2024; project execution costs and inventory buildup exceeded expectations.
Increased international interest and a growing sales pipeline, especially in the dairy sector.
Financial highlights
Revenue for H1 2024 was 3,079 TDKK, up from 371 TDKK in H1 2023, mainly from dairy projects.
EBITDA for H1 2024 was -5,201 TDKK, an improvement from -5,641 TDKK in H1 2023 due to a 20% cost base reduction.
Result before tax for H1 2024 was -6,927 TDKK, nearly unchanged from -6,925 TDKK in H1 2023.
Liquidity at end of H1 2024 was 217 TDKK, down from 5,170 TDKK at end of 2023.
Inventory increased to 6,250 TDKK from 1,597 TDKK at end of 2023 due to minimum order sizes and new product variants.
Outlook and guidance
Revenue guidance for 2024 maintained at 22–31 million DKK, with expectations to reach the lower end of the range.
Result before tax guidance revised downward to -4 to -5 million DKK, assuming the lower end of revenue is achieved.
H2 2024 expected to see intensified sales efforts and potential new orders in dairy, brewery, and ingredient sectors.
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Frequently asked questions
Hydract A/S, based in Holstebro, Denmark, specializes in developing water hydraulic solutions primarily for the beverage industry. Founded in 2008, the company focuses on simplifying production processes and addressing climate challenges by reducing electricity and water usage. Hydract's innovative approach is rooted in the use of water as a more reliable and energy-efficient medium for process valves, compared to traditional methods. This initiative not only targets enhanced operational efficiency and sustainability but also aims at improving food safety and reducing capital investments. The company is headquartered in Holstebro, Denmark, and its shares are listed on the Copenhagen Stock Exchange.