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Hynion (HYN) investor relations material
Hynion H1 2024 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.H1 2024 earnings summary17 Sep, 2024
Executive summary
Revenue from hydrogen sales increased 76% year-over-year to MNOK 3.96 in H1 2024, driven by operational streamlining and strategic partnerships.
Net loss narrowed to MNOK 9.26 from MNOK 17.96 in H1 2023, reflecting improved cost control and efficiency.
Major milestones include construction of new generation hydrogen refueling stations in Västerås and Jönköping, both on track for completion in 2024.
Secured SEK 15 million in project financing and new supply agreements to ensure stable hydrogen supply.
Strategic collaborations with Toyota Norway and Hyundai Motor Norway to expand hydrogen infrastructure.
Financial highlights
Revenue: MNOK 3.96 in H1 2024 vs. MNOK 2.25 in H1 2023.
Net loss: MNOK 9.26 in H1 2024 vs. MNOK 17.96 in H1 2023.
Cash balance: MNOK 4.36 at period end, down from MNOK 31.29 a year earlier.
Operating expenses reduced to less than half compared to prior year.
Outlook and guidance
New station in Örnsköldsvik funded by Swedish Climate Leap, with further high-capacity stations and production plants in planning.
Ongoing discussions with strategic business and financial partners for future projects.
Both Västerås and Jönköping stations expected to be completed within 2024 despite some delays.
What is the plan to address cash burn?
Future grant receipts for station completion?
How were operating costs reduced by over 50%?
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H1 202512 Nov, 2025
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Frequently asked questions
Hynion AB, through its subsidiary, Hynion Sverige AB, engages in the production and distribution of hydrogen fuel to power trains, cars, and other machines that use internal combustion engines. It also sells propeller engines and electric motors for industrial, agricultural, and marine applications. The company was founded in 2013 and is based in Vasteras, Sweden.
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