Tällaisen uutiseen ja yhtiöön törmäsin.
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https://cdn.hexagongroup.com/uploads/2021/02/HPUR-Q4-2020-Report.pdf
https://cdn.hexagongroup.com/uploads/2021/02/HPUR-Q4-2020-Presentation.pdf
Ei mitenkään hyvin mennyt loppuvuosi.
Hexagon Purus AS: Results for the fourth quarter 2020 | Hexagon (hexagongroup.com)
In the fourth quarter of 2020, Hexagon Purus’ (“the Company”) e-mobility business generated NOK 33 (73) million in revenues and recorded an operating profit before depreciation (EBITDA) of NOK -52 (-38) million. Revenues included deliveries to and/or milestone payments from five heavy-duty OEM/tier 1 customers and two aerospace customers. Approximately NOK 10 million of revenue expected in the fourth quarter of 2020 was pushed into the first quarter of 2021, mainly due to temporary supply chain delays.
Reported Hexagon Purus e-mobility revenue for the year 2020 decreased by 15% to NOK 180 million compared with NOK 211 million and reported EBITDA was NOK -141 (-143) million. The decrease in revenue for the quarter and year was primarily due to the completion of a heavy-duty BEV truck demonstration program started in 2019, partially offset by contribution from new heavy duty OEM projects and a new aerospace program. Continued investments in personnel and infrastructure to support and accelerate Hexagon Purus’ development drive negative profitability.
Key developments in the quarter
- Hexagon Purus was successfully spun off by Hexagon Composites, with existing Hexagon Composites shareholders receiving 15% of the Company’s shares in the form of a dividend-in-kind
- In conjunction with the spin off, Hexagon Purus’ intercompany debt owed to various Hexagon Composites entities was restructured such that Hexagon Composites ASA became the sole creditor for the total debt outstanding. Subsequently NOK 1 340 million of the debt was converted into equity by Hexagon Composites
- The Company successfully completed a private placement in December 2020 resulting in gross proceeds of approximately NOK 750 million to the Company; Hexagon Composites retains a majority ownership position in the Company
- Hexagon Purus’ shares were admitted to trading on Euronext Growth Oslo under the ticker HPUR
- The Company entered a multi-year master frame agreement with Everfuel to deliver multiple units of newly designed 45-foot hydrogen distribution systems. At signing, Everfuel ordered its first six distribution units under the agreement which has an estimated total value of EUR 14 million
- Hexagon Purus was awarded a contract by Hino Trucks, a Toyota Motors Company, to provide battery packs and drivetrain integration for three trucks as part of Hino’s “Project Z” Battery Electric Vehicle (BEV) program
- The Company signed a contract with Stadler Rail to develop and supply a hydrogen cylinder storage system for the first hydrogen commuter train in the U.S.
Oho, @sillinkutoja ehti ensin.
Tässä tuore sijoittaja harjoittelee lukuihin perehtymistä.
Ymmäränkö oikein, velka pienenee ja varastot ovat kasvaneet huomattavasti viime vuoden aikana?
Eli lyhytaikaiset rahaksi muutettavat varat on nousussa?
Tutkaileppa varastoja tarkemmin (eli rivi Inventories)… Cash- eli käteisriviä voi myös tsekkailla ja selvitellä mitä on tapahtunut.
Velkojen kehitys meni oikein!
Oslo (TDN Direkt): Hexagon Composites achieved a profit before tax of NOK -42 million in the fourth quarter of 2020, compared with a profit before tax of NOK 4 million in the same period last year. This is stated by the company in the quarterly report on Wednesday. Operating profit was NOK 7 million in the quarter (36), of operating revenues of NOK 803 million (941). Ebitda amounted to NOK 69 million in the quarter (98).
Oslo (TDN Direkt): Hexagon expects the first quarter of 2021 to be weak in the onshore oil and gas sector in North America. Hexagon writes in the company’s quarterly report on Wednesday. “Despite the weak quarter, the onshore North American oil and gas sector is recovering, which is expected to benefit the Mobile Pipeline,” the company said in the report. In the third quarter report, it was stated that Hexagon Composites saw low activity in the oil and gas sector on land in North America, which led to postponements of investments into 2021 (TDN article 6 November 2020). Furthermore, the company writes in the fourth quarter report that production from their key customer Volkswagen is expected to fall significantly in the first quarter of 2021, partly as a result of the covid-19 pandemic and temporary supply problems of semiconductors. The consequence of this is what the company expects will be a negative impact in the short term within Hexagon’s CNG LDV segment. Within LPG, Hexagon Ragasco expects strong seasonal demand from the European leisure market in the first half of 2021. The company also reiterates its ambition to double its turnover in the Ragasco business area by 2025.
Oslo (TDN Direkt): Although Hexagon does not see any direct competitor to the company’s digital investment Digital Wave, the company will consider acquisitions and mergers on an ongoing basis. This is what CEO Jon Erik Engeset of Hexagon says at the company’s quarterly presentation for the fourth quarter on Wednesday. - We see no direct competitor to Digital Wave yet. We have a first mover advantage, because even though the key technology is relatively well known, we are the first to use it in such a unique way, says the CEO. Although it appears from the presentation that Digital Wave only accounts for approximately 2 percent of the group’s revenues as a whole in 2020, both the CEO and CFO David Bandele express optimism about the new investment going forward. The CFO says during the presentation that the construction of Digital Wave already delivers profitable products. In 2021, Digital Wave will develop new business models that will incorporate: Internet of Things (IoT) and real-time monitoring of the condition of tank systems, extending service life and improving the circular economy of the industry as well as maintenance and rental models. - Some operational investments will be required to realize the opportunities, but seen at group level, these are moderate in size, says the CFO. During the question session, the CEO is asked if acquisitions and mergers (M&A) are on the table to deliver on the company’s goals in terms of Digital Wave. - M&A is definitely something we want to look at, and especially at companies that possess key technology that we want and that we can build on, Engeset answers.
Käännökset Google translate Norja->Englanti
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Hexagon Purus signs Joint Venture agreements with CIMC Enric for China and Southeast Asia, the world’s largest zero emission hydrogen vehicle and distribution market
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Tästähän oli jo hajua täällä aikaisemmin:
Hexagon Purus selected by Nikola Corporation to supply hydrogen cylinders for serial production
https://newsweb.oslobors.no/message/531565
multi-year period with an estimated sales value in excess of EUR 200 million.
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Yhteistyö uutisia.
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Hexagon Purus has received an order for hydrogen storage systems for KEYOU, a Munich, Germany-based clean mobility company. Hexagon Purus will supply hydrogen storage systems for KEYOU’s H2 combustion engine DEMO Bus with a leading European OEM and its DEMO truck project.
Driving the energy transformation
KEYOU has redesigned the traditional internal combustion engine enabling it to run on hydrogen as sustainable and clean fuel, bringing about a large leap in propulsion development. The company has succeeded in developing an emission-free, yet cost-effective hydrogen drive for commercial vehicles – without compromising performance, capacity or range.
“KEYOU and Hexagon Purus share a common vision and a common interest – to drive the energy transition and achieve clean air everywhere,” says Michael Kleschinski, EVP Hexagon Purus. “As more European countries and cities announce strategic policies to promote the decarbonization of mobility, more commercial vehicles—especially city buses and heavy-duty trucks—will be rapidly transitioned. KEYOU is dedicated to accelerating this development, and we are pleased to be a part of this exciting project.”
“Hexagon Purus is a global leader and expert for hydrogen storage and tank systems with over 50 years of experience in high-pressure technology. Since hydrogen storage is an integral part of our technology, we’re glad to have such a strong partner supporting us to realize our two prototype vehicles,” says Thomas Korn, CEO, and co-founder of KEYOU.
Onko kukaan perillä KEYOU firmasta, itse en ole tuollaisesta kuullutkaan aikaisemmin.
Näyttää raskaan puolen tekijä olevan.
Edit:
Ilmeisesti siis raskaan puolen toimija, pikaisella tutkinnalla ei vaikuta omaan silmään vielä miltään isolta toimijalta. Projekteja löytyy firmalla vetypuolelta jonkin verran. Hexagonin kannalta varmasti todella hyvä juttu. Myös tilaaja vaikuttaa mielenkiintoiselta vetysektorilla.
19-11-21_KEYOU_H2-Engine-Today_TU-Berlin_AS
Kerta kiellon päälle:
2021 Pre series ja 2022 tavoite EOM tuotantoon (kenttätetejä varten)
Jos oikein ymmärsin.
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Sähköpostiin tilattu uutiskirje Purukselta 29.6:
Reference is made to the release from Saga Pure ASA (SAGA), published on 29 June 2021, regarding the acquisition of Hyon and partnering with Nel and Norwegian Hydrogen.
“Hexagon Purus (HPUR) is pleased to see the re-purposed focus for Hyon AS and congratulates Saga Pure ASA on the transaction. The new partnership structure will secure development and supply of a crucial part of the maritime hydrogen value chain with bunkering solutions,” says Morten Holum, CEO Hexagon Purus.
“As announced on 28 June 2021, Hexagon Purus ASA will escalate its efforts in the maritime sector with its new business area, Hexagon Purus Maritime. At the same time, as a significant shareholder in Norwegian Hydrogen, we remain invested in the consortium and look forward to continuing collaborative efforts with Hyon and partners,” concluded Holum.
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Yhtiön q2 ulkona ja hyvältähän tuo näyttää varsinkin liikevaihdon osalta:
Revenue more than doubled year over year to NOK 94m
- Robust hydrogen distribution activity with Air Liquide global supply
agreement as well as several purchase orders for cylinders and modules from
industrial gas companies - Signed agreements with Nikola Corporation for the development and supply of
hydrogen cylinders and with Velocity Vehicle Group to supply integrated
drivetrains and battery packs for medium duty commercial electric vehicles - Established Hexagon Purus Maritime as a separate business area to accelerate
development efforts in the maritime segment - Preparing and executing on several expansion and investment initiatives
In the second quarter of 2021, Hexagon Purus Group generated NOK 94 (46) million
in revenue and recorded operating profit before depreciation (EBITDA) of NOK -69
(-20) million. Revenue growth of 104% was driven by increased activity in
hydrogen distribution and transit bus applications.
Reported revenue for the first half of 2021 grew 54% to NOK 146 (94) million
driven by increased distribution, transit bus and aerospace business while
EBITDA was NOK -131 (-64) million.
Tiedotteessa myös pitkä lista h1 ajan päätapahtumista ja onhan se positiivista luettavaa. Etenkin sopimus Air Liquidin kanssa oli mielestäni suurin kohokohta q2 aikana. Rahaa palaa, mutta sopimuksia syntyy ja liikevaihto kasvaa kuten pitääkin toisin kuin joidenkin vety-yhtiöiden kohdalla, joilla tuntuu vauhti hieman hyytyneen (esim. Mcphy).
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Vihdoin jotain uutta tapahtuu:
Hexagon Purus ASA (“Hexagon Purus”), a global leader in zero emission mobility solutions, has entered into an agreement to acquire 100% of Wystrach GmbH (“Wystrach”), a leading European systems and solutions provider for storage and transport of compressed gases (the “Transaction”). The combination brings unprecedented expertise and capacity together to create the vertically integrated industry leader in hydrogen storage solutions.
About Wystrach
Wystrach is a leading European hydrogen systems provider with over 30 years’ experience in high pressure gaseous storage systems
Specializes in the design, manufacturing and assembly of hydrogen systems including steel system structures and high-pressure piping. Wystrach is a long-standing customer of and partner to Hexagon Purus
Recognized as a leading supplier within both the industrial and transportation segments, serving blue chip customers like Air Liquide, Linde, Alstom and Daimler
Recorded revenues of EUR 24.1 million and EBITDA of EUR 2.1 million in FY 2020
Headquartered in Weeze, Germany, with 185 employees
Privately owned by Jochen Wystrach and Wolfgang Wolter (the “Selling Shareholders”)
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Vaikuttaa päällisin puolin hyvältä kaupalta ja tällaista hajanaisen kentän yritysjärjestelyjä onkin odotettu.
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Vaikuttaa strategisesti järkevältä ostokselta!
Otetaan vielä kommentit uutisesta
" “In Hexagon Purus, we believe that progress can’t wait. Together with Wystrach, we share the ambition to lead the industry and contribute to a vision of Clean Air Everywhere . By combining forces, we will have the scale and position to accelerate the transition to hydrogen and in doing so, deliver significant value to customers, shareholders and society going forward,” said Morten Holum, CEO of Hexagon Purus . “The addition of Wystrach supports and accelerates our growth plans in three key respects. It brings highly complementary capabilities, it expands our product portfolio and it adds significant capacity needed to meet industry demand.”
“Today’s market is highly dynamic. It demands strong alliances and brings up new constellations. We have a long history of working with Hexagon Purus and a common understanding of the market and its opportunities. Together we make climate-friendly hydrogen applications a part of everyday life. Hexagon Purus is the right industrial owner to further strengthen Wystrach and the legacy we have built from the ground up,” said Wolfgang Wolter, Co-CEO of Wystrach.
“This combination is a great fit from both a cultural perspective and from a segment expertise and customer perspective. It strengthens our offering and gives us the capacity and additional expertise to support customers in their transition to sustainable energy,” said Michael Kleschinski, EVP Hexagon Purus . “I have great respect for what the team at Wystrach has accomplished under the leadership of Wolfgang Wolter and Jochen Wystrach. I look forward to combining our employees’ skills and industry expertise to become THE provider of turn-key hydrogen solutions in the industry.”"
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