McPhy: 30% drop in sales in 2024

(CercleFinance.com) - McPhy Energy reports sales for fiscal year 2024 down 30% to 13.
1 million euros, impacted by termination indemnities for certain recharging station projects. Adjusted for this impact, sales amounted to 17.1 million euros.

Electrolyser sales rose by 15% to 15.8 million euros, representing 99% of total adjusted sales. It is split between the supply of McLyzer high-capacity electrolyzers (85%) and the Piel range (15%).

The company booked firm orders during 2024 worth 28.1 million euros (of which 23.4 million for the electrolyzer business alone), taking its backlog to 29.8 million (+25%).

McPhy reports a cash position of around 39 million euros at the end of 2024, and a 'reduced cash horizon until the third quarter of 2025, in the absence of the realization of strategic solutions for which active research is underway'.

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