NEL ASA: Maues Numbers draws investors into the insecurity!

NEL ASA: Maues Numbers draws investors into the insecurity!

In a current analysis, Michel Doepke devotes himself from "The Shareholder" to the worrying developments related to the NEL ASA share, a Norwegian company that specializes in hydrogen technologies. The focus is on the latest figures that were published on Wednesday morning and which, due to the separation of the Cavendish Hydrogen petrol station, take a distorted view of the corporate performance.

The company reported a sales increase of 21 percent in the third quarter, which corresponds to 366 million Norwegian crowns in numbers, around 31.1 million euros. This sounds positive at first glance, but in the same period of the previous year, when the "Fueling Division" still contributed to sales, only 405 million crowns were generated. Analysts had expected a better number, which makes the current Situation appear less pleasant.

sales and operating result under pressure

Another aspect that influences the results is the decision of NEL to show only the "real" sales of customer orders. Additional income is no longer flowing into the latest reports, which could restrict the company's financial transparency. The company's loss report for the EBITDA in the third quarter is 90 million crowns (approx. 7.64 million euros), which far exceeds the expectations of the analysts of around 63 million crowns.

This setback in EBITDA could partially be due to the fact that not all analysts have taken into account the spin -off of Cavendish hydrogen in their estimates. Nevertheless, it is clear that NEL has to struggle with a decline in the order intake. In the past few weeks, "The Shareholder" has already pointed out the stagnating order situation, and the recent notice of termination of the capacity reservation contract with Hy Stor Energy further tightens the situation.

The current location for investors is anything but rosy. The predominantly negative assessment of corporate development suggests that NEL will continue to be under pressure as long as nothing decisive changes in the order situation. Investors seem hesitant and initially step on the brakes in terms of the commercial activities of the NEL share. This makes speculation on recovery in the near future appear unlikely.

Overall, the current financial situation of NEL presents itself as worrying. A look at the upcoming quarters will be crucial to determine whether the hydrogen specialist can create the turn or whether further setbacks are imminent. In view of the persistently poor order situation, the future of the company remains uncertain. For more detailed information on the financial situation of NEL and its evaluation, DetailsOrtKulmbach, Deutschland