Lhyfe: share up, H1 losses reduced

(CercleFinance.com) - Lhyfe shares gained over 4% on Tuesday morning on the Paris Bourse, following the publication of H1 results marked by a reduction in losses, thanks to a more than fourfold increase in sales.


This morning, the specialist in the production of green and renewable hydrogen reported sales of 1.7 million euros for the first six months of the year, compared with 0.4 million for the first half of 2023.

In a press release, the group attributes this performance to the ramp-up of its production as a result of the expansion of its customer portfolio following the signing of new contracts in France and Germany.

As a result, its current operating loss was reduced to 13 million euros over the half-year, compared with -16.2 million at June 30, 2023, while its net loss stood at 14 million, compared with -15.9 million in H1 2023.

The company also confirmed its targets for FY 2024, namely a fourfold increase in sales compared with FY 2023, i.e. a sales target of around five million euros.

For fiscal 2026, Lhyfe is still targeting an adjusted operating margin (Ebitda) of around 10%, for consolidated sales of around 100 million euros.

At June 30, the Group's financial position was described as "solid", with 93 million euros in cash and cash equivalents, compared with 114 million at December 31, 2023.

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