on HDF (EPA:HDF)
HDF Energy: Revenue growth and industrial projects underway
Hydrogène de France (HDF Energy) recorded a strong increase in its revenue in 2024, reaching €11.1 million, compared to €3.9 million in 2023. This increase was mainly due to the delivery of fuel cells for the CEOG project. The group also inaugurated its industrial site in Blanquefort, marking a major turning point in its development.
In 2024, HDF refocused its efforts on priority projects, despite a challenging economic climate. France's support of €172.7 million is part of the IPCEI, strengthening HDF's industrial ambitions in the hydrogen sector.
However, the net loss increased from €7.8 million in 2023 to €10.9 million in 2024. Despite this increase, the group's cash position remains solid at €39.2 million at the end of 2024, enabling it to strengthen its positions over the long term.
R. H.
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