on HYDROGEN REFUELING (EPA:ALHRS)
HRS's half-year revenue up 16%
HRS, the European leader in hydrogen refueling stations, announces first-half revenue of €8.6 million, up 16% compared to last year. This growth is due to increased activity in hydrogen stations to €7.3 million (+21%) and the ramp-up of maintenance activity (+33%).
The "Apollo" transformation plan has generated savings of €5 to €6 million per year. In parallel, an €8.5 million capital increase has strengthened the financial structure. HRS expects to achieve annual revenue of between €25 and €35 million.
With 31 stations in Europe and a branch in Dubai, HRS aims to increase its international capacity and presence in the market for intensive hydrogen applications.
R. H.
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