#Sweden #Stockholm #Hydrogen Production #Metacon AB #Electrolysis

Metacon's Annual Report 2024 Highlights

Metacon AB, a leading player in energy systems specializing in green hydrogen production, has published its Year-end report for the year 2024. The year has been an extraordinary period for the company, marked by substantial growth and development. Notably, Metacon reported a nearly fivefold increase in order intake, climbing from EUR 4.2 million in 2023 to an impressive EUR 19.8 million in 2024.

Key Financial Highlights

In the fourth quarter alone, Metacon reported revenues of SEK 16.8 million, a significant leap from SEK 1.4 million in the same quarter of the previous year. However, the company faced some challenges, as highlighted by their EBITDA, which stood at SEK -33.4 million, reflecting an increase in losses compared to the prior year's result of SEK -17.4 million. The operating loss also widened to SEK -36.3 million from -20.6 million year-over-year.

For the entire year, revenues reached SEK 42.8 million, down from SEK 67.2 million the previous year. Despite this drop, the company is focusing on long-term growth strategies, including scaling up their operations and establishing key collaborations to address market demands effectively. Their annual profit loss increased to SEK -137.9 million in contrast to SEK -77.8 million from last year. Additionally, the board has proposed not to pay a dividend for the financial year 2024.

Strategic Initiatives and Collaborations

As part of their commitment to growth, Metacon has invested heavily in product development and forged new partnerships. This strategic positioning has allowed the company to transition from managing small-scale projects to undertaking significant large-scale electrolysis initiatives. Their collaboration with PERIC Hydrogen Technologies in China has been particularly fruitful in offering complete electrolysis plants designed for mass hydrogen production.

On October 15, 2024, Metacon made a pivotal announcement regarding a rights issue of approximately SEK 138 million, which stakeholders approved in an Extraordinary General Meeting held on November 15. Following this, the outcome of the rights issue was disclosed on December 10, paving the way for further financial stability and growth ahead.

Additionally, on January 29, 2025, Metacon announced an increase in its stake in Pherousa through a small investment in a new share issuance, indicating ongoing proactive engagement in solidifying their market position.

Looking Ahead

Looking forward, Metacon aims to solidify its competitive edge in the rapidly evolving hydrogen market. Their business model not only leverages advanced electrolysis technologies but also focuses on reforming processes that utilize renewable biogas and bioethanol for hydrogen generation. The latter is positioned to play a crucial role in fostering clean transportation solutions globally.

In conclusion, despite facing significant challenges, Metacon’s Year-end report for 2024 reflects a strong commitment to growth and innovation. The company is poised for future expansion, with exciting developments underway that promise to advance its mission of providing sustainable and innovative hydrogen solutions. Stay connected with Metacon for more updates on their journey towards a greener future.