15.02.2022 - Hexagon Purus delivered strong year-over-year revenue growth in Q4 2021 and successfully completed the transformative acquisition of Wystrach GmbH ( Wystrach ). Q4 2021 highlights: Revenue grew 690% year over year to NOK 259 million, including .
Hexagon Purus delivered strong year-over-year revenue growth in Q3 2021 and announced the transformative acquisition of Wystrach GmbH ("Wystrach"). Q3 2021 highlights: Revenue grew 96% year over
Hexagon Purus delivered strong year-over-year revenue growth in Q3 2021 and announced the transformative acquisition of Wystrach GmbH ("Wystrach"). Q3 2021 highlights: Revenue grew 96% year over
Hexagon Purus ASA: Results for the first quarter 2021
In the first quarter of 2021, Hexagon Purus Group generated NOK 57 (48) million in revenue and recorded operating profit before depreciation (EBITDA) of NOK -62 (-43) million. Revenue growth was driven by increased activity in hydrogen distribution applications as well as aerospace with slightly lower revenue contribution from heavy duty vehicle applications due to the completion of a battery electric (BEV) truck demonstration program in Q1 2020.
Continued investments in personnel and infrastructure to support and accelerate Hexagon Purus future growth drive negative profitability.
Key developments
Signed joint venture agreements with CIMC Enric in March 2021 to enter China which is expected to be the world s largest zero emission hydrogen vehicle and distribution market