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Investing.com -- Electrolyser maker Thyssenkrupp Nucera saw its shares fall sharply after it warned of a sharp sales decline for 2026, pointing to a tougher green-hydrogen backdrop and continued delays in large project commitments.
The company, majority-owned by Germany’s Thyssenkrupp, now expects revenue of 500 million to 600 million euros in the fiscal year that began in October, down as much as 41% from last year’s 845 million euros and well below the 757 million euros projected by LSEG.
"We would expect the share price to negatively react, even if the Buy side was probably forecasting lower earnings than the sell side," Kepler Cheuvreux analyst Kevin Roger commented.
Shares in the company were down 7.7% as of 09:37 GMT.
“The situation on the market for green hydrogen became even more challenging in the reporting year,” CEO Werner Ponikwar said, adding that “restraint in final investment decisions continues” while the global economic environment has also weakened. “To bridge this phase, we have taken proactive measures,” he said, without providing details.
Operating profit is projected to range from a loss of up to 30 million euros to break-even in 2026, compared with a modest 2 million euros profit in 2025 and short of LSEG’s estimate of 9.3 million euros.
The company also released an update for its 2024/25 guidance, with preliminary figures. Order intake reached 345 million euros, with a backlog of 0.6 billion euros.
Full-year revenue is expected to come in slightly below guidance at 845 million euros, versus the 850 million to 920 million euro range previously indicated and below earlier expectations of 874 million euros. EBIT is seen at the top end of the target range at 2 million euros, coming in better than anticipated.
Nucera added that it “generated positive free cash flow and continues to finance itself from its operating activities.”