Thyssenkrupp Nucera unveils growth plans amid strong financial results
Fox News
Thyssenkrupp Nucera, the company with a majority ownership by Thyssenkrupp following its public debut, unveiled its expansion plans after reporting robust sales and operating income.
The company, which Thyssenkrupp majority-owns after taking it public in a blockbuster market debut in July, also wants to expand production with new locations, including in India.
While in its infancy, so-called green hydrogen, which is produced using renewable energy, has been identified as a key energy source in the push towards a lower-carbon economy in Germany and other European Union countries.
Reporting its first financial results since going public, Nucera said earnings before interest and taxes (EBIT) rose 59% year-on-year to $7.56 million in the third quarter of its 2022/23 financial year.
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