Everfuel Production Fredericia A/S

Beskrivelse af virksomhedens væsentligste aktiviteter

The company's main activity is the production of hydrogen and its sale.

Beskrivelse af usikkerhed ved indregning eller måling

As mentioned below, Everfuel Production A/S was sold from the parent in September 2023. In this connection, as part of the transaction some tangible assets were traded between the group and the company, assets whose final value can only be calculated during 2024 when the construction works are completed.

Beskrivelse af usædvanlige forhold, der kan have påvirket indregningen eller målingen

In 2023, the company was sold from Everfuel Denmark A/S to Everfuel Hy24 A/S, although still part of the Everfuel group going forward. Former parent company Everfuel Denmark A/S has, in connection with the sale of the shares, provided a capital injection via debt forgiveness of DKK 160,018 thousand to the company.

Beskrivelse af udviklingen i virksomhedens aktiviteter og økonomiske forhold

The income statement for 2023 shows a loss of DKK 2,996 thousand against a loss of DKK 4,074 thousand last year, and the balance sheet at 31 December 2023 shows equity of DKK 200,606 thousand.
The financial results for 2023 are as expected, they reflect that the company, as well as the group, is still in the initial stages of commercializing green hydrogen.

Omtale af betydningsfulde hændelser, som er indtruffet efter regnskabsårets afslutning

No events materially affecting the Company's financial position have occurred subsequent to the financial year-end.

Beskrivelse af virksomhedens forventede udvikling

The Everfuel group maintains a high level of activity related to running a business with the production of hydrogen and its distribution. In the longer term, the combination of increased green hydrogen production and distribution is expected to drive revenue growth and cash flow. For 2024, Everfuel Production A/S is expected to report continued cash burn from the completion of the production facilities, but also the first revenue from sale of hydrogen. For 2024 a profit / loss in the range of zero is expected.