Financial
Price sensitive
The Board approves the Consolidated Results for the First Half of 2024
07/30/2024 - 02.25 PM
SECOND QUARTER WITH INCREASED REVENUES UP 6.1% YOY AT CONSTANT EXCHANGE RATES, THANKS TO THE DEVELOPMENT OF ALL BUSINESS SEGMENTS
POSITIVE MARKET MOMENTUM CONTINUES FOR THE WATER TECHNOLOGIES BUSINESS, DRIVEN BY THE POOLS LINE UP 33% YOY IN THE SECOND QUARTER
ADJUSTED EBITDA1 MARGIN OF 18.8% IN THE FIRST HALF-YEAR
BACKLOG UP 3% VS. DECEMBER 2023
ENERGY TRANSITION: DELIVERED ABOUT 600 MW OF DEDICATED GREEN HYDROGEN TECHNOLOGIES IN THE HALF-YEAR, 1.9 GW CUMULATIVE FIGURE FROM 2022
2024 - 2026 PLAN
Targets confirmed for the Electrode and Water Technologies business segments. Guidance on the Energy Transition business is being revised due to regulatory dynamics and the development of the green hydrogen market
1. Starting from the first half of 2024, De Nora, in order to better represent the Group’s operating profitability, decided to change the calculation of EBITDA and Adjusted EBITDA by including Accrual, Utilization, and Release of Provisions for risks and charges, which were previously classified below EBITDA. The figures for the first half of 2023 have been amended accordingly. For more information, see the “Alternative Performance Indicators” section at the end of this press release.
De Nora
Industrie De Nora is an Italian multinational company listed on the Euronext Milan stock exchange specializing in electrochemistry, a leader in sustainable technologies, and plays a vital role in the industrial green hydrogen production chain. The company has a portfolio of products and systems to optimize the energy efficiency of critical industrial electrochemical processes and a range of products and solutions for water treatment. Globally, Industrie De Nora is the world's largest supplier of electrodes for the major industrial electrochemical processes (serving a broad portfolio of customers operating in the fields of chlorine and caustic soda production, components for electronics, and surface finishing). Industrie De Nora is among the world's leading suppliers of water filtration and disinfection technologies (for the industrial, municipal, and swimming pool sectors). Leveraging its well-established electrochemical knowledge and proven manufacturing capability, the Company has developed and qualified a portfolio of electrodes and components to produce hydrogen through the electrolysis of water, which is critical for the energy transition. In this sector, the company holds 25.85% of thyssenkrupp nucera AG &Co, a joint venture formed with thyssenkrupp group. KGaA. Founded in 1923, Industrie De Nora generated total revenues of around EUR 856 million and an Adjusted EBITDA of approximately EUR 171 million in 2023. The Company's growth process has developed organically through its continuous innovation as regards external lines through acquisitions in the U.S., Asia, and Europe. De Nora's intellectual property portfolio currently includes more than 281 patent families with more than 2,800 territorial extensions. The De Nora family owns 53.3% of the company's share capital. Snam S.p.A. is a minority shareholder with about 21.6% of the capital.
For further information and to access the Media Kit: Media Kit | De Nora
Investor Relations
Chiara Locati
+39 02 2129 2124
ir@denora.com
Media Relations
Barabino & Partners
Office: +39 02 72.02.35.35
Sabrina Ragone – s.ragone@barabino.it +39 338 25 19 534
Elena Magni – e.magni@barabino.it + 39 348 478 7490
Via Leonardo Bistolfi, 35
20134 Milan Italy
+39 02 21291
industriedenora@denora.com
For the dissemination and storage of Regulated Information, Industrie De Nora S.p.A. has chosen to make use of the 1INFO system (www.1info.it), managed by Computershare S.p.A. having its registered office in Milan, via Lorenzo Mascheroni 19, and authorized by CONSOB.
Copyright © 2009/2026 Industrie De Nora S.p.A.
Share capital € 18.268.203,90 Fully paid up - Company registration number MI / VAT 03998870962 - REA number MI - 1717984