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The Board approves Q1 2024 Consolidated Results

05/08/2024 - 02.57 PM

THE BOARD OF DIRECTORS APPROVES Q1 2024 CONSOLIDATED RESULTS

  • Robust profitability, EBITDA adj margin at 19%, supported by Electrode Technologies Business (26.9%)

  • Backlog +8% vs. 31 December 2023

  • Pools division: 27% sequential revenue recovery from fourth quarter 2023

  • 330 MW of technologies for green hydrogen realized

     

  • Revenues: euro 189.1 million (euro 216.9 million in Q1 2023)

  • Adjusted EBITDA1: euro 35.9 million (euro 46.7 million in Q1 2023)

  • Net Profit: euro 18.0 million (euro 25.0 million in Q1 2023)

  • Positive Net Financial Position of euro 9.4 million (euro 10.1 million in Q1 2023)


THE BOARD OF DIRECTORS HAS APPOINTED ANNA CHIARA SVELTO, NON-EXECUTIVE AND INDEPENDENT DIRECTOR

Read the full press release

1 Adjusted Gross Operating Margin (EBITDA) excludes non-recurring items of approximately euro 475 thousand, mainly related to termination costs.

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

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