Green Hydrogen Systems (One-pager): Q1 2024 trading statement confirms guidance
This Monday, Green Hydrogen Systems (GHS) published its Q1 2024 trading statement. The quarter showed good progress in factory acceptance tests and customer deliveries, and the company maintained its guidance for 2024. GHS also confirmed the customer interest and timeline for development, production start, and potential commercialization for the X-Series product.
We have updated the investment case one-pager, which provides insights into key investment reasons and risks as well as perspectives on valuation multiples across listed peers within the green hydrogen market.
Green Hydrogen Systems (GHS) is a GreenTech company founded in 2007 in Denmark. The company designs and manufactures efficient standardized and modular electrolyzers to produce green hydrogen based on renewable energy. Over the coming years, the green hydrogen market is expected to increase significantly, supported by the green transition and political support.
Disclaimer: HC Andersen Capital receives payment from Green Hydrogen Systems for a Digital IR/Corporate Visibility subscription agreement. /Kasper Lihn 16:30, 1 May 2024.
Green Hydrogen Systems
Green Hydrogen Systems is an electrolyser Original Equipment Manufacturer (OEM) and clean tech company founded in 2007. Green Hydrogen Systems develops and manufactures electrolysis solutions to produce green hydrogen. The company’s production is in Kolding, Denmark. The company was listed at Nasdaq Copenhagen in June 2021, raising DKK 1.1 billion in gross proceeds to significant scale-up the electrolysis capacity. Green Hydrogen Systems aspires to reach more than 200 MW in 2025 corresponding to a revenue of more than DKK 1,000 million with a gross profit margin of approx. 25% in 2025.
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