Nel hit by negative adjustment again, sets top-line record

The Norwegian hydrogen firm loses half a billion kroner in Q3 as a consequence of a negative fair value adjustment.

Photo: PR Nel Hydrogen

Nel's deficit remains markedly larger than its revenue despite the company's top line achieving new heights.

The Norwegian hydrogen firm reports a revenue figure of nearly NOK 230m (EUR 23.7m) for the third quarter, almost a doubling compared to the same period the year before.

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