ITM Power PLC FY24 guidance update – improved EBITDA position
02 Agosto 2024 - 1:00AM
RNS Regulatory News
RNS Number : 8945Y
ITM Power PLC
02 August 2024
2 August 2024
ITM Power
PLC
FY24 guidance update - improved EBITDA
position
Our trading update announced on 6 June 2024
stated that we expected the EBITDA loss for the 12 months ended 30
April 2024 to be between £39.0m and £44.0m, improving on the
previous guidance of £45.0m to £50.0m.
The EBITDA guidance included a provision
relating to disputes on legacy projects. We have now concluded
these matters and can release the provision for FY24. Accordingly,
with the audit nearing completion, we expect the EBITDA loss for
the year to improve to between £30.0m and £32.0m.
Our preliminary results are due to be released
on 15 August 2024. Details of the presentation for analysts and
investors by Dennis Schulz, CEO, Simon Bourne, CTO, and Andy Allen,
CFO, which will be held on that date at 9:00 a.m. BST, will
follow.
For further information, please
visit www.itm-power.com or contact:
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ITM
Power PLC
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Justin Scarborough, Head of Investor
Relations
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+44 (0)114 551 1080
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Investec Bank plc (Nominated Adviser and
Broker)
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+44 (0)20 7597 5970
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James Rudd / Chris Sim / Ben
Griffiths
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About ITM
Power PLC:
ITM Power was founded in 2000 and ITM Power PLC
was admitted to the AIM market of the London
Stock Exchange in 2004. Headquartered in
Sheffield, England, ITM Power designs and manufactures
electrolysers based on proton exchange membrane
(PEM) technology to produce green hydrogen, the only net zero
energy gas, using renewable electricity and water.
-ends-
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