IN BRIEF: ITM Power announces improved full-year guidance

ITM Power PLC - Sheffield, England-based designer and manufacturer of electrolyser systems for ...

Alliance News 2 August, 2024 | 1:40PM
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ITM Power PLC - Sheffield, England-based designer and manufacturer of electrolyser systems for green hydrogen production - Increases full-year financial 2024 guidance as previous estimates included provisions relating to disputes and legacy projects which have now concluded. Earnings before interest, taxes, depreciation, and amortisation guidance improves to a loss between GBP30.0 million and GBP32.0 million from a previous forecast of a loss between GBP39.0 million and GBP44.0 million. Preliminary earnings are scheduled for release on August 15.

Current stock price: 52.26 pence, flat on Friday afternoon

12-month change: down 42%

By Elijah Dale, Alliance News reporter

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
ITM Power PLC 53.05 GBX 1.53 -

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