McPhy announces 2021 full-year revenue

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  • 2021 Revenue: €13.1 million
  • Strong financial position of €177 million as of December 31, 2021, despite an expected increase in the operating loss

McPhy (Euronext Paris: MCPHY), specialized in zero-carbon hydrogen production and distribution equipment (electrolyzers and refueling stations), announced its full-year revenue for the year ending December 31, 2021, which stands at €13.1 million, compared to €13.7 million in 2020.

The revenue is composed of 55% by the supply of electrolyzers (39% for McLyzer large capacity electrolyzers and 16% for the Piel range) and 45% by McFilling hydrogen stations.

The operating loss for 2021 is expected to be around €-25 million. The increase in the operating loss is linked in particular to the structuring projects required for the transition to industrial-scale currently being deployed. This result also includes the financial impact of the potassium hydroxide leak on equipment installed in Grenzach-Wyhlen in Germany, for a total amount of nearly €5 million.

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