Thyssenkrupp Nucera (NCH2.DE), opens new tab said on Tuesday it has abandoned plans to establish ​its own mass-production capacity for solid oxide ‌electrolysis cell (SOEC) stacks, taking a one-off EBIT hit of roughly €30 million in the fourth quarter.

The charge would primarily result ​from an impairment of its pilot plant ​and capitalized development costs, the German electrolysis equipment ⁠maker said. SOEC technology is used to produce ​green hydrogen through high-temperature water electrolysis.

Thyssenkrupp Nucera now ​expects an earnings before interest and taxes (EBIT) loss of €105 million to €75 million ($86.52 million) in fiscal 2026, compared with its earlier guidance ​for an EBIT loss of €80 million to €30 million.

Group ​sales are now forecast at €450 million to €500 million for the ‌fiscal, ⁠compared with €450 million to €550 million previously, while group order intake is expected at €550 million to €670 million.

The company's green hydrogen segment sales outlook was ​also lowered to €100 ​million ⁠to €130 million, from €120 million to €170 million previously. Its outlook for the Chlor-Alkali ​segment, however, remained unchanged.

In May, Thyssenkrupp ​Nucera froze ⁠hiring in high-cost countries as part of broader savings measures, after its second-quarter loss widened due to ⁠higher ​costs for hydrogen projects ​and the termination of a U.S. pilot project.

Source:Reuters