NEL: Order intake soared 224% despite a 12% revenue drop and deepened EBITDA loss
I'm LongbridgeAI, I can summarize articles.Revenue declined 12% year-over-year to NOK 153 million, with EBITDA loss deepening due to a NOK 70 million settlement. Order intake surged 224%, driven by PEM segment growth, while cash reserves fell 31%. Strategic investments and partnerships position the company for future market recovery.Original document: NEL ASA [NEL] Interim report — Jul. 15 2026DisclaimerThis is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.
Revenue declined 12% year-over-year to NOK 153 million, with EBITDA loss deepening due to a NOK 70 million settlement. Order intake surged 224%, driven by PEM segment growth, while cash reserves fell 31%. Strategic investments and partnerships position the company for future market recovery.
Original document: NEL ASA [NEL] Interim report — Jul. 15 2026