ITM Power, the AIM-listed green hydrogen electrolyser maker, has upgraded its earnings guidance, pointing to a significantly smaller loss than previously expected.
The company now expects an adjusted EBITDA loss of between £20 million and £21 million, an improvement of 27% on its previous forecast and 38% better than the year before.
ITM said its revenue and cash guidance remain unchanged.
The Sheffield-based company designs and manufactures industrial-scale electrolysers, the equipment used to produce green hydrogen by splitting water using renewable electricity.
