Nel ASA Logo

Nel ASA

ISIN: NO0010081235 | Ticker: NEL | LEI: 549300G6XN5IXMRKEG37
Country: Norway

About Nel ASA

Company Description

Nel and Statkraft pave the way for a green hydrogen value chain in Norway
Hydrogen technology company Nel and Europe’s largest supplier of renewable energy, Statkraft, newly signed a contract for delivery of 40 MW of electrolyser equipment.

Renewable energy
We cater to power-to-gas, and power-to-industry markets, and more

Hydrogen production
Our electrolysers are for markets including fertilizer, green steel and cement

Hydrogen fueling
We provide fueling equipment for cars, trucks, buses and other markets

Year founded

1927

Served area

Worldwide

Headquarters

Postboks 199, Skøyen, 0212 Oslo – Norway

Financial statements

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Line item in (nok) 01.01.2020 01.01.2021 01.01.2022 01.01.2023
Assets N/A 6,136,696,000.00 6,006,984,000.00 6,950,512,000.00
Noncurrent Assets N/A 1,542,943,000.00 1,862,845,000.00 1,972,902,000.00
Property Plant And Equipment N/A 378,052,000.00 623,514,000.00 N/A
Goodwill N/A 619,731,000.00 615,184,000.00 365,580,000.00
Investment Accounted For Using Equity Method N/A 1,289,000.00 2,298,000.00 2,886,000.00
Current Assets N/A 4,593,753,000.00 4,144,139,000.00 4,977,610,000.00
Inventories N/A 237,129,000.00 328,465,000.00 504,595,000.00
Current Trade Receivables N/A 101,449,000.00 211,408,000.00 460,735,000.00
Cash and cash equivalents 525,982,000.00 2,332,854,000.00 2,722,769,000.00 3,138,550,000.00
Current Prepayments And Other Current Assets N/A N/A 702,728,000.00 777,408,000.00
Other Current Assets N/A 1,794,345,000.00 702,728,000.00 N/A
Equity And Liabilities N/A 6,136,696,000.00 6,006,984,000.00 6,950,512,000.00
Equity 1,846,618,000.00 5,468,316,000.00 5,038,704,000.00 5,449,608,000.00
Issued Capital N/A 281,559,000.00 292,160,000.00 312,665,000.00
Retained Earnings N/A 693,563,000.00 -971,636,000.00 -2,142,805,000.00
Share Premium N/A 4,367,306,000.00 5,596,248,000.00 7,098,186,000.00
Treasury Shares N/A 79,000.00 81,000.00 84,000.00
Capital Reserve N/A N/A 53,422,000.00 61,768,000.00
Liabilities N/A 668,379,000.00 968,279,000.00 1,500,905,000.00
Noncurrent Liabilities N/A 237,294,000.00 263,228,000.00 N/A
Noncurrent Government Grants N/A N/A 69,537,000.00 64,049,000.00
Deferred Tax Liabilities N/A 55,144,000.00 48,543,000.00 45,529,000.00
Other Noncurrent Liabilities N/A 11,140,000.00 8,452,000.00 7,102,000.00
Longterm Borrowings N/A 30,284,000.00 23,191,000.00 N/A
Current Liabilities N/A 431,085,000.00 705,051,000.00 N/A
Current Provisions N/A 74,735,000.00 88,106,000.00 153,440,000.00
Trade And Other Current Payables To Trade Suppliers N/A 81,570,000.00 132,962,000.00 201,744,000.00
Current Contract Liabilities N/A 193,082,000.00 360,821,000.00 672,291,000.00
Other Current Liabilities N/A 67,407,000.00 103,246,000.00 133,704,000.00
Line item in (nok) 01.01.2020/
01.01.2021
01.01.2021/
01.01.2022
01.01.2022/
01.01.2023
Revenue From Contracts With Customers 578,333,000.00 753,096,000.00 914,853,000.00
Other Income 73,548,000.00 44,905,000.00 78,728,000.00
Raw Materials And Consumables Used 393,982,000.00 551,695,000.00 584,815,000.00
Employee Benefits Expense 329,402,000.00 472,010,000.00 664,815,000.00
Depreciation And Amortisation Expense 91,286,000.00 103,116,000.00 171,483,000.00
Impairment Loss Reversal Of Impairment Loss Recognised In Profit Or Loss 71,666,000.00 4,500,000.00 327,298,000.00
Impairment Loss Reversal Of Impairment Loss Recognised In Profit Or Loss 71,666,000.00 4,500,000.00 327,298,000.00
Other Expense By Nature 180,042,000.00 249,533,000.00 523,824,000.00
Profit Loss From Operating Activities -414,497,000.00 -582,853,000.00 -1,278,654,000.00
Finance Income 1,675,567,000.00 28,276,000.00 97,629,000.00
Finance Costs 16,789,000.00 1,129,224,000.00 5,972,000.00
Share Of Profit Loss Of Associates And Joint Ventures Accounted For Using Equity Method 1,242,000.00 -35,000.00 0.00
Profit Loss Before Tax 1,245,523,000.00 -1,683,836,000.00 -1,186,997,000.00
Income Tax Expense Continuing Operations -16,357,000.00 -16,984,000.00 -15,828,000.00
Profit Loss Attributable To Owners Of Parent 1,261,880,000.00 -1,666,852,000.00 -1,171,169,000.00
Line item in (nok) 01.01.2020 01.01.2021 01.01.2022 01.01.2023
Adjustments For Decrease Increase In Inventories N/A -31,895,000.00 -91,336,000.00 -176,130,000.00
Adjustments For Increase Decrease In Trade Account Payable N/A -10,627,000.00 51,392,000.00 68,782,000.00
Adjustments For Provisions N/A 30,974,000.00 13,371,000.00 65,334,000.00
Adjustments For Sharebased Payments N/A 7,682,000.00 9,000.00 8,342,000.00
Adjustments For Fair Value Gains Losses N/A -1,632,006,000.00 1,113,189,000.00 30,614,000.00
Cash Flows From Used In Operating Activities N/A -215,886,000.00 -449,458,000.00 -690,580,000.00
Cash Flows From Losing Control Of Subsidiaries Or Other Businesses Classified As Investing Activities N/A -19,829,000.00 0.00 N/A
Cash Flows Used In Obtaining Control Of Subsidiaries Or Other Businesses Classified As Investing Activities N/A -26,022,000.00 0.00 N/A
Proceeds From Sales Of Property Plant And Equipment Classified As Investing Activities N/A 0.00 26,056,000.00 0.00
Purchase Of Property Plant And Equipment Classified As Investing Activities N/A 148,539,000.00 258,283,000.00 160,486,000.00
Purchase Of Intangible Assets Classified As Investing Activities N/A N/A 118,870,000.00 118,251,000.00
Cash Flows From Used In Investing Activities N/A -294,430,000.00 -373,616,000.00 -403,088,000.00
Proceeds From Issuing Shares N/A 2,383,259,000.00 1,255,103,000.00 1,545,866,000.00
Proceeds From Borrowings Classified As Financing Activities N/A 16,395,000.00 0.00 N/A
Payments Of Lease Liabilities Classified As Financing Activities N/A 10,915,000.00 15,467,000.00 14,400,000.00
Interest Paid Classified As Financing Activities N/A 4,411,000.00 3,678,000.00 11,166,000.00
Cash Flows From Used In Financing Activities N/A 2,313,710,000.00 1,215,932,000.00 1,494,985,000.00
Effect Of Exchange Rate Changes On Cash And Cash Equivalents N/A 3,478,000.00 -2,943,000.00 14,464,000.00
Increase (decrease) in cash and cash equivalents after effect of exchange rate changes N/A 1,806,872,000.00 389,915,000.00 415,781,000.00
Cash and cash equivalents 525,982,000.00 2,332,854,000.00 2,722,769,000.00 3,138,550,000.00

Please note that some sums might not add up.

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Capital markets information

ISIN

NO0010081235

LEI

549300G6XN5IXMRKEG37

Sector

Utilities

Industry Group

Utilities

Industry

Independent Power and Renewable Electricity Producers

Sub-Industry

Independent Power Producers & Energy Traders

Listed Stock Exchange

Oslo Børs

Stock Index

OBX

Main Stock Exchange

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