McPhy Energy reports a 17% increase in sales to 18.8 million euros for fiscal year 2023, in line with the double-digit growth target announced at the time of the half-year results.

Sales for 2023 in the continuing electrolyzer supply business amounted to 13.7 million euros, up 25%, divided between the supply of McLyzer high-capacity electrolyzers (74%) and the Piel range (26%).

However, the specialist in hydrogen production and distribution equipment saw firm orders fall by 56% to 13 million euros, and its total backlog therefore stood at 23.8 million at December 31, 2023, compared with 30.6 million at the end of 2022.

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