Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Norway
  4. Oslo Bors
  5. TECO 2030 ASA
  6. News
  7. Summary
    TECO   NO0010887516

TECO 2030 ASA

(TECO)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

TECO 2030 publishes its results for Q3 2021

10/29/2021 | 01:01am EST
29.10.2021 07:00:00 CEST | TECO 2030 ASA | Half yearly financial reports and
audit reports / limited reviews

Lysaker, Norway, 29 October 2021 - Norwegian cleantech company TECO 2030 ASA
(OSE: TECO) has published its results for the third quarter of 2021.

The company's Q3 report is available at https://teco2030.no/investors/reports/.



Main highlights for TECO 2030 in Q3 2021:

 * Take-over and official opening of our new facility in Narvik, the TECO 2030
   Innovation Center, where we will produce hydrogen fuel cells that are
   specifically designed for ships and other heavy-duty applications. We are now
   working to set up the factory and its production lines.
 * TECO 2030 was, together with the infrastructure contractor Implenia Norway,
   granted NOK 15.6 million in funding by the Norwegian state enterprise Enova
   to jointly develop and pilot hydrogen-powered solutions that will eliminate
   emissions at construction sites.
 * TECO 2030 signed a strategic cooperation agreement with Everfuel for the
   delivery of green hydrogen to fuel its fuel cells and fuel cell generators.
   This will enable decarbonisation of hard-to-decarbonise areas, such as
   construction sites.
 * TECO 2030 was granted up to NOK 5.4 million in tax relief as indirect
   government support for developing the first semi-automated production line
   for hydrogen fuel cells at the TECO 2030 Innovation Center in Narvik.
 * TECO 2030 was granted up to NOK 4 million in tax relief as indirect
   government support for developing onboard carbon capture solutions that will
   capture CO? in the ship exhaust and store it until the ship reaches port.
 * TECO 2030 signed a letter of intent with Greenstat to cooperate on relevant
   projects with the aim of developing a complete hydrogen value chain. As part
   of the agreement, the two parties will discover, evaluate and participate in
   relevant projects.

DISCLOSURE REGULATION

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

CONTACTS

 * Tore Enger, Chief Executive Officer (CEO) of TECO 2030 ASA, +4792083800,
   tore.enger@teco2030.no 

ABOUT TECO 2030 ASA

TECO 2030 accelerates the green transition in the maritime sector by delivering
technology that helps ships to reduce their environmental and climate impacts.
TECO 2030 is developing hydrogen fuel cells that enable ships and other
heavy-duty applications to become emissions-free. The company is also developing
other solutions that can help the maritime industry to reduce its emissions,
such as exhaust gas cleaning and carbon capture systems for ships. TECO 2030 was
founded in 2019 and is headquartered at Lysaker, Norway. The company is listed
on Euronext Growth on Oslo Stock Exchange under TECO. TECO 2030 has its roots in
the TECO Maritime Group, a group that has provided technology and repair
services to the global shipping industry since 1994. For more information,
please visit www.teco2030.no - http://www.teco2030.no.

ATTACHMENTS

Download announcement as PDF.pdf -
https://kommunikasjon.ntb.no/ir-files/17847477/937/1238/Download%20announcement%
20as%20PDF.pdf

TECO 2030 Q3 2021.pdf -
https://kommunikasjon.ntb.no/ir-files/17847477/937/1237/TECO%202030%20Q3%202021.
pdf

Click here for more information

© Oslo Bors ASA, source Oslo Stock Exchange

All news about TECO 2030 ASA
01/12Teco 2030, Gen2 Energy To Collaborate On Green Hydrogen Projects
MT
01/12TECO 2030 signs MoU with Gen2 Energy
AQ
01/11TECO 2030 ASA Signs Memorandum of Understanding with Gen2 Energy to Cooperate on Releva..
CI
2021TECO 2030 Share capital increase registered
AQ
2021TECO 2030 ASA announced that it has received NOK 45 million in funding
CI
2021TECO 2030 ASA : Private placement successfully placed
AQ
2021TECO 2030 ASA : Contemplated private placement
AQ
2021Initiates equity research coverage
AQ
2021TECO 2030 Seeks Public Funding To Develop First Hydrogen-Powered Boats
MT
2021Teco 2030 asa
AQ
More news
Financials
Sales 2021 16,0 M 1,83 M 1,83 M
Net income 2021 -42,0 M -4,80 M -4,80 M
Net Debt 2021 86,0 M 9,83 M 9,83 M
P/E ratio 2021 -14,8x
Yield 2021 -
Capitalization 686 M 78,4 M 78,4 M
EV / Sales 2021 48,2x
EV / Sales 2022 1,52x
Nbr of Employees 23
Free-Float -
Chart TECO 2030 ASA
Duration : Period :
TECO 2030 ASA Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends TECO 2030 ASA
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 1
Last Close Price 4,89 NOK
Average target price 10,00 NOK
Spread / Average Target 105%
EPS Revisions
Managers and Directors
Tore Enger Co-Chairman & Chief Executive Officer
Pňl Christian Johnsen Chief Financial Officer
Sigurd Gaarder Lange Co-Chairman
Arild Eiken Chief Technology & Project Officer
Birgit Marie Liodden Director
Sector and Competitors