Source: Sharecast
ITM Power stated interim revenues were expected to come to £15.2m, while adjusted underlying losses were seen at £17.1m for the half.
Looking forward, the AIM-listed group stated full-year revenue expectations were unchanged at between £18.0m and £22.0m. However, adjusted underlying losses were now seen at £32.0m-36.0m, up from £35.0m to £40.0m.
Chief executive Dannis Schulz said: In the first half of the year, ITM achieved its strongest revenue performance in any six-month period whilst tightly managing costs and capital expenditure. Our sales pipeline has continued to grow, and we are well-positioned as customer FIDs accelerate through 2025. We look forward to providing a more detailed update with our interim results in January."
As of 0945 GMT, ITM shares were up 2.52% at 35.38p.
Reporting by Iain Gilbert at Sharecast.com