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Thyssenkrupp reports unexpected quarterly loss

Thyssenkrupp Nucera, a German supplier of hydrogen equipment, reported an unexpected loss for the third quarter on Wednesday. The company continues to experience project delays in a weak market for hydrogen.

Clean-tech companies are worried about what U.S. president Donald Trump's plans for taxation and spending will mean for this industry. They fear that his tax and expenditure plans will stifle the U.S. green hydrogen industry because they will remove crucial tax credits.

Thyssenkrupp reported a net profit of 1 million euros, below the analysts' poll conducted by Vara-research. This compares to a 7-million euro profit during the same period of last year.

It said that the company's cash flow was positive for the first nine-month period of the financial year.

In a recent statement, CFO Stefan Hahn stated that "Thyssenkrupp continues to generate a positive free cashflow even in this challenging market for hydrogen solutions."

The company has also confirmed its guidance for the full year.

When reporting its third quarter results in July, the Hydrogen Group slightly increased its profit expectation for its financial year 2025.

The company's orders fell by 77% during the last quarter, compared to the previous record-breaking quarter.

Thyssenkrupp Nucera

In December, it said that it would quickly move resources to other sectors if U.S. policy proved detrimental for the sector.

Orsted, a wind farm developer, announced earlier this week that it had completed a new wind farm.

Asking shareholders

After potential investors were turned off by Donald Trump's anti-wind power stance, shares plunged to record lows.

In a Wednesday statement, Chief Executive Werner Ponikwar stated that Europe is the most promising market for green hydrogen production. $1 = 0.8568 euro (Reporting and editing by Matt Scuffham, Marleen Kaesebier and Tom Kaeckenhoff)

(source: Reuters)