Trading Statement Q1 2023

17 04 2023


Green Hydrogen Systems releases Trading Statement Q1 2023.

Today, Green Hydrogen Systems released its Q1 2023 Trading Statement.

Sebastian Koks Andreassen, CEO of Green Hydrogen Systems comments: “In Q1 2023, the positive momentum continued, and we delivered, and revenue recognised additional two A-Series customer orders. Prior to delivery, these units were tested at our production facilities in Kolding, Denmark in close coordination with the customer teams. Furthermore, we have assembled, tested, and shipped additional A-Series units for installation and site acceptance test.

End of Q1 2023, we were pleased to announce the important milestone of delivering the X-Series prototype for site installation at GreenLab in Skive, Denmark. During Q2 and Q3 2023, the X-Series prototype will undergo tests and validations as important next steps towards a commercial product.

We continue the capital increase process as announced in January 2023 and we are in dialogue with several of our current larger shareholders regarding timing and structure of the capital increase.”

Read the whole trading statement here.

In connection with this announcement, Green Hydrogen Systems will host a conference call. The conference call will be held on 17 April 2023 at 13:00 AM CET.

Please visit to access the presentation used for the meeting.

Link to the webcast

DK: +45 89 87 50 45
International dial-in: +44 20 3936 2999
Participant access code: 656915

For more info please contact:

Jens Holm Binger, Head of Investor Relations,
+45 6065 6525,

Jesper Buhl, Head of Public Affairs and Media Relations,
+45 5351 5295,