Nel ASA: Strong PEM Segment Growth in Q3 2026
Nel ASA reported strong momentum in its PEM segment for the third quarter of 2026, with revenue up 65% year-on-year and order intake increasing by 473%.
Nel ASA announced its financial results for the third quarter of 2026, highlighting significant growth within its PEM segment. The company's PEM revenue increased by 65% year-on-year, reaching NOK 89 million. Order intake in this segment surged by 473% to NOK 245 million.
The group's total order intake rose by 339% year-on-year to NOK 253 million. The order backlog grew by 34% to NOK 1,314 million. Group revenue from contracts with customers stood at NOK 112 million, a 63% decrease compared to the same quarter last year, reflecting lower activity in the Alkaline segment.
Total revenue and income for the group amounted to NOK 138 million. Earnings before interest, taxes, depreciation, and amortization (EBITDA) were negative at NOK -93 million. The company continues to focus on advancing its hydrogen solutions and expanding its global market presence.