Finance
Thyssenkrupp Nucera sees lower 2026 sales on 'more challenging' hydrogen market
Published by Global Banking and Finance Review
Posted on December 8, 2025
2 min readLast updated: January 20, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on December 8, 2025
2 min readLast updated: January 20, 2026
Thyssenkrupp Nucera anticipates a significant drop in 2026 sales due to a challenging green hydrogen market and delayed investments.
FRANKFURT (Reuters) -Electrolyser maker Thyssenkrupp Nucera on Monday forecast sharply lower sales for 2026, saying the market for green hydrogen has become more challenging and investors continued to delay investment decisions as a result.
The supplier of electrolysis plants for green hydrogen production, majority-owned by Germany's Thyssenkrupp, expects sales of 500 million to 600 million euros ($576 million to $691 million) in the fiscal year that started in October, it said in a statement.
This is a drop of as much as 41% compared to the 845 million euros generated in the past fiscal year and significantly below the 757 million euros forecast by LSEG.
"The situation on the market for green hydrogen became even more challenging in the reporting year," CEO Werner Ponikwar said in a statement ahead of final full-year results scheduled for December 17.
"Restraint in final investment decisions continues. In addition, the global economic environment deteriorated. To bridge this phase, we have taken proactive measures," he said without elaborating.
On an operating level, the group forecast a range between a loss of as much as 30 million euros to break even at best in 2026 - compared with 2 million euros in 2025 - also falling short of the 9.3 million LSEG estimate.
Frankfurt-listed shares in the group were 5.5% lower on the news at 1947 GMT.
($1 = 0.8678 euros)
(Reporting by Christoph Steitz; Editing by Richard Chang)
Green hydrogen is hydrogen produced using renewable energy sources, such as wind or solar power, which helps reduce carbon emissions compared to traditional hydrogen production methods.
An electrolyser is a device that uses electricity to split water into hydrogen and oxygen, playing a crucial role in the production of green hydrogen.
Market volatility refers to the rate at which the price of securities increases or decreases for a given set of returns, indicating the level of risk associated with the market.
An operating loss occurs when a company's operating expenses exceed its revenues, indicating that the business is not generating enough income from its core operations.
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