Dedicated hydrogen (H2) solutions provider McPhy Energy has revealed it has crossed the threshold of €10m ($12.4m) in revenue as it releases its 2017 results.
The France-based company reported its sales revenue rose by 34%, crossing the threshold of €10m ($12.4m). This growth was primarily driven by the Europe zone (increased by 84%).
For 2017, strong revenue growth associated with the control of fixed costs led to a consequent improvement of the recurring operating income by 29%, and of the operating income by 20%.
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