McPhy has registered significant growth in sales and orders in 2016, benefiting from investments made in recent years in developing and scaling up its offering.
After winning the call for tenders with the Hebe province of China, the contract with GRTGaz for the Jupiter 1000 project and the contract with German energy supplier, Energiedienst, McPhy has won a total of 6 MW. These contracts have laid solid foundations for continuing growth in 2017. The first two contributed to the 93% growth in sales.
Over 2016, revenue from subsidised projects and research tax credits remained stable at €2.3m ($2.5m).
The strong growth in sales in the second half of 2016 explains the corresponding increase in purchases.
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