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Business Focus: Batteries & Uninterruptable Power supplies

Sector:  Industrials Industry:  Electrical Components & Equipment
Company Contact
Address: 22-24, Boulevard Royal
Tel: 1-281-2220161
IR: See website
Key People
Birger K. Steen
Chief Executive Officer, Director
Hege M. Norheim
Executive Vice President - Corporate Public Affairs and Sustainability
Oscar K. Brown
Group Chief Financial Officer
Jan Arve Haugan
Chief Operating Officer, President and Managing Director of FREYR Battery Norway
Gery Bonduelle
Executive Vice President - Sales
Andreas Bentzen
Executive Vice President - Technology
Jeremy Bezdek
Executive Vice President - Global Corporate Development, President of FREYR Battery U.S
Tilo Hauke
Executive Vice President - Supply Chain Management
Einar Kilde
Executive Vice President - Project Execution
Tove Nilsen Ljungquist
Executive Vice President - Operations
Business Overview
FREYR Battery SA is a Luxembourg-based company, which develops batteries and battery cells. The Company specializes in the production of materials required for battery cell manufacturing. It also sale batteries and battery cells into markets, which includes electric mobility, energy storage systems as well as marine and aviation applications.
Financial Overview
For the six months ended 30 June 2023, FREYR Battery SA revenues was not reported. Net loss increased 26% to $38M. Higher net loss reflects Warrant liability fair value adjustment decrease from $24.7M (income) to $1.2M (expense), Research and development increase from $3.1M to $11.2M (expense), Other income decrease of 5% to $2.5M (income). Basic Earnings per Share excluding Extraordinary Items decreased from -$0.26 to -$0.27.