Sector: Industrials | Industry: Electrical Components & Equipment |
Company Contact | |
Address: | 22-24, Boulevard Royal LUXEMBOURG 2449 |
Tel: | 1-281-2220161 |
Website: | https://www.freyrbattery.com |
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. |