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Topsoe targets revenue rebound with Herning factory launch

Gas
March 7, 2025

Danish technology company Topsoe is targeting 5 to 16% revenue growth this year with its solid oxide electrolyser cell (SOEC) factory set to open in Herning in the first half of 2025.

While gross profit was fractionally up in 2024 (DKK3.58bn, compared with DKK3.56bn in 2023), revenues fell from DKK9.41bn to DKK8.37bn, mainly down to catalyst business sales, and cashflow from operating activities dropped to DKK966m.

Around a quarter of revenue (23%) came from businesses related to technologies and solutions that enable the production of low-carbon, renewable fuels and e-fuels. Energy consumption decreased from 359,172MWh to 338,335MWh.

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