Financial Reports

CVD Equipment Corporation’s full-year revenue in its latest fiscal 2016 financials has dropped by almost 50%.

SOL S.p.A has recorded increases across the board in its 2016 full-year financial results, with its consolidated net profit soaring by 36% to €44.1m ($47.9m).

Energy storage company Hydrogenics Corporation has reported a double-digit drop in revenue in its 2016 full-year financials but has underlined that it still sees significant growth potential for the year ahead.

The Linde Group delivered a solid performance in the 2016 financial year, achieving increases in both group revenue and group operating profit after adjusting for exchange rate effects.

African Oxygen Limited (Afrox) has posted a marginal rise in revenue in its latest 2016 full-year financials after battling the challenging economic climate in South Africa.

Air Liquide has posted solid 2016 annual financials, posting double-digit increases in Gas & Services revenues thanks the integration of Airgas operations.

ITM Power has conditionally raised a total of £5.7m ($7.1m) from the accelerated bookbuild offering.

Dedicated hydrogen (H2) solutions provider McPhy Energy has announced that it has moved into a phase of “sustainable accelerated growth” after posting a colossal rise in sales of 93% in its 2016 revenue results.

Versum Materials, Inc. has posted a “strong financial chapter” in its first full-year financial results since becoming a stand-alone company following its spin-off from Tier One player Air Products and Chemicals, Inc.

It is a tale of two halves for CVD Equipment Corporation in its in its third quarter 2016 financial results, with its revenue income slashed in half but its order backlog reaching a record high.