McPhy releases its first half of 2019 results citing “excellent sales momentum”


Excellent sales momentum, the launch of smart hydrogen station architecture for heavy-duty vehicles and the inauguration of France’s first refuelling station for hydrogen buses

These are three highlights from the first half of 2019 for McPhy as the French company releases its 2019 half-year results.

In the first half of 2019, McPhy recorded a 23% increase in revenues to €4.3m ($4.8m) in the first half of 2019, compared with €3.5m ($3.9m) in the first half of 2018. The hydrogen production and distribution equipment specialist said this was notably driven by the delivery of the station for refuelling the first 100% hydrogen bus line in France.

The extra costs incurred by this first reference for McPhy impacted the increase in other operating expenses (€3m ($3.3m) in the first half of 2019 versus €2.5m ($2.8m) in the first half of 2018).

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