Rising low-carbon fuels, renewables and technology demand spurred Topsoe to a DKK775 million ($113 million) net profit in 2023, up 37% on 2022.
Revenue increased by 38% to DKK9.4 billion for Topsoe, which forecasts ‘double digit growth’ in its technology businesses, and expects its first industrial scale electrolyser manufacturing facility to come on stream in Herning, Denmark, this year.
Last year’s growth was mainly driven by strong demand for catalysts especially in EMEA and North America, and strong growth in technology solutions.
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