Nel ASA recorded a 48% decline in revenue to NOK 174 million in the same quarter, but is suffering primarily from delayed decisions on significant projects in the alkaline segment. The PEM segment, on the other hand, shone with record revenues and order intake of NOK 290 million, underscoring the Company's technological strength. The order backlog remains solid at NOK 1.46 billion, and planned cost-cutting measures are increasing operational efficiency.