Brief: Azelio Presents New Operational Targets

Azelio AB

11/05/2022 07:06

May 11 (Reuters) - Azelio AB  AZELIO.ST :
    * AZELIO PRESENTS NEW OPERATIONAL TARGETS
    * AZELIO HAS SET NEW OPERATIONAL TARGETS TO BETTER REFLECT
CURRENT
AND FUTURE OPERATIONS AND ONGOING COMMERCIALIZATION OF TESPOD.
NEW TARGETS REPLACE PREVIOUS PRODUCTION CAPACITY TARGETS.
    * AZELIO REITERATES ITS LONG-TERM FINANCIAL TARGET OF AN
EBIT
MARGIN OF AT LEAST 15%
    * AZELIO AB PROJECTS OF AT LEAST 1 GWH (I.E. 1,000 MWH) IN
TERMS
OF TOTAL INSTALLED ELECTRICITY STORAGE CAPACITY.
    * NEW OPERATIONAL TARGETS: CONTINUING TO BUILD ON 2022
AMBITIONS,
AZELIO AIMS TO DELIVER AT LEAST 10 PROJECTS WITH A TYPICAL SIZE
OF 0.5-5 MW PER PROJECT DURING 2023
    * NEW OPERATIONAL TARGETS: FOR PERIOD 2024-2025, AZELIO WILL
CONTINUE TO SCALE-UP ITS SALES EFFORTS TOWARDS 2026 TARGETS.
    * NEW OPERATIONAL TARGETS: AZELIO CURRENTLY EXPECTS A SALES
PRICE
OF SEK 5,000 - 6,000 PER KWH OF INSTALLED CAPACITY IN LARGER
PROJECTS

Source text for Eikon:  ID:nWkr3jHjr3 
Further company coverage:  AZELIO.ST 

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