Brief: Fastned Aims To Double Size Of Its Network By Year-End 2024

Fastned BV

14/06/2022 06:36

June 14 (Reuters) - Fastned BV  FASTN.AS :
    * 'CHARGING DAY 2022': FASTNED SETS NEW AMBITIONS AT FIRST
CAPITAL
MARKETS DAY
    * NETWORK EXPECTED TO REACH MORE THAN 400 STATIONS BEFORE
YEAR-END
2024, WITH A MINIMUM BUILD PACE OF 100 STATIONS PER YEAR
    * UNDERLYING COMPANY EBITDA EXPECTED TO BE POSITIVE IN 2023
AND
OPERATIONAL EBITDA MARGIN EXPECTED TO EXCEED 40% BY 2025
    * FASTNED WORKING ON ENTRIES INTO NEW EUROPEAN MARKETS AND
OPENING
FIRST FASTNED SHOP IN H2 OF 2022
    * FASTNED EXPECTS AVERAGE ANNUAL REVENUE PER STATION TO
REACH AT
LEAST EUR 400,000 IN 2025 AND BE ABOVE EUR 1 MILLION IN 2030
    * BY YEAR-END 2024, FASTNED AIMS TO DOUBLE SIZE OF ITS
NETWORK TO
AT LEAST 400 STATIONS, WHICH IS EXPECTED TO REQUIRE ADDITIONAL
FUNDING OF BETWEEN EUR 50 MILLION AND EUR 75 MILLION
    * FASTNED EXPECTS TO REACH A BUILDING PACE OF 100 STATIONS
PER
YEAR BY 2024 AND GROWING THEREAFTER
    * BEFORE 2030, FASTNED EXPECTS TO REACH ITS AMBITION OF
HAVING A
NETWORK OF 1,000 FAST CHARGING STATIONS AT PRIME LOCATIONS

Source text: https://bit.ly/3mM2Fyc
Further company coverage:  FASTN.AS 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))