Brief: Fastned H1 Operational EBITDA Increased To EUR 3.0 Mln

Fastned BV

11/08/2022 06:45

Aug 11 (Reuters) - Fastned BV  FASTN.AS :
    * NEARLY TRIPLES SALES IN FIRST HALF OF 2022
    * H1 INCREASED REVENUE RELATED TO CHARGING TO EUR 12.6
MILLION
(+188% VERSUS H1 2021)
    * IN H1, GREW VOLUME OF RENEWABLE ENERGY DELIVERED TO 20.2
GWH
(+166% VERSUS. H1 2021)
    * OPERATIONAL EBITDA INCREASED TO €3.0 MILLION IN H1 2022
FROM
€0.7 MILLION IN THE SAME PERIOD LAST YEAR (+298% YOY)
    * H1 UNDERLYING NET LOSS FOR PERIOD WAS EUR 10.4 MILLION
(VERSUS.
EUR 7.7 MILLION IN H1 2021)
    * ANNUALISED Q2 REVENUE RUN-RATE INCREASED TO MORE THAN 27
MILLION
EURO
    * IN H1 2022, COMPANY ADDED 23 NEW STATIONS TO ITS NETWORK
    * TO MITIGATE IMPACT OF RISING ENERGY PRICES WE'VE INCREASED
PRICES ACROSS ALL MARKETS STARTING 1 AUGUST OR 1 SEPTEMBER
    * AS WE EXPECT ENERGY MARKETS TO REMAIN VOLATILE IN
FORESEEABLE
FUTURE, WE WILL RECONSIDER OUR PRICES ON A MONTHLY BASIS GOING
FORWARD
    * WE EXPECT THE OPERATIONAL EBITDA MARGIN TO BE MORE THAN 
40% BY
2025 WHILE UNDERLYING COMPANY EBITDA IS EXPECTED TO BECOME
POSITIVE IN 2023.
    * IN OUR KEY MARKETS, 10 TO 20% OF NEW CARS SOLD ARE NOW
ELECTRIC
    * BY 2030, WE EXPECT THAT ALMOST ALL NEW VEHICLES SOLD IN
OUR MAIN
MARKETS WILL BE ELECTRIC
    * Q2 LIKE-FOR-LIKE UTILISATION WAS 12.9% WITH RESPECT TO Q2
2021

Source text: https://bit.ly/3pbt8q0
Further company coverage:  FASTN.AS 

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