Brief: Fastned H1 Revenue Related To Charging Up At 4.4 Million Euros

Fastned BV

10/08/2021 06:43

Aug 10 (Reuters) - Fastned BV  FASTN.AS :
    * FASTNED GROWS REVENUES BY 63% IN FIRST HALF OF 2021 ON
BACK OF
STRONG ELECTRIC VEHICLE SALES
    * H1 REVENUE RELATED TO CHARGING: EUR 4.4 MILLION (+63%
VERSUS. H1
2020)
    * CURRENTLY PREPARING FOR CONSTRUCTION OF ITS FIRST FRENCH
HIGHWAY
STATIONS IN SECOND HALF OF 2021, ADDING A SIXTH COUNTRY TO ITS
NETWORK
    * ACTIVE CUSTOMERS Q2 2021: 65,305 (+118% VERSUS. Q2 2020)
    * H1 UNDERLYING NET PROFIT CAME IN AT 7.7 MILLION EURO
NEGATIVE
    * OPERATIONAL EBITDA AND OPERATIONAL EBITDA PER STATION
INCREASED
STRONGLY IN H1: 129% AND 79% RESPECTIVELY COMPARED TO H1 2020
    * INCREASES ITS STATION CONSTRUCTION TARGET FOR 2021 FROM
MORE
THAN 40 TO MORE THAN 452, IMPLYING THAT BY END OF DECEMBER
NETWORK WILL COUNT MORE THAN 175 STATIONS
    * COVID-19 RESTRICTIONS HAVE HAD A SIGNIFICANT IMPACT ON
TRAFFIC
AND AS A CONSEQUENCE AFFECTED FASTNED'S TOP-LINE
    * WE EXPECT THE COMING PERIOD TO PROVIDE AMPLE OPPORTUNITIES
TO
ACT ON OUR STRATEGY OF ACQUIRING LONG TERM LOCATIONS ON HIGH
TRAFFIC SITES
    * END-H1 CASH AT THE END OF THE PERIOD STOOD AT €161M
POSITIVE,
FOLLOWING THIS YEAR'S CAPITAL RAISE

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

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