Brief: Fastned Likely To Postpone 400 Stations Target Into 2025

Fastned BV

13/04/2023 06:36

April 13 (Reuters) - Fastned BV  FASTN.AS :
    * FASTNED CONTINUED STRONG REVENUE GROWTH, EXPECTING
UNDERLYING
COMPANY EBITDA PROFITABILITY FOR 2023
    * Q1 INCREASED REVENUE RELATED TO CHARGING TO EUR 13.3
MILLION
(+132% VERSUS. Q1 2022)
    * EXPECTS TO BUILD AT LEAST 60 NEW STATIONS IN 2023
    * Q1 INCREASED GROSS PROFIT TO EUR 9.4 MILLION (+188%
VERSUS. Q1
2022)
    * EXPECTS TO BE FY2023 UNDERLYING COMPANY EBITDA POSITIVE
    * IN Q1 2023, COMPANY ADDED 14 NEW STATIONS TO ITS NETWORK
    * IN Q1 2023, FASTNED SECURED 13 LOCATIONS TO BUILD NEW
STATIONS
    * FY2023 UNDERLYING COMPANY EBITDA IS EXPECTED TO BE
POSITIVE.
    * CONFIRMS 2025 GUIDANCE
    * WILL LIKELY POSTPONE OUR 400 STATIONS TARGET INTO 2025
    * WE NOW EXPECT TO HAVE BUILT MORE THAN 350 STATIONS BY END
OF
2024

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

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