Picture of Fastned BV logo

FAST — Fastned BV News Story

0.000.00%
nl flag iconLast trade - 00:00
UtilitiesAdventurousMid CapMomentum Trap

Fastned rises after strong H1 earnings, guidance hike

BUZZ-Fastned rises after strong H1 earnings, guidance hike

** Shares in Fastned FASTN.AS are up 7%, on track for their best day since May 21, after the Dutch charge point operator reported strong H1 profitability and raised full-year guidance

** "Investments and cost discipline are paying off," Degroof Petercam says in a note

** Fastned hiked its operational EBITDA margin forecast to 45% from the previously expected 35-40% range

** The company's H1 operational EBITDA more than doubled to €37.4 million, from €17.9 million a year ago

** "The increase in the FY26 guidance underlines management's confidence that the positive trend in profitability can be maintained," says Degroof Petercam

** The broker adds it sees this as a confirmation that Fastned is on good track to profitability on the bottom line and better cash generation

** The shares were volatile in the first half-hour of trading, see-sawing between negative and positive territory, which ODDO BHF analyst Thijs Berkelder says could have been due to profit taking


(Reporting by Margaux Perrin in Gdansk)

((Margaux.Perrin@thomsonreuters.com ))

Recent news on Fastned BV

See all news