Fastned soars as it aims to double its network, increase margins
14/06/2022 08:23
** Shares in Dutch car charging stations maker Fastned
FASTN.AS surge over 10% as the company aims to double its
network size by end-2024, while eying core profit margin
exceeding 40% by 2025
** Fastned expects its network to reach over 400 stations
before year-end 2024, with a minimum build pace of 100 stations
per year urn:newsml:reuters.com:*:nFWN2Y105Y
** It forecasts positive 2023 underlying company EBITDA and
operational EBITDA margin exceeding 40% by 2025, while average
annual revenue per station should reach at least EUR
400,000($417,440) in 2025 and over EUR 1 mln in 2030
** The stock is heading for its best day in around 13 months
($1 = 0.9582 euros)
(Reporting by Piotr Lipinski)
((piotr.lipinski@tr.com))