Brief: Forsee Power End-Sept Sales Up At EUR 75.9 Mln

Forsee Power SA

09/11/2022 10:29

Nov 9 (Reuters) - FORSEE POWER SAS  FORSE.PA :
    * REPORTED SALES OF €75.9 MILLION AS OF SEPTEMBER 30, 2022,
UP 60%
    * Q3 REVENUES FROM HEAVY VEHICLES MORE THAN QUADRUPLED VS.
Q3 2021
    * GOOD LEVEL OF ACTIVITY IN THE LIGHT VEHICLE SEGMENT IN Q3:
+13%
VS. Q3 2021
    * CONFIRMS ITS 2022 REVENUE TARGET OF OVER €100 MILLION
    * OVER COURSE OF YEAR, WILL FOCUS ON LAUNCH OF EXPANSION OF
ITS
PRODUCTION UNIT IN THE U.S. WITH AIM OF REACHING PRODUCTION
CAPACITY OF 3 GWH BY 2027
    * CONFIRMS ITS FINANCIAL OBJECTIVES FOR 2027, NAMELY TO
ACHIEVE
REVENUES OF AROUND €600 MILLION AND EBITDA AND ADJUSTED EBITDA
MARGINS BOTH ABOVE 15%

        
 Source text for Eikon:  ID:nBw3BLT4fa 
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