Brief: Forsee Power Q4 Revenues Up 41% To EUR 35 Million

Forsee Power SA

15/02/2023 06:40

Feb 15 (Reuters) - Forsee Power SA  FORSE.PA :
    * CONTINUED STRONG SALES MOMENTUM IN Q4 2022 WITH REVENUES
GROWTH
OF +41% TO EUR 35 MILLION
    * OVERALL, FORSEE POWER ACHIEVED REVENUES OF EUR 111 MILLION
IN
2022, AN INCREASE OF 53%, EXCEEDING INITIAL TARGET OF EUR 100
MILLION SET OUT IN COMPANY ROADMAP
    * FORSEE POWER HAS A BACKLOG FOR 20231 ALREADY EQUIVALENT TO
2022
REVENUES
    * AS EXPECTED, SHARE OF HEAVY-DUTY VEHICLES CONTINUES TO
GROW AND
NOW REPRESENTS 79% OF SALES ON DECEMBER 31, 2022, COMPARED WITH
70% AT END OF 2021.
    * FORSEE POWER SALES AMOUNTED TO EUR 35.1 MILLION IN LAST
QUARTER
OF 2022, UP +41.2% COMPARED TO Q4 OF 2021.
    * IN 2023, COMPANY WILL EXPAND ITS PRESENCE IN ALL OF ITS
HIGH
VALUE-ADDED MARKETS AND INCREASE INTERNATIONALISATION OF ITS
CUSTOMER PORTFOLIO

Source text for Eikon:  ID:nBwb6BvsGa 
Further company coverage:  FORSE.PA 
 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))