Energy storage firm Nhoa considers partnership for EV charging unit

Nhoa SA

26/07/2023 13:45

MILAN, July 26 (Reuters) - Energy storage and e-mobility
firm Nhoa  NHOA.PA  is considering teaming up with a partner to
develop Atlante, its fast-charging network for electric vehicles
(EV) in southern Europe, the Milan-based group said on
Wednesday.
    Launched in 2021, Atlante plans to further develop its 
current network of 1,200 charging points, with plans to install
about 2,000 new stations across Italy, France, Portugal and
Spain.
    The entrance of a strategic partner is one of the options
Nhoa is considering to expand its network to over 20,000
charging points by 2030, according to a presentation during the
group's capital market day.
    Paris-listed Nhoa posted a core profit loss of 16.8 million
euros in the first half of 2023, compared to a 5.8-million-euros
loss in the same period of last year, due to investments in its
capital-intensive EV charging unit.
    The group expects to break even in 2025, CEO Carlalberto
Guglielminotti told investors during the presentation in Milan.
    The company improved its 2023 full-year sales outlook to
250-280 million euros from a previous target of 220-280 million,
euros after a 48% revenue increase in the six months ending
June.

 (Reporting by Elvira Pollina, editing by Alvise Armellini and
David Evans)
 ((elvira.pollina@thomsonreuters.com;))