UK's Pod Point Group cuts annual revenue forecast on weak EV demand

Pod Point group

20/01/2025 07:29

Jan 20 (Reuters) - Electric Vehicle charging provider
Pod Point Group  PODP.L  lowered its full-year revenue forecast
from earlier on Monday, due to the ongoing weakness in demand
for electric vehicles.
    For the 12 months ended Dec. 31, the UK-based provider
expects revenues of about 53 million pounds ($64.70 million),
down from its previous guidance of about 60 million pounds. 

($1 = 0.8192 pounds)

 (Reporting by Chandini Monnappa in Bengaluru; Editing by Rashmi
Aich)
 ((Chandini.M@thomsonreuters.com; +918061822697;))