Norway's Zaptec Q2 revenue hits record high on EV demand
Norway's Zaptec Q2 revenue hits record high on EV demand
Overview
Norway EV charging systems provider's Q2 revenue hit record high
Company cites investments in technology and rising EV adoption as drivers of growth
Outlook
Zaptec cites order backlog and accelerating EV adoption as supporting continued growth
Result Drivers
INVESTMENTS - Co said systematic investments in products, technology, market presence, installer relationships and operational scalability contributed to record results
EV ADOPTION - Co said accelerating EV adoption in Europe is supporting growth
Company press release: ID:nObimCyFQa
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Gross Margin |
| 41.00% |
|
Q2 EBITDA |
| NOK 69 mln |
|
Q2 Order Backlog |
| NOK 1.12 bln |
|
Q2 Orders |
| NOK 894 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
Wall Street's median 12-month price target for Zaptec ASA is NOK45.00, about 5.3% below its August 18 closing price of NOK47.50
The stock recently traded at 22 times the next 12-month earnings vs. a P/E of 21 three months ago
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Aug 17 - Denmark's AO Johansen Q2 revenue rises, aided by acquisition; lifts 2026 outlook
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)