Fastned : BEV revival + cost control are keys to sharp upgrade
Where Fastned in the past few years has disappointed in terms of EBITDA delivery, not only because BEV market growth disappointed, but also because its cost management was not under control, the company now in our view is about to make a U-turn. On the one hand this is because BEV growth is back thanks to recent Middle East events making clients actively switch from ICE to BEVs. On the other hand this is related to the appointment of an interim-CFO who sees his main task in bringing costs (operating opex, expansion opex, capex) back under controlFastned BV is a company based in the Netherlands that owns and develops charging stations. The Company offers charging solutions to electric transportation through solar and wind energy. It serves customers in Europe.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.