Fastned : Operational cash flow growing for self-funded expansions
>H1 results strong but slightly weaker than our forecast - P&L. Revenues in H1 were up 45% y-o-y to € 37.8m (AAOB € 38.6m), Gross profit is up 52% y-oy to € 29.8m (AAOB € 31.2m), equivalent to € 0.47 per kWh, and Underlying EBITDA in H1 was up by 12% y-o-y to € 3.2m (AAOB € 5.9m). Net profit in H1 was still negative € 11.4m, "a consequence of the ongoing large expansion effort" (AAOB minus € 12.2m)CFFO in H1 improved to minus € 1.0m (AAOB minus € 1.1m), up from m...Fastned 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.
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