Fastned : Q1 sequential growth disappoints
>Energy sold in Q1 up 52% y-o-y but slightly below Q4 - Energy sold +52% y-o-y but below Q4. Fastned in 24Q1 grew its energy volume sold by 52% y-o-y to 31.4 GWh, again stronger than the growth in the EV fleet (+43%), but was slightly down from 32.2 GWh in 23Q4 (still +80% y-o-y). On the EV market it expects: “ Prospects for sales in 2024 and beyond remain positive as EV fleet penetration is expected to more than double by 2026 and increase five-fold by 2030.”Act...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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