Report
Thijs Berkelder

Fastned : Q3 update confirms further jump in profitability

>Stations up 16% y-o-y & operational EBITDA per station up 37% y-o-y - Electricity sold up 39% y-o-y to 35.5 GWh vs. BEV fleet (= market) up 34% y-o-y and sessions up 33% y-o-y to 1.3m and active customers up 33% y-o-y to 474kEnergy delivered per station was up 19% y-o-y to 438 MWh, with a reported utilisation rate of 11.9% (11.4% a year ago) and like-for-like up to 13.7%Revenues up 44% y-o-y to € 21.9m vs. AAOB € 22.5m) with annualised revenues per station ...
Underlying
Fastned

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Thijs Berkelder

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