The turnover of 37.8 million euros was generated with 2.5 million charging processes (+42.1 per cent in comparison with H1 2023). In different phrases: on common, every charging session generated income of round 15 euros. Within the course of, 62.7 gigawatt hours of electrical energy had been offered, a rise of 49.5 per cent on the earlier 12 months. Which means, on common, barely extra electrical energy was charged throughout every charging course of. Within the first half of 2024, it was round 25.1 kWh per charging course of, in 2023 it was 24.7 kWh with 42.0 GWh and 1.7 million charging processes.
Fastned additionally factors to above-average capability utilisation at its personal places. “Our enterprise mannequin is proving to be extremely environment friendly, as we’re delivering 3 to five occasions extra power per station than many different gamers in Europe’s high 10 fast-charging firms,” the press launch states. The turnover per station has elevated fivefold over the previous 5 years.
Based on the assertion, the turnover of 37.8 million euros resulted in a gross revenue of 29.8 million euros (+52 per cent) – within the first half of 2023, turnover was nonetheless at 26.1 million euros and gross revenue at 19.6 million euros. Nevertheless, as Fastned continues to speculate closely in growth, the underside line of the 2024 half-year stability sheet is a internet lack of 11.4 million euros. That is eleven per cent greater than in the identical interval in 2023 (-10.3 million euros).
“On the verge of beginning to self-fund investments in new stations”
Fastned refers back to the “ongoing giant growth effort” that led to the online loss. Profitability generally has improved, nevertheless, as the corporate’s underlying EBITDA has elevated by twelve per cent to three.2 million euros. Progress is financed by company bonds, amongst different issues, of which Fastned issued bonds totalling 61 million euros within the first half of the 12 months. The money on the stability sheet has thus elevated to 145.8 million euros. Because the working money movement is now ‘solely’ -1.0 million euros (after -2.5 million euros within the earlier 12 months), Fastned is “on the verge of beginning to self-fund investments in new stations,” in keeping with Fastned.
On 30 June 2024, the Dutch firm had 318 stations (+22) in operation with 1,863 charging factors (+149). That’s a mean of 5.86 charging factors per location. Vital for additional growth: Within the first half of the 12 months, Fastned secured 79 further places the place charging stations will quickly be constructed. This represents an necessary milestone, as there at the moment are 509 secured stations on the stability sheet – greater than half of the 1,000 places focused by the corporate by 2030.
“When trying on the information, the electrical transition is nicely on its method: the growing variety of electrical automobiles throughout Europe reveals drivers are embracing electrical automobiles as they close to worth parity with fossil automobiles,” mentioned Fastned CEO Michiel Langezaal. “The present battery improvement tempo – nonetheless a comparatively younger expertise – places us on an unstoppable and accelerating path to an entire transition to electrical mobility.”
The Fastned Administration Board has additionally lately undergone a change to make the corporate match for additional progress: The Dutch firm has appointed Françoise Poggi as Chief Working Officer (COO). She was beforehand accountable for Tesla’s European provide chain and, along with CEO Langezaal and CFO Victor van Dijk, types the three-member administration board.
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