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Zaptec AS — Earnings Release 2020
Nov 13, 2020
3796_rns_2020-11-13_d8a1d589-3b14-4f89-8c1e-d1e7d1d5ab00.html
Earnings Release
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ZAPTEC AS: Q3 2020 results
ZAPTEC AS: Q3 2020 results
Q3 2020 Highlights
• Revenue growth continues despite negative effects from Covid19
• Gross margin temporary lower
• Operating cost as a share of revenues has been reduced
• EBITDA on par with Q3-2019
• Strong cash generation
• New sales of electric vehicles in Europe recovering
• Technology development on schedule
Please refer to the attached report and presentation for further details.
For more information:
Anders Thingbø, CEO, Zaptec AS
Tel: +47 934 88 385, e-mail: [email protected]
Kurt Østrem, CFO, Zaptec AS
Tel: +47 404 04 700, e-mail: [email protected]
About ZAPTEC:
ZAPTEC is a leading developer and seller of charging systems for electric vehicles and related technology for multi family homes, office buildings and large parking facilities. Its chargers have integrated phase-balancing technology and utilise Automatic Power Management software, allowing charging at significantly higher speeds compared to conventional chargers without such technology. The group has 32 employees and is headquartered in Stavanger, Norway.