AI assistant
Zaptec AS — Earnings Release 2024
Aug 21, 2024
3796_rns_2024-08-21_9d23c8f7-df53-4e9d-b763-a2885808900f.html
Earnings Release
Open in viewerOpens in your device viewer
Zaptec ASA: Strong development in the second quarter of 2024
Zaptec ASA: Strong development in the second quarter of 2024
Sandnes, Norway – 21st of August 2024 – Zaptec announces a quarter marked by remarkable achievements across Europe. The company's Q2 2024 results highlight strong financial performance, with significantly improved earnings in a demanding market, alongside several key agreements that support its ongoing European expansion.
Kurt Østrem, Zaptec's CEO, says: "This defining quarter has been marked by the announcement of the Zaptec Go 2, our latest innovation in EV charging technology, providing high-quality, safe, and accessible charging solutions. Most importantly, Zaptec now operates in 18 of Europe's 20 largest EV markets, underscoring our solid growth and dedication to serving the diverse needs of EV owners across the continent."
In June, the Swedish electric performance car brand Polestar positioned Zaptec as the recommended home charger across Europe.
"Our European partnership with Polestar has significantly boosted our visibility and market presence, aligning with our vision of providing premium, innovative charging solutions," says the CEO.
Highlights:
• Quarterly revenue of 341 MNOK
• Continued strong order intake of 342 MNOK
• Order backlog of 456 MNOK
• Gross margin of 38%
• Opex of 98 MNOK
• EBITDA of 34 MNOK
Please refer to the attached Q2 2024 report and presentation for further details.
For further information, please contact:
Kurt Østrem, CEO, Zaptec ASA Tel: + 47 40 40 47 00, e-mail: [email protected]
Eirik Fjellså Hærem, CFO & Deputy CEO, Zaptec ASA Tel: +47 95 72 21 45, e-mail: [email protected]
About Zaptec:
Zaptec is a technology company within electric vehicle (EV) charging systems in Europe. The company develops EV charging systems for multi and single-family homes and office buildings. The product portfolio enables large number of charging points at a low cost and includes Zaptec Pro, Zaptec Go, Zaptec Portal, and Zaptec Sense. The company accelerates the electrification of the transport sector to assist European countries in reducing CO2 emissions from light-duty cars.