AI assistant
Zaptec AS — Earnings Release 2024
Feb 19, 2025
3796_rns_2025-02-19_4ac1c0a5-2c35-4ea7-9be9-8b30ec86ee78.html
Earnings Release
Open in viewerOpens in your device viewer
Zaptec ASA: Fourth quarter 2024 financial results
Zaptec ASA: Fourth quarter 2024 financial results
Sandnes, Norway – 19th of February 2025:
Zaptec is pleased to announce the financial results for the fourth quarter of 2024.
The company has now reached a breakpoint, with the KPIs moving in the right direction. Compared to last quarter, Zaptec recorded an increase in order intake, revenue, gross margin, EBITDA, cash flow, and liquidity.
“We’re starting 2025 with strong momentum and solid order backlog visibility. With the EV market recovering and new products targeting major European markets launched in Q1, the outlook is positive for growth, higher earnings, and stronger cash flow,” says Kurt Østrem, CEO of Zaptec.
Q4 highlights:
• Revenue of 327 MNOK
• Order intake of 456 MNOK
• Order backlog of 495 MNOK
• Gross margin of 40%
• Opex of 111 MNOK
• EBITDA of 19 MNOK
A video presentation of the fourth quarter financial results is available at https://www.zaptec.com/company/investor-relations
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]
Kristian Sæther, Finance Director & IR, Zaptec ASA Tel: + 47 90 70 85 12, 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 many 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.