Step towards profitability
Fast charger provider Fastned has doubled its electricity supply in 2023 compared to a year earlier and is posting a positive result for the first time.
Fastned took a step towards profitability last year. The company recorded a positive result before deducting interest, taxes and depreciation, among other things. Fastned owes these results to its rapid growth. Last year the company supplied almost twice as much power for plug-in cars as a year earlier. Turnover increased by 68 percent.
After the establishment of Fastned in 2012, a lot of attention was paid to expanding the number of fast charging stations. The significant investments were at the expense of the net result. But last year the operating result was positive for the first time, with a plus of 4.6 million euros. Fastned also reduced its net loss, from 22 million euros in 2022 to 19.3 million euros last year.
Fastned sold electricity through 297 charging stations in eight European countries. That was 55 more than a year earlier. The Amsterdam company also has rights to operate charging stations at another 432 locations.
– Thanks for information from Autoweek.nl