Press release
ADS-TEC Energy (ADSE) Reports H1 2022 Results and Confirms FY 2022 Guidance
Strong order momentum with booked orders up over 100% YOY for H1 2022 and demand across multiple market segments Order backlog was more than €176 million for
About this update from Ads-tec Energy Plc
[{"type":"text","content":"\n\nStrong order momentum with booked orders up over 100% YOY for H1 2022 and demand across multiple market segments\n\n\nOrder backlog was more than €176 million for end of August 2022, largely driven by strong growth in Europe and the U.S.\n\n\nH1 2022 international expansion and diversification into other geographies has led to revenue outside of Germany increasing 4x from H1 2021\n\n\nGrowth in U.S. business since launch in January\n\n\nCompleted due diligence and identification of U.S. plant location with a scheduled opening in H2 2022\n\n\nRevenue in H1 2022 was €9.4 million\n\n\nGross Profit (loss) in H1 2022 was -€4.8 million\n\n\nEBIT in H1 2022 was -€18.5 million for H1 2022\n\n\nH1 2022 closed with €65.7 million cash-on-hand and, as of this announcement, no debt\n\n\nFY 2022 revenue guidance of €80 to €100 million more than doubles FY 2021 revenue\n\n\nGrowth continues in core segments across North America, Continental Europe, and the United Kingdom\n\n\nIncreased order backlog already includes planned deliveries for 2023\n\n\n NÜRTINGEN, Germany--(BUSINESS WIRE)--\nADS-TEC Energy plc (NASDAQ: ADSE), a global leader in battery-buffered, ultra-fast charging technology, today announced audited financials for H1 2022 and guidance for FY 2022.\n\nThe company also announced strong performance and continued growth in its key segments with contracted business in municipalities, oil and gas, hospitality, big box retail, charging point operators, EV fleets, automotive OEM dealerships, and large last-mile delivery services since launching its U.S. business in January.\n\nADS-TEC Energy announced a key strategic partnership with JOLT, a Dublin and Munich-based technology company focused on owning and operating ultra-fast charging solutions in urban areas. Installations have already begun at ESSO service stations in Munich, Berlin, Hamburg, Frankfurt, Stuttgart, Dresden, Duesseldorf, and Nuremberg as well as TAMOIL stations in the Netherlands. They aim to install and operate up to 5,000 ultra-fast charging stations over the next five years.\n\nOn the product side, ADS-TEC Energy extends its battery-buffered, ultra-fast charging technology with the addition of ChargePost. Unlike the currently-available, battery-buffered ChargeBox, which consists of a separate battery-booster module and two charging dispensers, the ChargePost conso...