ADS-TEC ENERGY PLC (ADSE) Q2 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello and welcome everybody to this event. My name is Dennis Müller, SVP Product Marketing Communication from ADASIC Energy. ADASIC will today announce the financial highlights and results of the first half of this year 2024. This period ended at the 30th of June 2024. May I have your attention to the forward-looking statements? This slide deck will contain forward-looking statements. You can read them in detail on slide number two. You will be able to download the presentation afterwards on the company's website. Before I hand over to our speakers, I will guide you through the agenda. We will start with a short summarization of the half year one. Then we will talk about market trends and challenges. After that, we will talk about our strategy and use piece. After that, we will show you the financial highlights and we will end up with a Q&A session where you will be able to send us your questions. We will answer them. You can send these questions during this event via the web portal the webcast you are logged in with that i will hand over now to our ceo mr thomas spider thank you dennis welcome dear ladies and gentlemen investors thank you for taking your time and I'm pleased to walk you through the first part before I will hand over to my colleague, the CFO, Wolfgang Brehme. A few bullet points at the beginning, the review of the first half of 2024. We have been able to increase our revenues by 107% compared to last year, same period in 2023, so about 107% more, but the numbers will be explained by Wolfgang later. The adjusted EBITDA is positive in the first half year 2024, We have, and that is important, a significant amount of more customers. I will come to that later. And it turns out that our platform strategy and the concept of a multi-revenue business model is...