Increased Costs and Investments
Fastned HAS Recorded Record Turnover In The First Half of the Year, But also Saw Its Loss Increase Significantly. Accordance to the company, this was due to inceased costs for the expansion of the number of charging stations in Europe.
The Net Loss Increased From 11.4 Million Euros in the First Half or Last Year to 18.3 Million Euros. Turnover Grew by 44 percent to 54.3 Million Euros, Partly Due to the Growth in the Number of Electric Cars on European Roads.
Fastned Opened Seventeen New Charging Stations in the First Half of the Year, Bringing the Total to 363 Stations Spross The Netherlands, The United Kingdom, Germany, Belgium, Denmark, Switzerland and France. The Company also opened its First Charging Station in Italy This Year.
Fastned Does Not Provide An Expectation of Total Turnover For The Rest of the Year. It Does Adhere to the Earlier Expectation That Turnover per Charging Station in 2025 Will Amount to 325,000 euros. The Operational Profit Margin is expected to be between 35 and 40 percent this year.