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Fastned B : Fastned grows revenues by 63% in first half of 2021 on the back of strong electric vehicle sales

08/10/2021 | 05:11am EST

Fastned grows revenues by 63% in first half of 2021 on the back of strong electric vehicle sales

Amsterdam, 10 August 2021. Fastned, the European fast charging company, grew revenues related to charging by 63% in the first half of 2021 compared to the first half of 2020, on the back of strong electric vehicle sales across all its markets. Operational EBITDA (+129% yoy) grew at a faster pace than revenues due to the inherent operational leverage Fastned has in its business. Revenue and operational EBITDA growth were affected by Covid-19 measures, with many people still working from home.

With the successful equity raise of 150 million euro in March, Fastned is ready to play a leading role in the development of charging infrastructure in Europe. This will be achieved by for example participating in tenders for charging stations in Germany and France. In July Fastned opened its first Belgian highway stations, between Antwerp and Brussels. Fastned is currently preparing for construction of its first French highway stations in the second half of 2021, adding a sixth country to its network.

Key numbers

  • Revenue related to charging: € 4.4 million (+63% vs. H1 2020)
  • Volume: 7.6 GWh of renewable energy delivered (+58% vs. H1 2020)
  • Active customers Q2 2021: 65,305 (+118% vs. Q2 2020)
  • Charging sessions handled: 417K (+53% vs. H1 2020)
  • 5,964 tonnes of CO2 avoided
  • 38 million electric kilometers enabled


  • Revenues from charging were up 63% vs. H1 2020 (+141% vs. Q2 2020). The result was realized on the back of accelerated station openings and strong BEV market momentum, with the stock of registered BEV increasing YoY by more than 155% in Germany, 120% in the United Kingdom and 55% in the Netherlands.
  • Operational EBITDA1 and Operational EBITDA per station increased strongly in H1: 129% and 79% respectively compared to H1 2020. Operational EBITDA grew at a faster pace than revenue, evidencing the operational leverage in Fastned's business model.
  • Revenue and profitability growth remained affected by Covid-19 measures as a consequence of which many people still worked from home.
  • In March, Fastned raised 150 million euro in equity through an accelerated bookbuild offering, to accelerate the growth of its network.
  • As of the end of July, Fastned had secured 310 sites, increasing its total number of secured locations by 23 versus YE 2020
  • In the first half of 2021, 12 new stations were opened, bringing the total to 143 stations by the end of June. In July, a further 5 new stations were added as the construction pace ramped up.
  • In H1 2021 a total of 80 fast chargers with a 150-300 kW capacity were installed at existing Fastned stations. As of the end of June 2021, the network counted 544 chargers (+19% since the beginning of the year), bringing the average number of chargers per station to 3.8 (compared to 3.0 in H1 2020).
  • Fastned increases its station construction target for 2021 from more than 40 to more than 452, implying that by the end of December the network will count more than 175 stations.
  • Underlying net profit came in at 7.7 million euro negative, which is in line with expectations at this stage of BEV adoption and was further hampered by Corona lockdown measures. Book equity stood at 118 million euro positive, following this year's capital raise.
  • Niels Korthals Altes (CCO and previously Head of Funding) has indicated his intention to leave the company around the end of the year, and after a replacement has been found. During his more than 8 years with Fastned Niels focused on funding and development of the commercial side of the company.

Michiel Langezaal, Fastned CEO: "We have made lots of progress in the first half of 2021, with hiring many great people to grow our organisation and accelerating the construction pace. An exhilarating environment, but also one that made my good friend and colleague Niels decide that it is time for him to move on, as the starting phase is more his sweet spot than the scaling phase. I look back with gratitude and admiration for what he has achieved at Fastned, and I will sincerely miss him."

Today at 11:00am CET there will be a webcast regarding the 2021 half year figures trading update. To join the webcast please click here to pre-register. Please find the investor presentation here.

  • Non-IFRSmeasure. See page 10 and 11 of the half year report for definitions and reconciliations to IFRS measures
  • The construction target excludes MisterGreen stations, where Fastned is replacing MisterGreen chargers with single Fastned chargers on existing low voltage grid connections. Fastned will redevelop the stations once required permits and grid connections are available.

Afterwards the webcast will be published at our website.

Legal Disclaimer

Please note that elements of this press release contain or may contain information about Fastned B.V. within the meaning of Article 7(1) to (4) of EU Regulation No 596/ 2014 (Market Abuse Regulation). Fastned's Consolidated Annual Accounts are prepared in accordance with International Financial Reporting Standards as adopted by the European Union ("IFRS-EU") and with Part 9 of Book 2 of the Dutch Civil Code. All figures in this document are unaudited. Small differences are possible in the tables due to rounding or human mistakes. Certain of the statements contained herein are not historical facts, including, without limitation, certain statements made of future expectations and other forward-looking statements that are based on management's current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Actual results, performance or events may differ materially from those in such statements. Any forward- looking statements made by or on behalf of Fastned B.V. speak only as of the date they are made, and Fastned B.V. assumes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information or for any other reason. To the extent available, the industry, market and competitive position data contained in the Information come from official or third party sources. Third party industry publications, studies and surveys generally state that the data contained therein have been obtained from sources believed to be reliable, but that there is no guarantee of the accuracy or completeness of such data. This document does not constitute an offer to sell, or a solicitation of an offer to buy, any securities.


About Fastned

Fastned has been developing fast charging infrastructure for electric vehicles across Europe since 2012. Fastned's mission is to accelerate the transition to sustainable mobility by giving freedom to electric drivers. Based in Amsterdam, the company has built 158 fast charging stations in the Netherlands, Germany, the United Kingdom, Belgium and Switzerland. Fastned is working on the expansion into France. The company specialises in developing and operating fast charging infrastructure where drivers can charge their electric vehicle with up to 300 km of range in 15 minutes before continuing their journey. Fastned is listed on Euronext Amsterdam (ticker AMS: FAST).

Notes for editors (not for publication):

For more information please visit ir.fastnedcharging.comor check out our newsroom.

If you have any investor questions please contact: Hugo Vink: invest@fastnedcharging.com.

PR questions please contact: Kyra Hartlief: press@fastnedcharging.com, telephone +31 (0)20 705 53 20.


Fastned ziet omzet in eerste half jaar met 63% groeien dankzij sterk stijgende verkoop van elektrische auto's

Amsterdam, 10 augustus 2021. Fastned, het Europese snellaadbedrijf, zag de omzet gerelateerd aan opladen in de eerste helft van 2021 met 63% stijgen ten opzichte van de eerste helft van 2020, dankzij de versnelde verkoop van elektrische voertuigen in al haar markten. De operationele EBITDA (+129% joj) groeide sneller dan de inkomsten dankzij de operationele hefboomwerking die inherent is aan de activiteiten van Fastned. De groei van de omzet en operationele EBITDA werden beïnvloed door Covid-19-maatregelen, waarbij veel mensen nog steeds vanuit huis werkten.

Met de succesvolle kapitaalinjectie van 150 miljoen euro in maart is Fastned goed gepositioneerd om een leidende rol te nemen in de ontwikkeling van laadinfrastructuur in Europa door onder andere deel te nemen aan aanbestedingen voor laadstations in Duitsland en Frankrijk. In juli opende Fastned haar eerste Belgische snelwegstations, tussen Antwerpen en Brussel. Fastned bereidt zich momenteel voor op de bouw van haar eerste Franse snelwegstations in de tweede helft van 2021, waarmee een zesde land aan haar netwerk wordt toegevoegd.


  • Omzet gerelateerd aan opladen: 4,4 miljoen euro (+63% vs. H1 2020)
  • Afzet: 7,6 GWh aan duurzame energie (+58% vs. H1 2020)
  • Actieve klanten Q2 2021: 65.305 (+118% vs. H1 2020)
  • 417K laadsessies (+53% vs. H1 2020)
  • 5,964 ton CO2 vermeden
  • 38 miljoen elektrische kilometers mogelijk gemaakt


  • De omzet gerelateerd aan opladen steeg met 63% ten opzichte van H1 2020 (+141% vs. Q2 2020). Het resultaat werd gerealiseerd dankzij versnelde openingen van stations en een sterk marktmomentum voor BEV's, waarbij het aantal geregistreerde BEV's joj steeg met meer dan 155% in Duitsland, 120% in het Verenigd Koninkrijk en 55% in Nederland.
  • De operationele EBITDA3 en de operationele EBITDA per station zijn sterk gestegen in H1: respectievelijk 129% en 79% ten opzichte van H1 2020. De operationele EBITDA groeide sneller dan de inkomsten, als gevolg van de operationele hefboomwerking ingebed in Fastned's businessmodel.
  • De omzet en winstgevendheid werden nog steeds beïnvloed door Covid-19- maatregelen waardoor veel mensen nog thuis werkten.
  • In maart haalde Fastned 150 miljoen euro aan eigen vermogen op via een accelerated bookbuild offering, om de groei van haar netwerk te versnellen.
  • Eind juli stond Fastned's aantal verworven locaties op 310; een stijging van 23 locaties ten opzichte van het aantal locaties eind 2020.
  • In de eerste helft van 2021 werden 12 nieuwe stations geopend, waarmee het totaal eind juni op 143 stations stond. In juli werden nog eens 5 nieuwe stations toegevoegd doordat het bouwtempo verder werd opgevoerd
  • In H1 2021 zijn in totaal 80 snelladers met een capaciteit van 150-300 kW geïnstalleerd op bestaande Fastned stations. Eind juni 2021 telde het netwerk 544 laders (+19% sinds het begin van het jaar), waardoor het gemiddelde aantal laders per station op 3,8 uitkwam (vs. 3,0 in H1 2020).
  • Fastned verhoogt haar doelstelling voor de bouw van stations voor 2021 van ruim 40 naar ruim 454, wat inhoudt dat het netwerk eind december op meer dan 175 stations uitkomt.
  • De onderliggende nettowinst1 kwam uit op 7,7 miljoen euro negatief, wat in lijn is met de verwachtingen in dit stadium van BEV-adaptatieen daarnaast werd belemmerd door Corona lockdown maatregelen. Het eigen vermogen bedroeg 118 miljoen euro positief, na de kapitaalverhoging van dit jaar.
  • Niels Korthals Altes (CCO en voorheen Head of Funding) heeft aangegeven Fastned, nadat er een vervanger is gevonden, rond het einde van het jaar te verlaten. Gedurende zijn meer dan 8 jaar bij Fastned richtte Niels zich op de financiering en de ontwikkeling van de commerciële kant van het bedrijf.

Michiel Langezaal, CEO van Fastned: "We hebben veel vooruitgang geboekt in de eerste helft van 2021, onder andere door het aannemen van een groot aantal geweldige mensen waarmee we de organisatie hebben versterkt en het bouwtempo hebben kunnen opvoeren. Het is een dynamische omgeving, maar ook een waardoor mijn goede vriend en collega Niels heeft besloten dat het voor hem tijd is om verder te gaan, aangezien de start-up fase meer zijn ding is dan de scale-up fase. Ik kijk met dankbaarheid en bewondering terug op wat hij bij Fastned heeft bereikt en zal hem oprecht missen."

Vandaag zal er van 11.00 tot 12.00 uur een webcast zijn (in het engels) met betrekking tot de halfjaarcijfers van 2021. Klik hierom u vooraf aan te melden voor de webcast. De investeerders presentatie kunt u via deze linkbekijken.

Na afloop zal de webcast op onze websiteworden gepubliceerd.

  • Niet-IFRSmaatstaf. Zie pagina 10 en 11 van het halfjaarverslag voor definities en aansluiting op IFRS-maatstaven
  • De bouw doelstelling sluit de MisterGreen stations uit; op deze locaties vervangt Fastned de MisterGreen laders door Fastned laders en sluit deze aan op de bestaande laagspanningsnetaansluitingen. Fastned zal de stations herontwikkelen zodra de benodigde vergunningen en netaansluitingen beschikbaar zijn.

This is an excerpt of the original content. To continue reading it, access the original document here.


Fastned BV published this content on 10 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 August 2021 09:11:05 UTC.

© Publicnow 2021
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