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Fastned B : wins tenders for three new stations along key French motorways

01/06/2022 EDT
Fastned wins tenders for three new stations along key French motorways
  • Fastned wins first tenders for charging stations on ASF/VINCI motorways, bringing the total number of signed locations in France to 12.
  • This is the second batch of tender results for charging concessions on the private motorway network becoming available.
  • Fastned operates 6 stations in France and will open 2 more in the coming weeks.
  • Fastned is participating in tenders for charging stations across many French private motorways.

Fastned, the European fast charging company, has won three tenders to develop and operate three fast charging stations along key private motorways in France. The tenders were organised by Autoroutes du Sud de la France (ASF), a subsidiary of VINCI, the French construction and concession company. The stations will have capacity to charge hundreds of electric vehicles per day, with speeds up to 300kW, allowing for 300km of range added in just 15 minutes.

The French Ministry of Ecological Transition has set the goal to equip all 360 private motorway service areas with charging infrastructure by the end of 2022. Fastned is participating in competitive tenders that have been opened on around one-third of these service areas operated by VINCI , APRR/AREA and SANEF and their subsidiaries. Concessioned highways represent the key infrastructure for long distance travel by car in France.

Currently around 1% of the vehicles on the road in France are fully electric. This share is expected to be more than 10%, or ten times higher by 2030, which will significantly drive growth in charging demand and station revenues.

The three new stations will be located in the south of France, at the following service areas: Aire de la plaine Forez Est (A72), Aire d'Ambrussum Nord (A9), Aire des Jardins des Causses du Lot (A20). Each station will initially have eight charging positions, delivering up to 300kW per charge point. The stations are planned to be built and opened before the end of 2022.

In November 2020 Fastned won its first French tender for nine locations, organised by the French motorway and toll group APRR/AREA. Recently, Fastned opened the first six stations out of this tender. Another two stations will be opened in the coming weeks along the A5 (south of Paris), on the route to Switzerland.


"We are very happy that we have been selected by ASF as a charging company to realise and operate fast charging stations along key motorways in France. Making available large locations via long term leases is crucial for the construction of high-quality charging infrastructure. We look forward to working closely with ASF to build a better infrastructure for electric drivers and to contribute to the climate ambitions of France."

Michiel Langezaal, CEO Fastned
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 188 fast charging stations in the Netherlands, Germany, the United Kingdom, Belgium, France and Switzerland 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).


Fastned BV published this content on 06 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 January 2022 11:24:10 UTC.

© Publicnow 2022
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Sales 2022 32,9 M 35,3 M 35,3 M
Net income 2022 -13,1 M -14,0 M -14,0 M
Net Debt 2022 14,2 M 15,2 M 15,2 M
P/E ratio 2022 -32,2x
Yield 2022 -
Capitalization 495 M 530 M 530 M
EV / Sales 2022 15,5x
EV / Sales 2023 9,01x
Nbr of Employees 109
Free-Float 98,2%
Duration : Period :
Fastned B.V. Technical Analysis Chart | FAST | NL0013654809 | MarketScreener
Technical analysis trends FASTNED B.V.
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Income Statement Evolution
Mean consensus BUY
Number of Analysts 3
Last Close Price 29,22 €
Average target price 48,50 €
Spread / Average Target 66,0%
EPS Revisions
Managers and Directors
Michiel Langezaal Chairman-Management Board & CEO
Victor van Dijk Chief Financial Officer
Bart Lubbers Director
Marije van Mens Vice Chairman-Supervisory Board
Nancy Kabalt Member-Supervisory Board
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