ADS-TEC Energy (Nasdaq: ADSE) Capital Markets Day: Highlights
26 Octubre 2023 - 3:21PM
Business Wire
- Sales guidance for fiscal 2023 confirmed
- Positive EBITDA for the first time in the fourth quarter of
2023
- Further strong growth expected in 2024
ADS-TEC Energy (NASDAQ: ADSE), a global leader in
battery-buffered, ultra-fast charging technology held its virtual
Capital Markets Day today. The management team of ADS-TEC Energy,
consisting of Thomas Speidel (Founder and Chief Executive Officer),
Michael Rudloff (Chief Operating Officer) and Wolfgang Breme (Chief
Financial Officer), gave an update on technology and order status
as well as an outlook to 2024.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20231026212393/en/
ADS-TEC Energy provided highlights from
its virtual Capital Markets Day on Oct. 26, 2023. (Photo: Business
Wire)
The key highlights at a glance:
ADS-TEC Energy Technology: Best-in-Class
- Technology has been developed over more than a decade
- More than 1,400 battery-based DCFC charging points produced and
sold
- Product has been proven by real operating data from
clients
- Exceeding customers’ expectations at very high-utilized
sites
Growth
- Revenue forecast of more than €100 million (+400%) for 2023
confirmed
- Well-funded customer base
- Increasing number of blue-chip clients
- Based on customers’ forecasts and projections, sales are
expected to double in 2024
- Available and established production capacity to follow the
growth
- Q3 will be a record quarter in the company‘s history
Profitability
- Expected EBITDA positive in Q4/2023
- Incremental margin improvements driven by high added values for
clients
- Service revenues about to begin, following our platform
strategy
- Improving purchasing, optimization of production processes,
using volume impact
- Continuous improvement of processes in purchasing, logistics
and production and economies of scale in the wake of strong sales
growth
The detailed presentation is available for download on the
website: https://www.ads-tec-energy.com/unternehmen/investoren
About ADS-TEC Energy
ADS-TEC Energy plc, a public limited company incorporated in
Ireland and publicly listed on NASDAQ (“ADS-TEC Energy”), serves as
a holding company for ads-tec Energy GmbH, our operating company
incorporated in Germany (“ADSE GM”) and ads-tec Energy Inc., a US
subsidiary of ads-tec Energy GmbH (“ADSE US” and together with
ADS-TEC Energy and ADSE GM, “ADSE”). Based on more than ten years
of experience with lithium-ion technologies, ADS-TEC Energy
develops and manufactures battery storage solutions and fast
charging systems including their energy management systems. Its
battery-based, fast charging technology enables electric vehicles
to ultrafast charge even on low powered grids and features a very
compact design. It was most recently nominated by the President of
the Federal Republic of Germany for the German Future Prize and
elevated to the "Circle of Excellence" in 2022. The high quality
and functionality of the battery systems are due to a particularly
high depth of development and in-house production. With its
advanced system platforms, ADS-TEC Energy is a valuable partner for
automotive, OEMs, utility companies and charge-operators.
More information: https://www.ads-tec-energy.com/en/
Forward-looking Statements
This press release contains forward-looking statements within
the meaning of the “safe harbor” provisions of the Private
Securities Litigation Reform Act of 1995. Words such as “expect,”
“estimate,” “project,” “budget,” “forecast,” “anticipate,”
“intend,” “plan,” “may,” “will,” “could,” “should,” “believes,”
“predicts,” “potential,” “continue,” and similar expressions are
intended to identify such forward-looking statements. These
forward-looking statements include statements regarding our
financial outlook for 2023, our expectations with respect to future
performance and the anticipated timing of certain commercial
activities. There are a significant number of factors that could
cause actual results to differ materially from the statements made
in this press release, including: the impact of the COVID-19
pandemic, geopolitical events including the Russian invasion of
Ukraine, macroeconomic trends including changes in inflation or
interest rates, or other events beyond our control on the overall
economy, our business and those of our customers and suppliers,
including due to supply chain disruptions and expense increases;
our limited operating history as a public company; our dependence
on widespread acceptance and adoption of EVs and increased
installation of charging stations; our current dependence on sales
to a limited number of customers for most of our revenues; overall
demand for EV charging and the potential for reduced demand for EVs
if governmental rebates, tax credits and other financial incentives
are reduced, modified or eliminated or governmental mandates to
increase the use of EVs or decrease the use of vehicles powered by
fossil fuels, either directly or indirectly through mandated limits
on carbon emissions, are reduced, modified or eliminated; supply
chain interruptions and expense increases; unexpected delays in new
product introductions; our ability to expand our operations and
market share in Europe and the U.S.; the effects of competition;
changes to battery energy storage standards; and the risk that our
technology could have undetected defects or errors. Additional
risks and uncertainties that could affect our financial results are
included under “Item 3. Key Information – 3.D. Risk Factors” in our
annual report on Form 20-F filed with the Securities and Exchange
Commission (the “SEC”) on May 11, 2023, which is available on our
website at https://www.ads-tec-energy.com and on the SEC’s website
at www.sec.gov. Additional information will also be set forth in
other filings that we make with the SEC from time to time. All
forward-looking statements in this press release are based on
information available to us as of the date hereof, and we do not
assume any obligation to update the forward-looking statements
provided to reflect events that occur or circumstances that exist
after the date on which they were made, except as required by
applicable law.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20231026212393/en/
Media: For ADS-TEC Energy
Europe: Dennis Müller SVP Product Marketing &
Communication press@ads-tec-energy.com
For ADS-TEC Energy United States:
Stephannie Depa Breakaway Communications sdepa@breakawaycom.com +1
530-864-0136
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