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ADS-TEC Energy's ChargePost wins the Green Product Award 2024 in the mobility category for its battery-buffered rapid charging station, enabling off-grid charging within minutes. The product's features include energy storage, fast charging at up to 300 kW, and sustainability benefits.
ADS-TEC Energy (ADSE) reported record revenue in FY 2023, with EUR 107.4 million, compared to EUR 26.4 million in FY 2022. The company achieved its first profitable quarter with a fourth-quarter revenue of approximately EUR 50.3 million and an Adjusted EBITDA of EUR 4.6 million. Operational highlights include the installation of over 1,500 DCFC charging points and the formation of key partnerships. ADS-TEC anticipates revenues exceeding EUR 200 million in 2024 and expects to be EBITDA positive. The company's systems boast over 97% uptime, positioning them for continued growth and success.
ADS-TEC Energy plc (NASDAQ: ADSE) has appointed Alwin Epple, a prominent figure in the automotive industry, to its Board of Directors. With over 30 years of experience at Daimler AG and Mercedes Benz Group, Mr. Epple brings a wealth of expertise to the company. His international career trajectory showcases his ability to navigate complex markets and deliver tangible results. ADS-TEC Energy's appointment of Mr. Epple highlights the company's commitment to driving innovation and sustainable growth.
ADS-TEC Energy (ADSE) will host a business update call on April 30th, 2024, following the release of full-year 2023 results. The call will be led by CEO Thomas Speidel and CFO Wolfgang Breme. Participants can join via phone or webcast. Replay options will be available for two weeks.
