In 2019, Fastned grew significantly and boasts a positive annual operational EBITDA (excluding expansion costs) for the first time.
Fastned, the Dutch fast-charging network, closed the year 2019 with total revenues of around €6.4 million, out of which €4.5 million was related directly to charging (up 175%).
Over the 12 months of 2019, the company delivered nearly 8 GWh of electricity (up 175%) to over 42,800 active customers (up 139%).
The growth looks amazing, although the ongoing expansion is also reflected in €12 million of total net losses (92% higher than in 2018).
“Fastned, the fast charging company that is building a European network of fast charging stations, continued to grow rapidly in 2019. Revenues related to charging increased by 178% to 4.5 million euro. Total revenues, including revenues from station construction as part of service concessions, amounted to 6.4 million euro. Because of the rapid revenue growth, Fastned’s network produced a positive annual Operational EBITDA (underlying company EBITDA excluding expansion costs) for the first time. Operational EBITDA amounted to 0.5 million euro in 2019 (compared to -1.2 million euro in 2018). “
For 2019 Fastned reports (vs 2018):
- Total Revenues: €6,4 million (+291%)
Revenue related to charging: €4.5 million (up 178%), on average at €0.58/kWh
- Total Ret Loss: €12,034,000 (+92%)
- Volume: 7,969,000 kWh (+175%), on average customers used 186 kWh/customer
- Active customers: 42,805 (+139%), on average spent €105/customer
The network consists of 114 stations (as of the end of 2019), installed mostly in the Netherlands (98) and Germany (15) plus a single station in the UK.
The average revenue per single station is currently at nearly €40,000 per year, by delivering some 70 MWh of electricity.
The number of over 0.5 million charging sessions per year reveals also some other average results like:
Fastned results – 2019
Infographic of the annual report 2019
Full report can be found here.
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