Zaptec ASA (OSL:ZAP)
kr 23.6 +0.050 (+0.21%) Market Cap: 2.01 Bil Enterprise Value: 2.03 Bil PE Ratio: 0 PB Ratio: 2.89 GF Score: 91/100
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Q3 2024 Zaptec ASA Earnings Call Transcript

Nov 13, 2024 / 10:59 AM GMT
Release Date Price: kr9.4 (-20.34%)

Key Points

Positve
  • Zaptec ASA (STU:6I4) has maintained a strong gross margin of 39% despite a challenging market environment.
  • The company is capturing market share, particularly in key markets such as Sweden, Norway, Switzerland, Denmark, and the Netherlands.
  • Zaptec ASA (STU:6I4) has successfully reduced its inventory by 70 million NOK, which is expected to improve liquidity moving forward.
  • The company is well-positioned for 2025 with the release of new products in the first quarter, which are expected to have stronger gross margins.
  • There is a positive outlook for market recovery in 2025, driven by stricter EU CO2 emission requirements and more affordable EV models entering the market.
Negative
  • Revenue for the third quarter was down by 26% compared to the same period last year, reflecting a weak market.
  • Order intake was soft at 244 million NOK, indicating continued market challenges.
  • The European plugin vehicle sales saw a significant drop, with an 18% reduction in the EU and a 12% decline in prioritized markets.
  • There was no growth in core markets such as the Nordics and Switzerland during the third quarter.
  • The company is comparing current performance against unusually high revenue quarters from the previous year, which may skew perceptions of current performance.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

ZAP.OL - Zaptec ASA
Q3 2024 Zaptec ASA Earnings Call
Nov 13, 2024 / NTS GMT

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Presentation
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Unidentified_1 [1]
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Good morning and welcome to the presentation of subex's financial results for the third quarter. My name is KTA. So I'm CEO Insec.

And since our CFO have got the flu today, I have Chriss, our finance director with me to help to present the numbers for the third quarter. First, we look into the business highlights for the third quarter. The third quarter is characterized by the soft revenue due to a very weak market. But despite this weak markets is capturing market shares and we are really happy with that in the third quarter, we retained a strong gross margin and we achieved a positive as promised, we reduced the inventory with a clear path towards normalization. During 2025 we have a sufficient liquidity to navigate in the current weak market and
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