Q4 2024 Zaptec ASA Earnings Call Transcript
Key Points
- Zaptec ASA (STU:6I4) achieved a significant increase in order intake, almost doubling from the previous quarter to NOK456 million.
- The company improved its gross margin to 40%, marking four consecutive quarters of margin growth.
- Zaptec ASA (STU:6I4) launched new products, including the Zaptec Go 2, which are expected to unlock major European markets in 2025.
- The company reported a strong cash flow improvement, with NOK78 million in operating cash flow for the fourth quarter.
- Zaptec ASA (STU:6I4) has a robust order backlog exceeding NOK1 billion, providing strong visibility and positioning for growth in 2025.
- Revenue for the fourth quarter was 50% down compared to the same period in 2023, highlighting a challenging comparison year.
- Despite improvements, the company faced a lower top line in 2024 compared to 2023.
- The EV market in Sweden showed only a modest increase of 12% in plug-in vehicle sales, indicating potential market challenges.
- Zaptec ASA (STU:6I4) had to reduce its OpEx by 10% from 2023 to 2024, reflecting cost-cutting measures.
- The company is still in the process of normalizing its inventory, which was reduced by NOK49 million in the fourth quarter.
Welcome to the presentation of the fourth quarter of financial results for Zaptec. My name is Kurt Ostrem. I'm the CEO in Zaptec.
And I'm Eirik Haerem. I'm the CFO of Zaptec.
The fourth quarter was a breakthrough quarter for Zaptec with all the KPIs on the right track. The fourth quarter was also the last quarter we compare ourselves with the record year 2023.
It turns out that a lot of the charges sold in 2023 ended up as an increased inventory with our distribution partners. Throughout 2024, these partners sold out and installed these chargers. And this had of course, an impact of the sales of new charger in 2024.
But this is no history. Throughout 2024, the installation rate of Zaptec charger has been way higher than the sales. And the fourth quarter was a was a turning point. We see that now that despite of a really strong order intake, we still
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
