Zaptec ASA (OSL:ZAP)
kr 24.7 +0.15 (+0.61%) Market Cap: 2.09 Bil Enterprise Value: 2.11 Bil PE Ratio: 0 PB Ratio: 3.11 GF Score: 85/100

Q1 2025 Zaptec ASA Earnings Call Transcript

May 7, 2025 / 10:59 AM GMT
Release Date Price: kr19.3 (+1.15%)

Key Points

Positve
  • Zaptec ASA (STU:6I4) reported a 16% increase in revenue for Q1 2025 compared to the same period last year, reaching an all-time high for the first quarter.
  • The company achieved a strong order intake of 366 million, a 20% increase from Q1 2024, with a firm order backlog of 507 million.
  • Zaptec ASA (STU:6I4) was recognized as the largest home charging provider in Europe in 2024, highlighting its market leadership.
  • The company successfully reduced its inventory by 36 million in Q1, contributing to improved liquidity and financial health.
  • There is a positive outlook for future growth, with expectations of increased EV sales in Europe and expansion into new markets like Germany and the UK.
Negative
  • The gross margin was negatively impacted by currency fluctuations, with the NOK strengthening against major European currencies, leading to a softer margin.
  • Despite a strong revenue increase, the gross margin only improved slightly from 38% to 39% year-over-year.
  • The company faced a one-off cost of 5 million due to a reorganization and headcount reduction, affecting operational expenses.
  • The EV market in Switzerland showed weak sales, although Zaptec ASA (STU:6I4) managed to increase its market share.
  • The UK market, while showing growth, still represents low sales numbers, indicating room for improvement in market penetration.


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

ZAP.OL - Zaptec ASA
Q1 2025 Zaptec ASA Earnings Call
May 07, 2025 / NTS GMT

=====================
Presentation
--------------------------------------------------------------------------------
Unidentified_1 [1]
--------------------------------------------------------------------------------
Welcome to SAPech and the presentation of the 1st quarter financial results.

My name is Kurt Elam, and together with Ari Harem, we will take you through the financial highlights for the 1st quarter. SUPEch is building momentum with improved KPIs in the 1st quarter, with increased revenue and increased EBDA.

The strong order intake continued in the first quarter, and we have a solid backlog and huge visibility for future sales in 2025.

In the first quarter, we were also recognized as the largest home shorting provider in Europe in 2024. This is something we are really proud of.

We have an ongoing ramp up of new products in large markets.

We controlled the ops and focused on innovation and sales.

We
Already have an account? Log in
Get the full story
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...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot