Q2 2025 Wallbox NV Earnings Call Transcript
Key Points
- Wallbox NV (WBX) achieved Q2 revenue of EUR38.3 million, within their guidance range, showing a 2% increase from the previous quarter.
- The company has seen strong growth in AC sales and software, particularly in Europe, with countries like Spain and Italy showing robust performance.
- Wallbox NV (WBX) has built a significant backlog for both AC and DC units, increasing by more than EUR5 million, which enhances sales visibility and operational efficiency.
- The company has successfully reduced labor costs and operating expenses by 25% year-over-year, contributing to improved efficiency.
- Wallbox NV (WBX) has launched innovative products like the Quasar 2, a CCS bidirectional charger, which positions them ahead of the competition in North America.
- Q2 revenue was down 22% compared to the record high in the same quarter last year, indicating a decline in overall performance.
- DC sales have been flat quarter-over-quarter, and the company acknowledges that this segment has been the weakest link compared to the previous year.
- The North American EV market has slowed, with a 5% decrease compared to last year, impacting Wallbox NV (WBX)'s growth in the region.
- The company experienced unexpected increases in operating expenses due to additional freight, duty, and tariffs costs.
- Despite improvements, Wallbox NV (WBX) reported an adjusted EBITDA loss of EUR7.5 million for the quarter, reflecting ongoing challenges in achieving profitability.
Hello everyone and welcome to Wallbox's second quarter 2025 earnings conference call and webcast. (Operator Instructions)
I would now like to turn the call over to Michael Wilhelm from Wallbox. Michael, please go ahead.
Thank you and good morning and good afternoon to everyone listening in. Thank you for joining today's webcast to discuss Wallbox's second quarter 2025 results. This event is being broadcast over the web and can be accessed from the Investors section of our website at investors.Wallbox.com. I am joined today by Enric Asuncion, Wallbox's CEO; and Luis Boada, Wallbox's CFO.
Earlier today, we issued a press release announcing results from the second quarter ended June 30, 2025, which can also be found on our website. Before we begin, I would like to remind everyone that certain statements made on today's call are forward-looking, that may be subject to risks and uncertainties relating to future events and/or the future financial performance of the company.
Actual results
| 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
