Zaptec ASA
OSE:ZAP
Zaptec ASA
Zaptec ASA engages in the designing, development, and manufacturing of chargers for electric vehicles and related technology and software. The company is headquartered in Stavanger, Rogaland. The company went IPO on 2020-10-06. The firm offers intuitive and efficient Electric Vehicle (EV) chargers that ensure easier access to personal electric transport by combining the newest technology with a user-oriented design. Zaptec’s charging stations include Zaptec Go and Zaptec Pro. Zaptec Go makes charging 10 times faster than using a socket, it fits well with all types of electric cars and homes and is one of the smallest smart chargers on the market, while Zaptec Pro is suitable for larger parking spaces in housing cooperatives and co-ownership properties, companies and newbuilds. The firm also offers Zaptec Sense, that automatically adjusts the charging speed in order to avoid overloading and power outages. Zaptec AS has several subsidiaries, including Zaptec Deutschland GmBH, Zaptec Sverige AB and Zaptec Danmark ApS.
Zaptec ASA engages in the designing, development, and manufacturing of chargers for electric vehicles and related technology and software. The company is headquartered in Stavanger, Rogaland. The company went IPO on 2020-10-06. The firm offers intuitive and efficient Electric Vehicle (EV) chargers that ensure easier access to personal electric transport by combining the newest technology with a user-oriented design. Zaptec’s charging stations include Zaptec Go and Zaptec Pro. Zaptec Go makes charging 10 times faster than using a socket, it fits well with all types of electric cars and homes and is one of the smallest smart chargers on the market, while Zaptec Pro is suitable for larger parking spaces in housing cooperatives and co-ownership properties, companies and newbuilds. The firm also offers Zaptec Sense, that automatically adjusts the charging speed in order to avoid overloading and power outages. Zaptec AS has several subsidiaries, including Zaptec Deutschland GmBH, Zaptec Sverige AB and Zaptec Danmark ApS.
Revenue Growth: Zaptec reported a 23% year-over-year increase in revenue for the third quarter, nearly matching the strong second quarter despite seasonal summer slowdowns.
Record Installations: The company achieved record installations in September, which was surpassed again in October with over 25,000 chargers installed.
Profitability Improvement: EBITDA rose sharply to NOK 21 million from NOK 4 million a year ago, with the EBITDA margin at 6%.
Order Momentum: Order intake grew 35% year-over-year and the order backlog rose 44% to NOK 524 million.
Gross Margin Stability: Gross margin held steady at 39%, with management aiming for future increases driven by new product deliveries.
Inventory Normalization: Inventory was reduced by NOK 74 million in the quarter, freeing up cash and improving liquidity.
Strong Cash Position: The company ended the quarter with NOK 532 million in liquidity, supporting future growth.
