Zaptec delivers continued growth in Q1-2021

07 Apr 2021 06:55 CEST

Company Name

ZAPTEC

ISIN

NO0010713936

Market

Euronext Growth

Symbol

ZAP

Zaptec’s turnover was 73 MNOK in the first quarter which is an increase of 62%
compared to the first quarter of 2020.

The growth continues internationally and the export share in the first quarter
of 2021 was 38% compared to 19% for the same period of 2020.

From the second quarter, Zaptec will start deliveries of the new home charger
Zaptec Go and expects continued strong growth into the second quarter.

Despite substantial expenses related to the international expansion and
promotion of Zaptec Go is the profitability in the first quarter of 2021
improved compared to the first quarter of 2020.

For more information:
Anders Thingbø, CEO, Zaptec AS
Tel: +47 934 88 385, e-mail: at@zaptec.com

Kurt Østrem, CFO, Zaptec AS
Tel: +47 404 04 700, e-mail: kurt@zaptec.com

About Zaptec:
Zaptec AS is a technology company within Electronic vehicle (EV) charging
systems in Europe. The company develops EV charging systems for multi and
single-family homes and office buildings. The product portfolio enables large
number of charging points at a low cost and includes Zaptec Pro, Zaptec Go,
Charge365 payment services, Charging columns, Zaptec Portal, and Zaptec APM. The
company accelerates the electrification of the transport sector to assist
European countries in reducing CO2 emissions from light-duty cars.


Source

Zaptec AS

Provider

Oslo Børs Newspoint