Zaptec ASA: Fourth quarter 2024 financial results

19 Feb 2025 07:30 CET

Sandnes, Norway – 19th of February 2025:

Zaptec is pleased to announce the financial results for the fourth quarter of
2024.

The company has now reached a breakpoint, with the KPIs moving in the right
direction. Compared to last quarter, Zaptec recorded an increase in order
intake, revenue, gross margin, EBITDA, cash flow, and liquidity.

“We’re starting 2025 with strong momentum and solid order backlog visibility.
With the EV market recovering and new products targeting major European markets
launched in Q1, the outlook is positive for growth, higher earnings, and
stronger cash flow,” says Kurt Østrem, CEO of Zaptec.

Q4 highlights:
• Revenue of 327 MNOK
• Order intake of 456 MNOK
• Order backlog of 495 MNOK
• Gross margin of 40%
• Opex of 111 MNOK
• EBITDA of 19 MNOK

A video presentation of the fourth quarter financial results is available at
https://www.zaptec.com/company/investor-relations

For further information, please contact:
Kurt Østrem, CEO, Zaptec ASA Tel: + 47 40 40 47 00, e-mail: kurt@zaptec.com
Eirik Fjellså Hærem, CFO & Deputy CEO, Zaptec ASA Tel: +47 95 72 21 45, e-mail:
efh@zaptec.com
Kristian Sæther, Finance Director & IR, Zaptec ASA Tel: + 47 90 70 85 12,
e-mail: investor@zaptec.com

About Zaptec: Zaptec is a technology company within electric 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 many
charging points at a low cost and includes Zaptec Pro, Zaptec Go, Zaptec Portal,
and Zaptec Sense. The company accelerates the electrification of the transport
sector to assist European countries in reducing CO2 emissions from light-duty
cars.

More information:
Access the news on Oslo Bors NewsWeb site

639118_Zaptec - Q4 2024 report_FINAL.pdf
639118_Zaptec - Q4 2024 presentation_FINAL.pdf