In a Year on Year (YoY) comparison with Q4 of 2015, Fastned's volume, revenue and
number of customers showed strong growth in Q4 of 2016:
- Volume: 168,381 kWh (+209%)
- Revenue: EUR 81,382 (+174%)
- Customers: 3,177 (+92%)
Other highlights of Q4 2016:
- Fastned completed six new stations in The Netherlands; five along the highway and
one urban station in the Hague
- In November, Fastned introduced a very well received Routeplanner tool which allows
our customers to plan a journey using Fastned stations
- Early December, Fastned raised EUR 2.5 million in just 4 days through an issue of
bonds.
- Late December, Fastned lowered the prices of "per kWh" charging from 79ct to 59ct, and
the monthly subscription fee for "Standard" from EUR 12 to EUR 9.99; Fastned raised
the monthly subscription fee for "Power" from EUR 24 to EUR 29.99 (all prices
including VAT).
End of 2016, almost 13,000 full electric vehicles are on the road in the Netherlands,
a growth of around 38% compared to the end of 2015.
In Q4 2016, Fastned continued to grow rapidly, outpacing the growth of the electric
vehicle market. The number of active customers (defined as individual customer that
charged at least once in this quarter) grew to 3,177. Revenue grew with 174% to EUR 81,382
while volume grew with 209% to 168,381 kWh delivered. This growth in revenue and volume
was achieved by adding new stations as well as a higher utilisation per station compared
to Q4 2015.
Fastned expects that in 2017 improved tax incentives and the introduction of EVs with
more range will further improve market conditions in the months ahead. As of January 1,
2017, the tax regime for full electric vehicles in the Netherlands was improved even more
relative to cars with combustion engines (including PHEVs). Also, in the first half year
we expect to see the start of deliveries of the new Renault ZOE, VW Golf and Opel
Ampera-E.
Please note that the numbers above are unaudited. Audited annual figures will be
published in March.
Check here [https://fastned.nl/en/investing/investor-relations ] the Q4 2016 update
including graphs.
>>>>
Note for the editor (not for publication):
For more information go to http://www.fastned.nl [http://fastned.nl/en ]. Or check out
our pressroom [http://fastned-en.pr.co ], in the presskit
[http://press.fastnedcharging.com/presskit?reheat_cache=1 ] you will find logos, pictures
and graphics. See the newsroom [http://www.fastned.nl/en/in-the-news ] for news articles
about Fastned.
Background information Fastned:
Fastned is building the world's first network of fast-charging stations where all
electric cars can charge. We are building stations at high traffic locations along the
highway and in cities, where electric cars can charge in 20 minutes. This will provide
freedom for electric cars to drive everywhere throughout Europe. As of today, Fastned
operates in The Netherlands and is working on expanding its fast charging network to the
rest of Europe. Fastned is listed on the Nxchange stock exchange.
http://www.fastned.nl/en.
Fastned is rolling out it's network of fast charging stations in response to the
rapidly increasing numbers of EV's in Europe. Car manufacturers such as Tesla, Audi, Volvo,
Aston Martin, BMW, Nissan, Mitsubishi, Porsche, Volkswagen, Mercedes, Ford, General
Motors and Renault are investing billions of Euro's in the development of, and production
capacity for EV's. More and more EV's are hitting our roads which drives the need for
charging infrastructure. Fastned is responding to this development by building the service
stations of the future. Co-founder and CEO Michiel Langezaal: "We are the Shell of the
future, only our energy comes from the sun and the wind."
PRN NLD
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