Fastned accelerated its growth in 2022 despite highly volatile energy markets and a rise in electricity prices, demonstrating resilience and flexibility in challenging times. Revenue related to charging almost tripled to €36.0m (+191%).
Operational EBITDA more than tripled to €8.1 million (+244% vs. 2021) supported by higher revenues, showing Fastned’s scalability and operational leverage potential. Total net loss was €22.2m (2021: €24.6m), while at the same time, Fastned significantly invested in growing its network. A key highlight of 2022 was building 59 stations, bringing Fastned closer to its goal of 1,000 stations in 2030.
“In 2022, we continued to make huge strides to grow our network and team for the accelerating transition to electric mobility,” commented Michiel Langezaal, CEO Fastned.
“Despite turbulence in the energy market leading to price increases, we more than doubled kWh sales and exceeded two million successful charging sessions. Moreover, we developed our network faster than ever before, with many new stations, as well as growing our pipeline of sites located on high traffic roads. Last year, we showed once more that Fastned is one of the leading players in the rollout of European EV charging infrastructure. Our goal of building 1,000 stations in high traffic locations continues to be our focus in order to deliver on our mission to provide electric freedom to all EV drivers.”
Download the full 2022 Annual Report here
