ADS-TEC Energy Reports 2.5% Revenue Increase and Achieves First Positive Adjusted EBITDA in 2024

Reuters
05-13
ADS-TEC Energy Reports 2.5% Revenue Increase and Achieves First Positive Adjusted EBITDA in 2024

ADS-TEC Energy plc reported its full-year 2024 financial results, revealing a revenue of €110.0 million, marking a 2.5% increase from €107.4 million in 2023. The company achieved a gross profit of €19.4 million, with a 17.7% gross margin, compared to a gross loss of €-2.9 million in 2023. Adjusted EBITDA showed significant improvement, reaching €2.2 million, up from €-38.1 million the previous year. The operating loss was reduced to €-8.6 million from €-44.5 million in 2023. ADS-TEC Energy also reported cash and cash equivalents of €22.9 million as of December 31, 2024. The company expanded its customer base by over 200%, reaching 55 customers across Europe, the United States, and Canada. Service revenue nearly tripled, increasing from €2.0 million to €5.6 million year-over-year. Significant growth opportunities were identified in energy storage, with the company participating in large-scale international battery energy storage system $(BESS)$ projects from 2025 onward. ADS-TEC Energy also strengthened its presence in North America through customer growth and a strategic partnership with Parkland Corporation. A $50 million financing round was secured on May 1, 2025, to support international growth and the expansion of its business model. The company is focusing on long-term revenue streams backed by proven and proprietary technology, with active negotiations for securing over 300 sites at high-traffic locations.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. ADS-TEC Energy plc published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-25-042020), on May 12, 2025, and is solely responsible for the information contained therein.

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