ADS-TEC Energy reported a 306% revenue increase to €107.4m in FY 2023 and had its first profitable Q4, with Adjusted EBITDA at €4.

ADS-TEC Energy plc, a global leader in battery-buffered, ultra-fast charging technology, has seen a 306% increase in revenue for 2023, reaching around €107.4 million. The company's fourth-quarter revenue was approximately €50.3 million, with Adjusted EBITDA at €4.9 million. This was their first profitable quarter. ADS-TEC Energy plans to expand its European and US customer base and has set a guidance of approximately €200 million in revenues and positive EBITDA for FY 2024. The company's shares increased by 19 cents or 2.4%, to $8.09 following the announcement.

February 08, 2024
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