ADS-TEC Energy PLC Reports Strong Financial Performance for 2024
Financial Highlights and Business Update
ADS-TEC Energy Public Limited Company, a leader in battery-buffered charging solutions, has announced its audited financial results for the full year 2024. The company, which operates in the Industrials sector and is listed on the Nasdaq, reported a revenue of €110.0 million for FY 2024, marking a 2.5% increase from €107.4 million in FY 2023. This growth reflects the company’s expanding presence in the global market for energy storage and fast-charging systems.
The financial results show a significant turnaround in profitability. Gross profit for the year was €19.4 million, representing a 17.7% gross margin. This is a notable improvement from the previous year’s gross loss of €-2.9 million. The company’s adjusted EBITDA (non-IFRS) also saw a substantial recovery, reaching €2.2 million, compared to a loss of €-38.1 million in 2023. Operating loss was reported at €-8.6 million, a significant reduction from the €-44.5 million loss in the prior year.
ADS-TEC Energy’s cash and cash equivalents stood at €22.9 million as of December 31, 2024, indicating a strong liquidity position. The company’s customer base expanded by over 200%, showcasing robust demand for its innovative energy solutions.
Market Position and Outlook
With a market capitalization of approximately $697.8 million and a close price of $13.29 on May 8, 2025, ADS-TEC Energy continues to strengthen its market position. The company’s performance in 2024 highlights its resilience and ability to adapt to market demands, positioning it well for future growth.
For more information on ADS-TEC Energy’s offerings and initiatives, visit their website at www.adstec-energy.com or follow their updates on the Nasdaq stock exchange.