Fastned became a normal company with more money going in and less money going out. Now looking at the long term prospects makes sense.
from Fastned, there was one news item I had been waiting for. I knew it was coming, it was unavoidable, and it would be a huge line to cross. That item was positive cash flow that enables Fastned to start self-financing the capex on its new stations. It was only in the second quarter and it was not huge, but the moment that more money enters a company than leaves a company to keep it running is aThat this milestone was reached in the second quarter makes it extra significant.
Due to the economic disruption caused by the Russian invasion of Ukraine, the numbers in euros are less good than they would have been with stable energy prices and normal inflation.The most important measure here is the increase in GWh sold. That is the aspect least influenced by all the external factors. It more than doubled year on year. Another number to look at is costs — it increased a lot slower than gross margin.
Besides the 200 MRA now being tendered, there are another 500 MRA that are not in current plans. Together with the over 400 Tank & Rast MSA and the 200 in the current tender, there could be a tender for 1,100 fast charging locations along the German Autobahn network. It would solve nearly all charging challenges that drivers currently encounter in Germany.
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