Mainly regarding sales, for example, for housing companies or larger firms, Zaptec PRO will be introduced!
And the price isn’t at Lada-level anymore!
Zaptec GO, on the other hand, is more for detached houses, where suddenly a cheap price and easy usability are the criteria for making a purchase decision!
Should definitely go through all competitors and make a proper comparison!
True this. I don’t give weight to such a test, but the device is still among the best on the market. And the margins are good.
YTD +33% and four days to the report. I’ve been heavily accumulating shares at 9-13 NOK. Let’s see how it goes. My own estimate is that Zaptec will do well this year and next, and 2-3X the current price is not at all out of the question.
Q4, the wind has turned.
Compared to Marketscreener’s forecasts, revenue slightly below and operating profit above?
Forecasts Q4/2024:
"Prior to Zaptec’s report (February 19), investors in Pinpoint Estimates expect revenue and earnings within the following weighted ranges:
Sales revenue: 315.9 - 347.6 MNOK
EBIT: 5.95 - 11.39 MNOK
The data is based on estimates from 8 investors"
Actual Q4/2024
Revenue: 327M NOK
EBITDA: 19M NOK
From the investor presentation by Kurt (CEO):
“Let me be crystal clear - 2025 will be all time high and a record year for Zaptec”
Nothing to add.
Operating profit (EBIT) also met expectations at 8.4 MNOK. Hopefully, the strong outlook will boost the share price, even though revenue and operating profit landed in the middle of their ranges.
Pinpoint had only 8 estimates for the results, which I think is a small sample size and doesn’t necessarily reflect market expectations, even though they hit the mark quite well. Pareto, with a target price of 12 SEK, expected 13 million EBITDA, which was comfortably exceeded.
You never know with the stock market, but I don’t see a reason for a big negative reaction. The pieces are in place for the next year.
Edit: Direct quote from the webcast regarding the German market: “We have a very solid order backlog and sales for q1 so far, we actually have more sales so far this year than in 24 in total”
True, @viljo! I was wondering what I misunderstood here, because it sounded too good to be true. There was also a similar comment from the UK: the minimum target for this year is 100% revenue growth. Sales outside the Nordics have probably been modest so far compared to the overall picture.
That quote was about German sales! Not all sales? Additionally, Germany probably hasn’t been the main market, so what could the 2024 sales have been there then?
Thanks for the clarification! That must be it, the discussion was only about the German market, and there was only 7 MNOK in sales there in 2024. I thought it was a comparison between the first quarters, and it didn’t become clear even after listening a second time 
. It certainly doesn’t sound bad that the same amount of sales is now being made almost on a monthly basis.
Country-specific sales from last year can be found on page 22 of the report:
The core of the investment is these large, newly opening markets like Germany and the UK. Triple-digit growth percentages there are already somewhat visible in the overall picture.
Of course, we are only halfway through Q1, but perhaps one cannot yet draw too big conclusions from that, and someone there might have ordered a larger batch for sale, but they don’t necessarily order the same kind every quarter.
Quite nice turnover today!
35 million crowns already so far.
The stock has come down -20% YTD from its peak of 16 NOK to current price levels without any news. Could it be that those who bought at 9-11 NOK have taken profits? In my opinion, it’s a rather excellent buying opportunity, and I was hoping the prices would pull back significantly below 20 NOK. The CEO’s very bullish comments from a good couple of weeks ago are still very much on my mind.
I guess Zaptec has gotten something out of this!
And I don’t believe Polestar’s popularity is fading.
(Google translation)
Sandnes, Norway, May 7, 2025: Zaptec is pleased to report its first quarter 2025 financial results, which show continuous improvements in key performance indicators. The company has demonstrated significant growth in order intake, revenue, EBITDA, and liquidity compared to the corresponding period last year. “The beginning of 2025 has been strong, and our future revenue visibility has improved with an even more stable order backlog,” says Kurt Østrem, CEO of Zaptec. “The electric car market recovery is underway, and we are increasing production and deliveries of our new products, which are targeted at key European markets. In summary, this means we remain confident in the future and have positive prospects for profitable growth.” Q1 highlights: • Revenue 347 MNOK • Order intake 366 MNOK • Order backlog 507 MNOK • Gross margin 39% • EBITDA 120 MNOK • Operating profit 14 MNOK A video presentation of the first quarter financial results is available at
The stock reaction was good, from -7% or so at the earnings report opening, it eventually ended up well in the black. Too bad I missed it.
Q1 is Zaptec’s weakest quarter, and they already hit 14M NOK EBITDA. Q1 also practically completely lacks Zaptec Go 2 sales. A few devices were delivered at the end of March. Go 2 will have even larger margins than Go 1 and Pro. German sales were probably around 4M NOK, which is still very small. German development must definitely be monitored. Overall, it looks very bullish, and this is significantly overweight for me. I’m even considering going all-in.
Charging point company Zaptec strengthens its position as the market leader for household charging points in Sweden. According to new statistics from the Swedish Tax Agency, in the first quarter of 2025, the company was responsible for 78 percent of all charging point installations made with the support of the state’s green technology deduction.
A total of over 15,000 charging points were installed with the support of the green deduction between January 1 and March 31, 2025, making Zaptec currently the most installed charging point brand in Sweden.
– The fact that we are now the market leader shows that Swedish households and property owners prioritize safe technology and sustainable solutions. With this trust, we are now entering the next phase of electrification, says John Wastring, CEO of Zaptec Sweden.
Sounds good👍
Looks good!
