Financial Data and Key Metrics Changes - Revenue for 2025 totaled EUR 145.1 million, reflecting an 11% decrease compared to the previous year, with approximately 144,000 units delivered, including 536 DC units [6][7] - Adjusted EBITDA improved by 51%, landing at a loss of EUR 29.5 million, which is more than double the improvement seen in 2024, indicating effective cost optimization efforts [7] - Gross margin improved to 38.3%, reflecting a 410 basis point increase compared to the previous year [7] Business Line Data and Key Metrics Changes - AC sales improved by 3% compared to the previous quarter but decreased by 15% year-over-year, while DC sales declined by 41% quarter-over-quarter but increased by 29% year-over-year [12][21] - The software services and others category grew by 18% compared to 2024, indicating a strong performance in this segment [5] Market Data and Key Metrics Changes - The North American market showed a 16% year-over-year growth despite a flat EV market, while the European EV market grew by 40% compared to the same period last year [5][26] - The U.S. EV market experienced a 40% year-over-year decline due to the removal of incentives and tax credits, impacting overall sales [16][17] Company Strategy and Development Direction - The company focused on operational excellence and efficient innovation, introducing new products like the Supernova PowerRing and Quasar 2, while optimizing capital and improving financial stability [4][5] - A new sales strategy was implemented to recover lost customers and acquire new ones, emphasizing a shift from a product-oriented to a customer-oriented approach [30][31] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenges faced in 2025 due to market volatility but expressed confidence in the company's improved operational efficiency and gross margin, positioning it for future growth [46] - The company expects to finalize its refinancing soon, which is anticipated to serve as a catalyst for growth and strengthen its commercial standing [9][39] Other Important Information - The company secured EUR 25 billion in new investments and reached a commercial agreement with banking partners for a new capital structure [5] - Inventory was reduced by 32% compared to the previous year, reflecting effective working capital management [44] Q&A Session Summary Question: What are the expectations for revenue in Q1 2036? - The company expects revenue to be in the range of EUR 33 million to EUR 36 million, with a gross margin between 38% and 40% and a negative Adjusted EBITDA between EUR -5 million and EUR -3 million [47]

Financial Data and Key Metrics Changes - Revenue for 2025 totaled EUR 145.1 million, reflecting an 11% decrease compared to the previous year, with approximately 144,000 units delivered [6][7] - Adjusted EBITDA improved by 51%, landing at a loss of EUR 29.5 million, which is more than double the improvement seen in 2024 [7] - Gross margin improved to 38.3%, reflecting a 410 basis point increase compared to last year [7] Business Line Data and Key Metrics Changes - AC sales improved by 3% compared to the previous quarter but were down 15% year-over-year [12] - DC sales declined significantly, down 41% quarter-over-quarter but up 29% compared to the same period last year [20][21] - Software services and other categories grew by 18% compared to 2024, generating EUR 7.2 million in Q4 [5][23] Market Data and Key Metrics Changes - North American market revenue decreased by 19% year-over-year, primarily due to a 40% decline in the US EV market [16][17] - The European EV market grew by 40% year-over-year, with significant contributions from Germany, Spain, Italy, and Portugal [26] - APAC and LATAM regions contributed minimally, with revenues of EUR 87,000 and EUR 538,000 respectively [18] Company Strategy and Development Direction - The company is focused on operational excellence and efficient innovation, with a commitment to improving its leadership team and optimizing capital [4][5] - A new sales strategy has been implemented to recover lost customers and acquire new ones, emphasizing customer service and product quality [30][31] - The company aims to leverage its product portfolio and market position to capture growth opportunities in the EV charging sector [46][47] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenges posed by the volatile EV market but expressed confidence in the company's improved operational efficiency and gross margin [46] - The completion of the refinancing process is expected to serve as a catalyst for growth, allowing the company to shift focus from stabilization to acceleration [41][46] - The company anticipates revenue for Q1 2026 to be in the range of EUR 33 million to EUR 36 million, with a gross margin between 38% and 40% [47] Other Important Information - The company secured $25 billion in new investments and reached a commercial agreement for a new capital structure [5] - Inventory was reduced by 32% compared to the same period last year, reflecting improved working capital management [44] - The company is implementing a new structure to enhance service capabilities and support for B2B customers and installers [31][32] Q&A Session Summary Question: What are the expectations for revenue growth in the upcoming quarters? - Management expects to reestablish growth through improved sales strategies and the completion of refinancing, which will enhance financial stability [46][47] Question: How is the company addressing the decline in DC sales? - The company is focusing on finalizing its refinancing and improving sales support to better serve customers interested in DC fast-charging solutions [9][22] Question: What are the key markets for future growth? - The company sees significant growth potential in the European market, particularly with new sales strategies and partnerships, while also looking to capitalize on opportunities in North America [16][27]

Financial Data and Key Metrics Changes - Revenue for 2025 totaled EUR 145.1 million, reflecting an 11% decrease compared to the previous year, with approximately 144,000 units delivered [6][10] - Adjusted EBITDA improved by 51%, landing at a loss of EUR 29.5 million, which is more than double the improvement seen in 2024 [6][14] - Gross margin improved to 38.3%, reflecting a 410 basis point increase compared to last year [6][10] Business Line Data and Key Metrics Changes - AC sales improved by 3% compared to the previous quarter but were down 15% year-over-year [11] - DC sales declined significantly, down 41% quarter-over-quarter but up 29% compared to the same period last year [20][36] - The software services and others category grew by 18% compared to 2024, generating EUR 7.2 million in Q4 [5][23] Market Data and Key Metrics Changes - North American market revenue decreased by 19% year-over-year, primarily due to a 40% decline in the US EV market [16][17] - The European EV market grew by 40% year-over-year, with significant contributions from Germany, Spain, Italy, and Portugal [26] - The overall addressable market saw 2.1 million EVs sold in Q4, an 18% increase year-over-year, but flat compared to the previous quarter [24] Company Strategy and Development Direction - The company is focused on operational excellence and efficient innovation, with a commitment to improving its leadership team and optimizing capital [4][5] - A new sales strategy has been implemented to recover lost customers and acquire new ones, emphasizing service quality and product reliability [28][30] - The company aims to finalize its capital restructuring to strengthen its financial position and support growth [40][41] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenges posed by a volatile EV market but expressed confidence in the company's improved operational efficiency and gross margin [46] - The company expects to capitalize on the growing demand for premium charging solutions as the EV transition continues [9][27] - Future guidance for Q1 2026 includes revenue expectations between EUR 33 million and EUR 36 million, with a gross margin between 38% and 40% [47] Other Important Information - The company secured $25 billion in new investments and reached a commercial agreement for a new capital structure [5] - Inventory was reduced by 32% compared to the same period last year, reflecting improved working capital management [44] - The company is implementing a new service structure to enhance support for B2B customers and installers [31][32] Q&A Session Summary Question: What are the expectations for the EV market in North America? - Management noted a significant decline in the US EV market due to the removal of incentives and tax credits, but they expect growth opportunities with new products like Quasar 2 [17][25] Question: How is the company addressing the challenges in sales? - The company is focusing on rebuilding trust with lost customers and enhancing its sales and service organization to improve customer support [28][30] Question: What is the status of the refinancing process? - Management confirmed that they are close to finalizing the refinancing, which will provide a sustainable financial framework for future growth [40][41]

Financial Data and Key Metrics Changes - Revenue for Q3 2025 was €35.5 billion, which was below expectations but represented a 2% increase year-over-year [5][31] - Gross margin improved to 39.8%, exceeding the guided range and reflecting a 200 basis point increase from the previous quarter [8][32] - Adjusted EBITDA loss for the quarter was €6.9 million, which was below the guided range but showed an 8% improvement quarter-over-quarter [11][35] - Cash costs, defined as labor costs and operating expenses excluding R&D, decreased by 34% year-over-year [9][34] Business Line Data and Key Metrics Changes - AC sales totaled €22.4 million, accounting for approximately 63% of global revenue, down 16% compared to the previous quarter and down 5% year-over-year [16] - DC sales reached €5.8 million, representing a 34% increase year-over-year and a 40% increase sequentially [18][31] - Software, services, and other categories generated €7.3 million, reflecting an 11% year-over-year increase [20][21] Market Data and Key Metrics Changes - North America contributed €11 million or 31% of total revenue, with a 1318% increase at constant FX compared to the same period last year [15] - The European market contributed €23.6 million or 66% of total revenue, reflecting a 3% increase year-over-year [13] - The Canadian market saw a 49% decline compared to the same period last year, impacting overall performance [15][28] Company Strategy and Development Direction - The company plans to reinforce its sales organization and integrate different sales teams across product segments for improved efficiency [11][39] - A new CEO has been appointed to drive expansion in strategic markets and develop scalable commercial models [11] - The focus remains on restoring revenue growth and achieving profitability through operational efficiency and strategic investments [12][39] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the complex environment characterized by volatile market demand and evolving regulations [12] - The company is well-positioned for growth with a strong brand, complete product portfolio, and efficient organizational structure [12] - Future guidance for 2025 expects revenue in the range of €36 million to €39 million and a gross margin between 38% and 40% [41] Other Important Information - The company reached a standstill agreement with its banking partners to temporarily suspend payments on its €179 million debt [36] - Inventory levels decreased by 34% year-over-year, allowing for more efficient operations [37] Q&A Session Summary Question: Market share trends in Europe - Management indicated that market share varies by product line and country, with stable or increasing shares in countries like Spain, France, and the UK, while some regions like the Netherlands and Italy saw declines [44][46] Question: Announcement regarding €179 million debt - The standstill agreement matures on December 9, and further announcements are expected before that date [48][50]