Allego(US:ALLG)2022-08-22 11:50Financial Highlights - Revenue reached €50.7 million, a 148% year-over-year increase[21,51] - Total energy sold amounted to 71.8 GWh, representing a 105.2% increase[21,42] - The average utilization rate nearly doubled to 8.3%[21,43] - Net loss was €(246.6) million, compared to €(143.8) million in the first half of 2021[21] - Operational EBITDA showed improvement with a loss of €(1.5) million, compared to a loss of €(3.8) million in the first half of 2021[21] Operational Achievements - Acquired MOMA, an R&D technological platform, to enhance technological capabilities[22,23] - Exercised the option on Mega-E, adding over 100 sites and nearly 770 charge ports[22,27] - Expanded strategic partnership with ATU to equip an additional 400 ATU branch locations with e-charging stations[22] - Partnered with G&V Energy Group to install ultra-fast electric vehicle charging stations at 100 G&V fuel stations across Belgium[22] - Increased the backlog of fast-and-ultra-fast chargers to 1,100 sites, compared to 500 in the previous year[22,35] Strategic Focus and Market Position - Allego is focused on fast and ultra-fast chargers, enhancing its strategic position in the European EV charging market[25,27] - The company has secured sites backlog totaling 1,100 compared to 500 as of June 30, 2021[35] - Allego's network handled over 4.4 million total charging sessions in 1H22 through its EV Cloud platform, a 74% year-over-year increase[44]