First Fastned stations break-even

Operating costs at the first two Fastned stations were covered in March

Amsterdam, 6 April 2017. Fastned, that is building a European network of fast charging stations, saw its first two stations break-even in March. This means that the operating expenses, such as the purchase of power, grid connection fees, licence costs, land lease, cleaning and maintenance costs were covered by the revenues generated at those stations. Fastned expects that more stations will pass the break-even point in the coming months.

The operating costs per station are limited. All 58 Fastned stations are unmanned and centrally managed from the head office. The next financial goal is to also cover these central operating expenses. Since these costs remain relatively stable when new stations are added to the network, the costs per station will decrease when new stations are added to the network. The final step to profitability of the company is also to cover depreciation and finance costs.

The Fastned stations are prepared for strong growth of the number of electric cars. The capacity can easily be expanded by adding more and faster chargers to each station. The low operating costs and big capacity result in significant earning potential of each station.

Bart Lubbers, co-founder Fastned: “After five years of investing it’s great to see the first stations break-even. This is a real milestone. It is a compliment to the whole Fastned team and the 1,600 people that have invested in Fastned at an early stage. Revenues are growing at all stations, supported by the mega-trend of increasing number of electric cars.”

Next week Fastned will publish the results over the first quarter of 2017.

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Note for the editor (not for publication):

For more information go to www.fastned.nl. In the presskit you will find logo’s, pictures and graphics. See the newsroom for news articles about Fastned.

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Über Fastned.DE

Fastned entwickelt ein europäisches Ladenetzwerk von Schnellladestationen, an denen alle Elektroautos so schnell wie möglich aufgeladen werden können. Die Stationen befinden sich an verkehrsreichen Orten entlang der Autobahnen und in Städten. Das ermöglicht es den Fahrerinnen und Fahrern, mit ihren Elektroautos durch ganz Europa zu reisen. Fastned betreibt derzeit 88 Ladestationen in den Niederlanden und in Deutschland und arbeitet daran, das Netzwerk auf ganz Europa ausweiten. Fastned baut zurzeit Schnellladestationen in den Niederlanden, Deutschland und Großbritannien und bereitet die Expansion in Belgien und der Schweiz vor.

Fastned.de