Record North American Revenue Growth
North America contributed €11.4 million or 30% of the total revenue, representing a 142% year-over-year growth compared to the first quarter of 2024.
Improved Gross Margin
Gross margin was 38.1% in the first quarter, reflecting a 634 basis point improvement compared to last quarter.
Reduction in Labor Costs and Operating Expenses
Labor costs and operating expenses decreased by 13% quarter-over-quarter and 23% compared to the same period last year.
Adjusted EBITDA Improvement
The first quarter 2025 adjusted EBITDA was minus €7.8 million, showing a 42% improvement compared to last year.
Certification and Product Expansion
Achieved CTEP and NTEP certifications, expanding fast charging EV solutions in North America.
Strong Performance in Software and Services
Software and services generated €8 million in revenue, a 60% increase compared to last year.