Wallbox N.V. ( (WBX) ) has released its Q4 earnings. Here is a breakdown of the information Wallbox N.V. presented to its investors.
Wallbox N.V. is a global technology company specializing in electric vehicle charging and energy management solutions, with a focus on enhancing energy consumption efficiency and sustainability across residential, semi-public, and public sectors worldwide.
In its latest earnings report, Wallbox N.V. announced a revenue of €37.4 million for the fourth quarter of 2024, marking an 8% increase from the previous quarter. The company also highlighted significant growth in the North American market, achieving a 64% year-over-year increase in this region.
Key financial metrics from the full year 2024 include a total revenue of €163.9 million, reflecting a 14% growth compared to the previous year. Wallbox also reported a 41% revenue growth in North America and a 21% improvement in adjusted EBITDA year-over-year. The company successfully reduced labor costs and operating expenses by 11% and raised approximately $45 million through equity transactions.
Looking ahead, Wallbox’s management remains optimistic about the company’s potential for sustained growth despite the challenges posed by the EV market slowdown. The company plans to focus on cost discipline, innovation, and delivering industry-leading solutions to navigate the volatile market landscape and capitalize on emerging opportunities.