Forsee Power: positive EBITDA for the first half of the year

(CercleFinance.com) - Forsee Power reports net income for the first half of 2024 at -3 million euros, compared with -16 million a year earlier, with positive adjusted EBITDA at +0.
8 million compared with -3.8 million in the first half of 2023.

The supplier of intelligent battery systems for sustainable electromobility reported sales of 84.4 million euros, up 7% with 'diversification of the customer portfolio in target markets and geographies'.

Due to the postponement of certain orders, it is adjusting its annual sales target to between 150 and 160 million euros, but is maintaining its target of breakeven adjusted EBITDA for the full year 2024.

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