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Wallbox enters 16% less in the second quarter but increases sales in the US

Date: September 24, 2023 Time: 20:11:37

Wallbox closed the second quarter of this year with revenues of 33 million euros, 16.5% less than during the same period of 2022 and less than the 35.1 million in the second quarter of this year. This was reported by the company in a statement sent this Wednesday and collected by Europa Press.

The company has indicated that the billing has had an impact of 1.8 million due to returns and has indicated that “it continues its cost reduction plan”, with a decrease of 12.3 million euros in operating expenses. During the period, Wallbox has closed a capital increase of 56 million euros and the cash position as of June 30 was 111 million.

Increase sales in the US

The company has highlighted that sales in the United States increased 67% year-on-year and that it delivered 350 units of the Supernova charger, 700% more, and that it increased a “record” number of AC chargers delivered by distributors and installers, with 18% more than a year ago.

The CEO of the company, Enric Asunción, has highlighted the “resilience” of the business despite the challenges that the company has faced in the second quarter of the year. He has underlined that the cost restructuring program announced by the company “is allowing significant operating leverage throughout the business.”

Puck Henry
Puck Henry
Puck Henry is an editor for ePrimefeed covering all types of news.

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