Fastned Grows Too Fast HEAD TOPICS

Fastned Grows Too Fast

10/21/2022 5:02:00 PM

Fastned Grows Too Fast

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CleanTechnica

Fastned Grows Too Fast (Readers be warned, this article contains some 'tongue in cheek' lines) Last Tuesday, Oct. the 11th, Fastned published its 3rd quarter results. The slides are here, and the webcast is available for replay here. As . As preparation, I visited some investor advice sites.That was probably a stupid thing to do. They did not really know what kind of company Fastned was. Based on some modest growth projections from analysts (too conservative in my eyes), the conclusion was that to realize those projections, a CAGR of between 90% and 100% was needed, something completely impossible as every investor knows. When looking at the results over the first 3 quarters in euros, the growth was easy to dismiss while pointing at inflation and exploding energy prices. Oh, and we did also still have some headwinds from Covid-19 last year. The growth from €7,571,000 to €22,688,000 was just a fluke. Who growths at 200%? No right-minded analysts expects the 2021 revenue of €12,471K to triple to over €37,500K. Never mind that that is what the spreadsheet of this non-analyst is predicting. Read more:
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