We continue to perform exceptionally well. The demand for EVs around the world appears to be at an inflection point, and a critical mass of shoppers are now considering leaving traditional vehicles behind as governments around the world incentivise the adoption of green transportation. While the long-term trends all point to continued growth, EV manufacturing capacity continues to be in focus. Gaining market share is a key objective at Wallbox, and doing so successfully in an environment where EV manufacturing capacity and deliveries lag consumer demand we see as a testament to our business model and solid execution by the team.”
Financial Outlook—Third Quarter and Full Year 2022
The following reflects the company’s expectations for select key financial metrics for the third quarter of 2022.
| • | Expects third quarter 2022 revenue to be in the range of €44 and €49 million, representing an approximate quarterly year-over-year growth rate between 140% and 170% |
| • | Expects gross margin of approximately 40% |
Full year 2022
| • | Expects full-year 2022 revenue in the range of €175 and €195 million, representing an approximate annual year-over-year growth rate of between 145% and 170% |
Conference Call Information
Wallbox NV will host a conference call to discuss the results and provide a business update at 8:00 AM Eastern Time today, August 10, 2022. The live audio webcast and presentation, along with supplemental information, will be accessible on Wallbox’s Investor Relations website at https://investors.wallbox.com/overview/default.aspx. A recording of the webcast will also be available following the conference call.
Wallbox Forward Looking Statements
This press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including, without limitation, statements regarding Wallbox’s future financial results management expectations, and new capabilities as a result of its recent acquisitions and partnerships. In some cases, you can identify forward-looking statements by terminology such as “anticipate,” “believe,” “may,” “can,” “should,” “could,” “might,” “plan,” “possible,” “project,” “strive,” “budget,” “forecast,” “expect,” “intend,” “will,” “estimate,” “predict,” “potential,” “continue” or the negatives of these terms or variations of them or similar terminology, but the absence of these words does not mean that statement is not forward-looking. Such forward-looking statements are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from those expressed or implied by such forward looking statements. In addition, any statements or information that refer to expectations, beliefs, plans, projections, objectives, performance or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking.
