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Podpoint - Owned estate capex of £50m in each of the next two years

March 2022

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • PODP
  • Price:
  • 170.5p
Podpoint is the UK’s largest EV charging operator and maiden results show it widening the gap between it and its nearest rival. The 54.9k charge points installed in FY21 represented 18% of all UK plug-in vehicle sales, up from 16% the year before. Podpoint also installed or sold a further 11k destination charge points. This gave rise to sales up 86% to £61.4m. In addition, total percentage gross margin in 2021 increased to 27% with Podpoint delivering a positive EBITDA of £58k. The home charging side doubled sales to £40.1m. It continues to pick up new customers helped by direct referrals from car manufacturers including Fiat, Jaguar Land Rover, Mercedes and Nissan who refer Podpoint as part of the car sales process (ranging from ...

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