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olivLaw · European equity research

Fastned B.V. FAST.AS

Netherlands · Euronext Amsterdam · Vertical: Listed companies from Netherlands

33.20EUR+1.84% · 1 dayClose 03 Nov 2026

Fastned B.V. designs, builds and operates fast-charging stations for electric cars across Europe. In fiscal 2025 total revenues reached 139.2 million EUR, while charging revenue grew 47%, supported by rising electric vehicle sales and an accelerated pace of station openings.

At the close of 03 Nov 2026, Fastned B.V. (FAST.AS) stock was 33.20 EUR (+1.84% on the day), with market capitalisation 647.4 m EUR, beta 0.78, 52-week range 19.98–47.20 EUR.

Data as of · AI analysis dated · Source: ESEF annual reports and closing prices, computed by olivLaw.

Market cap
647.4 m EUR
shares as of 31 Dec 2025
P/E (TTM)
unavailable
Diluted EPS TTM -1.55 · TTM to 31 Dec 2025
E/P (TTM)
-4.67%
TTM to 31 Dec 2025
Dividend yield
unavailable
Beta (2y)
0.78
Volatility (1y) 40%
52-week range
19.9847.20

Price history

Loading chart…

Technical reading

RSI (14)
32.0
weak (30–45)
Bollinger (20, 2)
28.20 – 45.19
in the lower half of the band · %B 0.29 · band width 46.3%
SMA 50 / 200
39.75 / 30.84
mixed trend
MACD (12, 26, 9)
-2.39 / -2.08
MACD below signal

Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).

Performance

CompanyEURO STOXX 50vs EURO STOXX 50Vertical median
1 month−27.9%−1.0%−26.9 pp—
3 months+4.4%−3.9%+8.3 pp—
6 months+15.9%+7.2%+8.7 pp—
Year to date+62.7%+6.6%+56.2 pp—
1 year+55.5%+9.1%+46.4 pp−0.8%
3 years+22.5%+47.9%−25.4 pp+0.5%
5 years−36.6%+43.3%−80.0 pp—
Max drawdown (1y)
−30.9%
29 Sept 2026 → 02 Nov 2026
Max drawdown (5y)
−73.0%
08 Nov 2021 → 28 Aug 2024
Compound annual growth (5y)
−8.7%
EURO STOXX 50 +7.5%

Price returns, dividends excluded.

Quarterly results

ESEF annual reports carry no quarters: the results are annual (below).

E/P over time

E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.

Fiscal years

Fiscal year202320242025
Revenue60.5 m83.8 m139.2 m
Revenue YoYunavailable+38.4%+66.1%
Net income-19.3 m-26.6 m-30.2 m
Net income YoYunavailableunavailableunavailable
Diluted EPS-1.00-1.38-1.55
Diluted EPS YoYunavailableunavailableunavailable
net %-31.8%-31.8%-21.7%
Free cash flow-70.0 m-75.7 munavailable

Balance sheet & financial health

Fiscal year 2025 · 31 Dec 2025

Cash
69.9 m EUR
Financial debt
282.7 m EUR
Net debt
212.8 m EUR
Equity
91.9 m EUR
Total assets
501.8 m EUR
Debt / equity
3.08x
Current ratio
2.74x
ROE
-28.2%
ROA
-6.5%
FCF margin
unavailable

Financial statements (source on every figure)

Revenue and net income (EUR)

Margins

Income statement · EUR

Revenue
2023
60.5 m
2024
83.8 m
2025
139.2 m

esef· 24 Mar 2026verified

Cost of revenue
2023
15.6 m
2024
15.2 m
2025
36.3 m

esef· 24 Mar 2026verified

Gross profit
2023
44.9 m
2024
68.6 m
2025
102.8 m

esef· 24 Mar 2026verified

Operating income
2023
-12.1 m
2024
-16.1 m
2025
-13.6 m

esef· 24 Mar 2026verified

Interest expense
2023
9.6 m
2024
15.0 m
2025
18.4 m

esef· 24 Mar 2026verified

Pre-tax income
2023
-18.9 m
2024
-27.0 m
2025
-30.2 m

esef· 24 Mar 2026verified

Income tax
2023
364.0 k
2024
-359.0 k
2025
5.0 k

esef· 24 Mar 2026verified

Net income
2023
-19.3 m
2024
-26.6 m
2025
-30.2 m

esef· 24 Mar 2026verified

Diluted EPS
2023
-1.00
2024
-1.38
2025
-1.55

esef· 24 Mar 2026verified

Balance sheet · EUR

Cash
2023
126.6 m
2024
117.4 m
2025
69.9 m

esef· 24 Mar 2026verified

Receivables
2023
12.4 m
2024
16.3 m
2025
30.8 m

esef· 24 Mar 2026verified

Inventories
2023
—
2024
4.4 m
2025
9.4 m

esef· 24 Mar 2026verified

Current assets
2023
148.1 m
2024
151.5 m
2025
132.8 m

esef· 24 Mar 2026verified

Property, plant & equipment, net
2023
186.0 m
2024
235.4 m
2025
292.9 m

esef· 24 Mar 2026verified

Intangibles (excl. goodwill)
2023
2.5 m
2024
2.5 m
2025
2.6 m

esef· 24 Mar 2026verified

Total assets
2023
357.5 m
2024
426.7 m
2025
501.8 m

esef· 24 Mar 2026verified

Accounts payable
2023
15.6 m
2024
22.0 m
2025
31.3 m

esef· 24 Mar 2026verified

Long-term debt
2023
144.0 m
2024
204.5 m
2025
282.7 m

esef· 24 Mar 2026verified

Current liabilities
2023
34.7 m
2024
47.3 m
2025
48.4 m

esef· 24 Mar 2026verified

Total liabilities
2023
211.4 m
2024
304.0 m
2025
409.8 m

esef· 24 Mar 2026verified

Equity
2023
146.2 m
2024
122.7 m
2025
91.9 m

esef· 24 Mar 2026verified

Shares outstanding at year end
2023
19.3 m
2024
19.3 m
2025
19.5 m

esef· 24 Mar 2026derived

Cash flow · EUR

Operating cash flow
2023
-3.1 m
2024
-7.6 m
2025
-20.4 m

esef· 24 Mar 2026verified

Capex
2023
66.8 m
2024
68.0 m
2025
—

esef· 15 Apr 2025verified

Free cash flow
2023
-70.0 m ≈
2024
-75.7 m ≈
2025
—

esef· 15 Apr 2025derived

Investing cash flow
2023
-66.8 m
2024
-68.0 m
2025
-86.3 m

esef· 24 Mar 2026verified

Financing cash flow
2023
47.1 m
2024
67.0 m
2025
59.3 m

esef· 24 Mar 2026verified

Computed indicators

Growth

Revenue growth (YoY)
66.1%
computed by olivLawFY 2025
Revenue CAGR 3Y
unavailable
input data missing
Revenue CAGR 5Y
unavailable
input data missing
EBIT growth (YoY)
unavailable
the base of the ratio is not positive
Net income growth (YoY)
unavailable
the base of the ratio is not positive
Net income CAGR 3Y
unavailable
input data missing
Net income CAGR 5Y
unavailable
input data missing
EPS growth (YoY)
unavailable
the base of the ratio is not positive
EPS CAGR 3Y
unavailable
input data missing
EPS CAGR 5Y
unavailable
input data missing
FCF growth (YoY)
unavailable
input data missing

Profitability

Gross margin
73.9%
computed by olivLawFY 2025
EBITDA margin
unavailable
input data missing
EBIT margin
-9.8%
computed by olivLawFY 2025
Net margin
-21.7%
computed by olivLawFY 2025
FCF margin
-63.6%
computed by olivLawFY 2025

Returns

ROE
-28.2%
computed by olivLawFY 2025 · balance sheet at 31 Dec 2025
ROA
-6.5%
computed by olivLawFY 2025 · balance sheet at 31 Dec 2025
ROIC
-4.4%
computed by olivLawFY 2025 · balance sheet at 31 Dec 2025
ROCE
-3.0%
computed by olivLawFY 2025 · balance sheet at 31 Dec 2025
Payout ratio (EPS)
unavailable
input data missing
Payout ratio (FCF)
unavailable
input data missing

Balance sheet

Net debt
212.8 m EUR
computed by olivLawbalance sheet at 31 Dec 2025
Net debt / EBITDA
unavailable
input data missing
Debt / equity
3.1x
computed by olivLawbalance sheet at 31 Dec 2025
Interest coverage
-0.7x
computed by olivLawFY 2025

Liquidity

Current ratio
2.7x
computed by olivLawbalance sheet at 31 Dec 2025
Quick ratio
2.5x
computed by olivLawbalance sheet at 31 Dec 2025
Cash ratio
1.4x
computed by olivLawbalance sheet at 31 Dec 2025

Cash

Operating cash flow
-20.4 m EUR
computed by olivLawFY 2025
Capital expenditure
68.0 m EUR
computed by olivLawFY 2024
Free cash flow
-88.5 m EUR
computed by olivLawFY 2025
FCF conversion
unavailable
insufficient data
Cash conversion
unavailable
input data missing

Efficiency

Days sales outstanding
62 days
computed by olivLawFY 2025 · balance sheet at 31 Dec 2025
Days inventory outstanding
69 days
computed by olivLawFY 2025 · balance sheet at 31 Dec 2025
Days payables outstanding
268 days
computed by olivLawFY 2025 · balance sheet at 31 Dec 2025
Cash conversion cycle
-137 days
computed by olivLawFY 2025 · balance sheet at 31 Dec 2025

Market and valuation

Market capitalisation
647.4 m EUR
computed by olivLawbalance sheet at 31 Dec 2025
Enterprise value
860.2 m EUR
computed by olivLawbalance sheet at 31 Dec 2025
Market cap / net income TTM
unavailable
insufficient data
P/E (TTM)
unavailable
insufficient data
Earnings yield
-4.7%
computed by olivLawFY 2025
P/B
7.0x
computed by olivLawbalance sheet at 31 Dec 2025
P/S
4.7x
computed by olivLawFY 2025 · balance sheet at 31 Dec 2025
EV/EBITDA
unavailable
input data missing
EV/EBIT
unavailable
insufficient data
EV/Sales
6.2x
computed by olivLawFY 2025 · balance sheet at 31 Dec 2025
P/FCF
unavailable
the base of the ratio is not positive
FCF yield
-13.7%
computed by olivLawFY 2025 · balance sheet at 31 Dec 2025
Dividend yield
unavailable
no dividend in the structured statements; a missing line is not a confirmed zero
Shareholder yield (distributions)
unavailable
input data missing

1 indicators that do not apply to the sector.

Valuation

olivLaw classification

Insufficient data
What is missing
  • indicators available: 5 of at least 6
  • score weight coverage: 35.4% of at least 60%
  • valuation methods computed: 0 of at least 1

A scoring methodology on indicators and valuation, not investment advice.

Closing price

33.20 EUR

03 Nov 2026Source: olivLaw, closing series

Market cap: 647.4 m EUR

Key indicators

Market capitalisation
647.4 m EUR
computed by olivLawbalance sheet at 31 Dec 2025
P/E (TTM)
unavailable
insufficient data
P/B
7.0x
computed by olivLawbalance sheet at 31 Dec 2025
EV/EBITDA
unavailable
input data missing
ROE
-28.2%
computed by olivLawFY 2025 · balance sheet at 31 Dec 2025
Net margin
-21.7%
computed by olivLawFY 2025
Revenue growth (YoY)
66.1%
computed by olivLawFY 2025
Dividend yield
unavailable
no dividend in the structured statements; a missing line is not a confirmed zero

Coverage and freshness

27/37 reporting lines present
Latest full fiscal year: 2025
Latest reported period: 31 Dec 2025
Latest balance sheet date: 31 Dec 2025
Share count (cover of the latest filing), as of: 31 Dec 2025
Source: esefpublished 24 Mar 2026
verified 84derived 3

Score by group

35% · Insufficient data

Estimated value range

unavailable — no valuation method could be computed

Valuation assumptions are editorial choices, not measured; beta is not measured.

Valuation methods

  • DCF (discounted cash flow)unavailable · the base of the ratio is not positive
  • Peers: EV/EBITDAunavailable · input data missing
  • Peers: P/Eunavailable · the base of the ratio is not positive
  • Dividend discount (DDM)unavailable · the company pays no dividend: a dividend model needs an explicit initiation assumption

no valuation method could be computed

Assumptions (illustrative, editorial)

Risk-free rate
3.0%
Equity risk premium
5.5%
Beta (default)
1.00
Cost of equity
8.5%
Terminal growth
2.0%

Factor scorecard

Insufficient data

Minimum-evidence gate: indicators available: 5 of at least 6; score weight coverage: 35.4% of at least 60%; valuation methods computed: 0 of at least 1

FactorValueScoreWeight used
ROIC · Quality-4.4%15 (vs peers)29%
Net margin · Quality-21.7%8 (vs peers)18%
FCF conversion · Qualityunavailableunavailable—
Revenue CAGR 3Y · Growthunavailableunavailable—
EPS CAGR 3Y · Growthunavailableunavailable—
Net debt / EBITDA · Balance sheetunavailableunavailable—
Interest coverage · Balance sheet-0.7x0 (on a fixed band)18%
Current ratio · Balance sheet2.7x100 (on a fixed band)12%
P/E (TTM) · Valuationunavailableunavailable—
EV/EBITDA · Valuationunavailableunavailable—
FCF yield · Valuation-13.7%0 (on a fixed band)24%
Shareholder yield (distributions) · Returnsunavailableunavailable—
Payout ratio (FCF) · Returnsunavailableunavailable—

Factors without a value were dropped; the remaining weights were renormalised.

Score groups

  • Balance sheet40/100 · 2/3 factors with a value
  • Growth· partialunavailable · 0/2 factors with a value
  • Quality13/100 · 2/3 factors with a value
  • Returns· partialunavailable · 0/2 factors with a value
  • Valuation· partial0/100 · 1/3 factors with a value

A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.

Memo

Fastned B.V. (FAST.AS). Latest full fiscal year: 2025; data up to 2025-12-31.

Figures computed from the financial statements: revenue 139.2 m EUR in 2025; YoY growth 66.1%; net margin -21.7%; ROE -28.2%.

Valuation cannot be computed from the available data.

Insufficient data for a verdict (indicators available: 5 of at least 6; score weight coverage: 35.4% of at least 60%; valuation methods computed: 0 of at least 1).

Text generated deterministically from the figures shown; no language model. Not investment advice.

What supports the thesis

  • Current ratio: 2.7x

What contradicts it

  • ROIC: -4.4%
  • Net margin: -21.7%
  • Interest coverage: -0.7x
  • FCF yield: -13.7%

Not assessed (insufficient data or a ratio without meaning): FCF conversion, Revenue CAGR 3Y, EPS CAGR 3Y, Net debt / EBITDA, P/E (TTM), EV/EBITDA, Shareholder yield (distributions), Payout ratio (FCF).

Versus the vertical median

Listed companies from Netherlands · same country · compared with 39 companies

Multiples and returns vs the median

P/E
—
vertical median 18.4x
EV/EBITDA
—
vertical median 9.9x
P/S
4.7x
vertical median 0.8x
above median (+506.8%)
P/B
7.0x
vertical median 2.0x
above median (+246.8%)
ROE
-28.2%
vertical median 5.9%
below median (−581.1%)
Net margin
-21.7%
vertical median 2.3%
below median (−1,036.3%)
EBIT margin
-9.8%
vertical median 4.4%
below median (−322.9%)
Revenue YoY
66.1%
vertical median 2.9%
above median (+2,147.6%)
Net debt/EBITDA
—
vertical median 0.1x
Dividend yield
—
vertical median 2.6%

Price rebased to 100 (monthly, 5 years)

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DSFIR.ASDSM-Firmenich AG31.5 bn112.41.2%2.2%+20.4%+49% / +22%
AD.ASKoninklijke Ahold Delhaize N.V.29.0 bn12.915.3%2.5%+3.4%−10% / +21%
ADYEN.ASAdyen N.V.26.1 bn24.622.3%40.1%+18.9%−38% / −23%
HAL.ASHAL Trust15.3 bn9.610.5%12.8%+1.2%+21% / +46%
EXO.ASExor N.V.15.0 bn—-10.6%—−100.0%+1% / −18%
BESI.ASBE Semiconductor Industries N.V.12.4 bn94.028.7%22.3%−2.7%+20% / +22%
AKZA.ASAkzo Nobel N.V.10.5 bn16.613.8%6.3%−5.2%+9% / −13%
AALB.ASAalberts N.V.4.7 bn26.17.2%5.7%−5.3%+53% / +17%
ARCAD.ASArcadis N.V.4.2 bn20.218.3%4.3%−2.4%+23% / +2%
BNJ.ASBanijay Group N.V.3.4 bn13.7343.8%5.1%+1.6%−12% / −8%
BAMNB.ASKoninklijke BAM Groep N.V.3.4 bn42.49.1%1.3%+2.9%+49% / +407%
BFIT.ASBasic-Fit N.V.2.0 bn136.83.6%1.0%+16.9%+6% / +15%
HAVAS.ASHavas N.V.1.8 bn9.410.2%6.5%+1.7%+23% / unavailable
CRBN.ASCorbion N.V.1.6 bn8.327.3%14.9%+1.9%+39% / +55%
ECMPA.ASEurocommercial Properties N.V.1.4 bn11.05.9%45.4%+4.2%−6% / +17%
FUR.ASFugro N.V.940.4 m—-1.5%-1.1%−18.8%−5% / −51%
ACOMO.ASAcomo N.V.677.0 m15.010.7%3.3%+7.6%−4% / +35%
FAST.ASFastned B.V.647.4 m—-28.2%-21.7%+66.1%+56% / +22%
FFARM.ASForFarmers N.V.502.6 m10.114.5%1.6%+14.8%+28% / +134%
BRNL.ASBrunel International N.V.380.6 m124.71.0%0.3%−10.8%−7% / −30%
ALFEN.ASAlfen N.V.227.0 m—-0.1%-0.0%−10.7%−1% / −77%
ENVI.ASEnvipco Holding N.V.220.8 m—-12.7%-11.9%−20.8%−26% / +45%
CMCOM.ASCM.com N.V.192.5 m—-22.2%-1.5%−5.4%+23% / −30%

1- and 3-year price returns: for FAST.AS from daily closes (the same as the performance table), for the other companies from month-end closes.

olivLaw engine forecast

The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.

The engine has no published run for this company yet.

Valuation scenarios (editable assumptions)

Illustrative scenarios

Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.

Bear
Allowed range: -50 … 50%
Allowed range: -100 … 100%
Allowed range: 0 … 100
Allowed range: -10 … 20%
Allowed range: 0 … 100%
Base
Allowed range: -50 … 50%
Allowed range: -100 … 100%
Allowed range: 0 … 100
Allowed range: -10 … 20%
Allowed range: 0 … 100%
Bull
Allowed range: -50 … 50%
Allowed range: -100 … 100%
Allowed range: 0 … 100
Allowed range: -10 … 20%
Allowed range: 0 … 100%
Nothing is saved.

Estimated price (EUR)

Estimated priceBearBaseBull
1 years
insufficient data
Total return unavailable · Per year unavailable
insufficient data
Total return unavailable · Per year unavailable
insufficient data
Total return unavailable · Per year unavailable
3 years
insufficient data
Total return unavailable · Per year unavailable
insufficient data
Total return unavailable · Per year unavailable
insufficient data
Total return unavailable · Per year unavailable
5 years
insufficient data
Total return unavailable · Per year unavailable
insufficient data
Total return unavailable · Per year unavailable
insufficient data
Total return unavailable · Per year unavailable
What moves the 3-year price the most

    AI analysis

    AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.

    In brief

    Fastned B.V. designs, builds and operates fast-charging stations for electric cars across Europe. In fiscal 2025 total revenues reached 139.2 million EUR, while charging revenue grew 47%, supported by rising electric vehicle sales and an accelerated pace of station openings 1.

    SWOT

    Strengths

    • A growing network and an established position in several European countries, with rising revenue per station and volumes 1.
    • The combined station-and-shop model aims at prime locations and recurring customers 1.
    • Liquidity available at the end of fiscal 2025 and access to bond financing 1.

    Weaknesses

    • Net losses and a still modest underlying EBITDA relative to the scale of investment 1.
    • Rising network and operating costs that weigh on charging margins 1.
    • Negative operating cash flow and reliance on external funding for expansion 1.

    Opportunities

    • Growth in electric vehicles could support demand for new stations and higher volumes 1.
    • Contracts with public authorities, such as the German highway work, could open additional construction revenue 1.
    • Expansion to new sites on main routes could raise network utilisation 1.

    Threats

    • Rising competition and crowded tenders could reduce access to prime sites 1.
    • Grid capacity limits and complex permitting could delay projects 1.
    • Cable theft and charge card fraud increase operational and security risks 1.

    Risks

    • Network developmenthigh

      Grid capacity limits, competition and complex permitting could slow station openings. The company rates this risk higher than in the prior year 1.

    • Market competitionmedium

      New entrants and price pressure could reduce margins and access to attractive sites 1.

    • Fraud and physical securitymedium

      Rising cable theft and card fraud could generate losses and extra protection costs 1.

    • Contractual and third-party liabilitiesmedium

      International expansion could increase exposure to complex contracts and supplier risks 1.

    • Funding and liquiditymedium

      Net losses and large investment needs could make the company dependent on access to bond financing 1.

    Investment thesis

    What would need to be true (bull case)

    • If electric vehicle adoption continues, revenue per station and volumes could keep rising, and operating margins could improve as the network matures 1.
    • Public-authority contracts and station construction could add revenue and strengthen the company's position in some countries 1.
    • Liquidity at the end of fiscal 2025 could support rapid network expansion in the short term 1.

    What would break the thesis

    • Net losses and modest underlying EBITDA show that costly expansion has not yet produced durable profitability 1.
    • Grid constraints and rising competition could slow station openings and add pressure on prices 1.
    • Reliance on external funding and negative operating cash flow could leave the company exposed if market conditions tighten 1.

    What to watch

    • Trend in gross margin on charging and network costsQ1 2027
    • Pace of new station openings and growth in charging sessions2027
    • Bond financing terms and the level of liquidity2027

    Products, market & competition

    AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.

    The business

    The company's statutory mission is to give freedom to electric drivers and accelerate the energy transition. Fastned designs, builds and operates fast-charging stations across several European countries, activities it classes as infrastructure for low carbon land transport 1. Charging-related revenue was 122.4 million EUR in fiscal 2025, while total revenue also included station construction for the German highway authority 1.

    The business model combines electricity sales with a station-and-shop concept aimed at prime locations and recurring revenue. Annual revenue per station rose 27% in fiscal 2025 and annual volume per station rose 13% 1. Network operation and expansion costs remain significant, and underlying company EBITDA is still small 1.

    Expansion is funded through bonds and existing cash. Fastned issued three bond issues in 2025 and ended the year with liquidity that, according to the company, ensures funding for network growth in the short term 1.

    Segments

    Charging

    The charging segment generated most of the operating revenue. Gross profit related to charging rose 41%, while the gross margin eased slightly from the prior year, mainly because of higher network costs 1.

    Station construction

    Total revenue was supported by construction for the German highway authority under service concession arrangements. This segment lifted EBITDA in fiscal 2025 but is less recurring than charging 1.

    Market context

    The European fast-charging market grows with the number of electric vehicles. According to the company, electric vehicle fleet penetration in its markets reached 5.7% in fiscal 2025, up 22% on the prior year 1.

    Network utilisation held at 13.2% as the number of chargers grew faster than the electric fleet. The company points to grid capacity constraints and permitting processes as factors that slow its development 1.

    Trends

    • Growth in electric vehiclestailwind

      A rising number of electric vehicles generates demand for fast charging and supports revenue per station. If adoption slows, this tailwind could weaken 1.

    • Grid capacity constraintsheadwind

      Limited grid capacity and higher grid fees raise operating costs and delay station openings. The company rates network development risk higher than in 2024 1.

    • Intensifying competitionheadwind

      More players entering public fast charging could pressure prices and access to prime sites. The company flags this trend as increasing 1.

    • Public infrastructure supportmixed

      Regulation and public-authority agreements, such as the German highway contracts, can open construction and concession opportunities. The effect depends on how these programmes are implemented 1.

    Competitive position

    Fastned operates in a sector where competition is rising through new entrants and expansion by existing operators. The company cites more crowded tenders, better-capitalised competitors and consolidation in parts of the value chain 1. Its strategy relies on prime locations, operational excellence and its own station and shop concept 1.

    Differentiation depends on securing good sites and keeping prices competitive for both B2B and B2C customers. If price pressure grows, margins could be affected 1.

    • European fast-charging operators

      Companies competing for sites and customers in the same European countries, as flagged in the company's competition risk 1.

    • New market entrants

      New investors and operators extending charging networks, increasing the offer available to the same customers 1.

    • Better-capitalised operators

      Competitors with greater financial resources who can take part in more expensive site tenders 1.

    • Consolidating value-chain players

      Companies widening their position through acquisitions or partnerships, which narrows room for smaller operators 1.

    News & filings

    In the press

    No news in our archive over the last 180 days.

    Annual reports (ESEF)

    Sources

    1. [1] Annual report, fiscal year ended 2025-12-31 (ESEF) · SEC / Fastned B.V. · 31 Dec 2025

    Figures computed by olivLaw from ESEF annual reports and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.