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A pivotal first half of 2024 for the future of DBT

Stock price chart of DBT (EPA:ALDBT) showing fluctuations.

The DBT group, European expert in electric mobility, announced a half-year turnover of 5.3 million euros, down 8% compared to the previous year. This drop is explained by a temporary lack of financing before a capital increase of 8 million euros in March 2024.

Despite this slowdown, DBT's R3 branch saw its turnover increase by 179%, reaching 0.5 million euros. This sector has opened 10 new sites since the start of the year, contributing to recurring revenues through the sale of electricity.

The DBT CEV division recorded revenue of €4.3 million, down 12%, and the DBT Engineering business fell 24%. This decline is linked to insufficient financing before the capital increase.

For the second half, DBT expects growth to resume, with more than 40 new R3 stations opening by the end of the year. The order book stands at a solid level of 4.5 million euros.

R. P.

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