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Northvolt
Northvolt (NV) investor relations material
Northvolt has been private
Northvolt Q4 2023 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2023 earnings summary2 Jul, 2024
Executive summary
Achieved $128 million in revenue in 2023, up from $107 million in 2022, with significant investments in production ramp-up and R&D.
Secured $7 billion in additional financing, bringing total funding to $15 billion, and maintained an order book exceeding $50 billion.
Expanded workforce to 5,860 employees from 116 countries, surpassing 5,000 employees mid-year.
Launched new sodium-ion battery technology and announced Northvolt Six gigafactory in Canada, marking the largest private investment in Quebec.
Maintained industry-leading ESG ratings and signed the largest green loan in European history.
Financial highlights
Revenue increased to $128 million in 2023 from $107 million in 2022.
Adjusted EBITDA loss widened to -$569 million from -$276 million year-over-year.
Adjusted EBIT loss was -$662 million, compared to -$322 million in 2022.
CapEx investment reached $1.8 billion, up from $1.4 billion in 2022.
Cash and cash equivalents stood at $2.1 billion at year-end.
Outlook and guidance
Focus on expanding large-scale production at Northvolt Ett and further ramp-up of gigafactory capacity.
Targeting 150 GWh installed cell manufacturing capacity and 25% market share in Europe by 2030.
Continued heavy investment phase expected, with ongoing expansion in Europe and North America.
Path to 10kg CO2e/kWh cell footprint by 2030?
Timeline for profitability given current losses?
Global expansion's regulatory alignment strategy?
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Leroy DaleyApp Store
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@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
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