logo
  

Allego Reports Positive Operational EBITDA In Q1; Revenue Up 221.0%

Allego N.V. (ALLG) posted a net loss of 350.9 million euros for the first quarter of 2022, compared to a loss of 54.1 million euros, a year ago. The company generated a
positive operational EBITDA of 1.5 million euros compared to a loss of 0.5 million euros.

First-quarter revenue increased by 221.0% to 30.5 million euros from 9.5 million euros, prior year. Specifically, charging revenues increased 105% year-over-year to 10.4 million euros.

Ton Louwers, CFO, said: "We have performed very well since becoming a public company. With a strong start to the second quarter of 2022, we believe we are well positioned to accelerate our growth throughout the balance of 2022."

The company said it does not plan to publish interim financial statements for the
quarter ended March 31, 2022.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Integrated energy company Chevron reported Friday that profit for the fourth quarter increased 25 percent from last year, reflecting 17 percent revenue growth amid higher realizations and higher margins on refined product sales. Adjusted earnings per share missed analysts' estimates, while quarterly revenues topped it. Reno, Nevada-based ZLINE Kitchen and Bath has expanded its recall of gas ranges citing serious risk of injury or death from carbon monoxide poisoning, the U.S. Consumer Product Safety Commission announced. The recall now includes about 30,000 units of ZLINE gas ranges, including about 28,000 units... The Food and Drug Administration's independent advisory committee unanimously recommended replacing the current original COVID vaccines used in the U.S. for primary shots with new bivalent omicron shots authorized as boosters, reports said. The committee also considered the proposal for annual COVID vaccination, however, didn't vote on it.
Follow RTT