(CercleFinance.com) – Forsee Power reported on Wednesday a sharp acceleration in its growth in the third quarter, thanks to a fourfold increase in sales in the heavy vehicle segment.
The specialist in smart battery systems, whose products equip more than 1,200 buses and 100,000 light electric vehicles, says it generated sales up 60% to 75.9 million euros in the first nine months of the year. ‘exercise.
In a press release, the industrial group explains that it benefited from a “very strong acceleration” of its commercial dynamics in the third quarter, with activity which jumped 152% compared to the same period last year.
Forsee reports a more than fourfold increase in its turnover in the heavy vehicle segment during the quarter, combined with a ‘good’ level of activity in light vehicles (+13%).
The company further confirmed its target of 2022 annual revenue of over €100 million.
Listed on the Paris Stock Exchange, Forsee Power shares climbed 21.7% on Wednesday in the first exchanges following these announcements.