Allegro Group (ALLG) Exceeds Revenue and Operational EBITDA Targets for 2021
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Allego, a Leading Pan-European Public EV Fast Charging Network, Exceeds Revenue and Operational EBITDA Targets for 2021; First Quarter of 2022 Operating Dynamics Remain Robust
May 16, 2022 8:00 AM EDT2021 reported revenues increased 95% to 86.3 million, as the number of charging sessions increased 65% over the prior year amidst Allegos broad geographic footprint. Allegos network delivered 83GWh of clean, 100% renewable energy in 2021, an increase of more than 77% from 2020. Therefore, its network delivered 414 million green km (258 million miles) in 2021 vs. 234 green km (145 million miles) in 2020. Full-year 2021 net loss was 319.7 million, compared to the prior-year period of 434.0 million. For the first time, operational EBITDA turned positive, increasing nearly 200% to 9.2 million, driven by solid top-line growth and strong margin conversion associated with the Allego business... More
