Analysts Expect 2023 Revenue Slowdown for Ebusco Following Lowered Guidance

In December 2023, Ebusco (AEX: EBUS), a Netherlands-based manufacturer and distributor of zero-emission buses and charging systems, lowered its guidance for 2023, while upgrading revenue expectations for 2024. Following the guidance, analysts expect a slowdown in revenue growth for the company in 2023, followed by an uptick in 2024. Delays in energy container certification and logistical issues on bus production are expected to result in some revenue originally anticipated in 2023 being pushed to early 2024.

In 2023, Ebusco is expected to see revenue grow by +20% year over year, reaching €134 million. Revenue growth from zero-emission buses, the company’s largest revenue segment, is projected to slow down to +15% in 2023, while revenue growth from charging systems is projected to grow substantially at +145%, reaching €16 million.

Looking ahead to 2024, analysts expect a substantial revenue uptick, driven by the catch-up effect of the previous year’s delayed revenue. Revenue from zero-emission buses is forecasted to jump by 139% year over year to €289 million, while revenue from charging systems is expected to increase by 29% year over year to €21 million. Overall, revenue is projected to rise by 120% to €295 million. Analysts expect the company to become profitable in 2025, generating a net income of €8 million.