6th Jan 2022 11:31
(Alliance News) - Pod Point Group Holdings PLC on Thursday reported strong trading in the second half of 2021, bringing the end-of-year results in line with management expectations.
The London-based company provides electric vehicle charging points. The stock was up 3.3% to 255.01 pence on Thursday morning in London. Pod Point listed on the London Main Market in November at 225p per share, so it is up 13% from its initial public offering price.
Increased demand for charge points accounted for strong sales in the second half of 2022, Pod Point said.
Chief Executive Officer Erik Fairbairn said: "We are pleased with the continued strong growth across the business we have seen since our IPO in November as we continue to capitalise on the significant market opportunity. The crucial role that we have to play in the UK's transition to electric vehicles is clear - we are excited to make further progress towards our goal of a Pod Point everywhere you park."
Pod Point will release its full annual results on February 18.
By Elizabeth Winter; [email protected]
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