In an attempt to generate operational capital, the Board approved plans for an accelerated book-build offering of newly issued ordinary shares at an extraordinary general meeting on 29 January 2024.

Ebusco is set to supply Italian central purchasing organisation Consip*, with 250 of its low-floor suburban Ebusco 2.2 12-metre electric buses, marking a milestone first order in the Italian market.

Ebusco is set to supply another twenty Ebusco 2.2 12-metre buses to Belgian transport operator Multiobus. The company also confirmed that the framework agreement signed last year with Deutsche Bahn will be extended until 2026.

The company posted revenues of EUR 41.7 million in H1 2023. Ebusco’s earnings before interest, taxes, depreciation, and amortisation (EBITDA) was EUR - 43.5 million leading to an overall loss of EUR - 35.8 million.

Ebusco announced it has signed a framework agreement with Frankfurt Airport operator Fraport to deliver four twelve-metre-long Ebusco 3.0 buses, marking the first time an Ebusco vehicle will be used at an airport.

In the first half of 2023, Ebusco delivered fewer buses than expected and the penalties for delays impacted the financial performance of the company. This was due to supply chain disruptions and labour shortages.

Ebusco’s Management Board now consists of Peter Bijvelds (CEO), Jurjen Jongma (CFO) and Bob Fleuren (COO). 

Ebusco announced it is to supply German public transport operator Südwestdeutsche Landesverkehrs GmbH (SWEG) with another 25 Ebusco 2.2 12-metre buses after the same company ordered 10 last year which are now in operation.

Björn Krook was previously Ebusco’s Investor Relations & Sustainability Manager and has over 20 years of experience in the banking industry.

This sensational revenue growth was, in large part, due to the order book growing from 325 to 1,474 buses including orders totalling 388 for its most advanced model yet, the Ebusco 3.0.

The contract, with the Swedish public operator, Svealandstrafiken, comprises 23 Ebusco 3.0 13.5-metre Class II e-buses with an option to purchase an additional 41.

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