Ads-Tec Energy plc provided Update for Revenue Guidance for Fiscal Year 2022 and 2023. Company still confirms the significant increase of the order volume for its products in the 2022 financial year as previously announced in the last publication of its financial forecast on September 12, 2022. The orders primarily concern the battery-buffered ultra-fast charging systems from ADS-TEC Energy, but also stationary storage systems for commercial and industrial applications.

Despite revenue continuing to increase for Fiscal Year 2022 compared to Fiscal Year 2021, the planned production volumes cannot be fully assembled at ADS-TEC due to unexpected supply chain issues experienced by electronic components and manufacturing businesses globally. This production delay will shift significant revenue previously expected in Fiscal Year 2022 into Fiscal Year 2023. Importantly, the company expects this revenue to, in fact, be realized in 2023.