Polestar right now presents its unaudited monetary outcomes and operational metrics for the three-month and six-month durations ended 30 June 2025
Polestar right now presents its unaudited monetary outcomes and operational metrics for the three-month and six-month durations ended 30 June 2025.
Michael Lohscheller, Polestar CEO, says: “Our operational efficiency within the first half of 2025 reaffirms that we’re doing the suitable issues, in a tough market: rising our industrial footprint, promoting extra vehicles and relentlessly specializing in value and stock administration. Income progress was 56% and our Adjusted Gross Margin improved year-on-year. With a median of 5 new gross sales factors opening per thirty days within the second quarter, we’re making it simpler for extra clients to expertise and purchase a Polestar. The launch of Polestar 5, our four-seat Grand Tourer, at IAA in September will strengthen our place because the main efficiency EV model.”
Key monetary and operational highlights for H1 2025 (year-on-year comparability)
- Retail gross sales volumes up 51.1% pushed by transition to an energetic promoting mannequin, retail community growth, and a gorgeous mannequin line-up
- Revenues up 56.5% to USD 1,423 million, pushed by increased gross sales volumes
- Gross margin of (49.4)% impacted by non-cash impairment expense of USD 739 million booked in Q2
- Adjusted Gross Margin optimistic at 1.4% – an enchancment of 4.0 ppts
- Promoting, normal and administrative bills proceed to be optimized
- Web lack of USD (1,193) million primarily pushed by the impairment expense
- Adjusted EBITDA lack of USD (302) million, a discount of 30.3%
- Money place of USD 719 million as of 30 June 2025
- New fairness of USD 200 million raised to enhance services of roughly USD 2.1 billion secured or renewed via August 2025
- Future manufacturing website in Europe confirmed for Polestar 7
- Polestar 7 deliberate for launch in 2028
- Steering: Goal of compound annual retail gross sales quantity progress of 30-35% in 2025-2027 reiterated
Please click on right here to view the complete press launch
SOURCE: Polestar
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