BRIEF-Polestar Reports Q3 Revenue $550.7 Million

Reuters

Jan 16, 2025

Jan 16 (Reuters) - Polestar Automotive Holding Uk Plc

:

* POLESTAR Q3 REVENUE $550.7 MILLION; Q3 ADJUSTED EBITDA $-180.5 MILLION

* POLESTAR: SEES MID-TEENS PERCENT FALL IN 2024 REVENUE & NEGATIVE GROSS MARGIN SAME AS 2023 LEVELS

* POLESTAR: SEES POSITIVE FREE CASH FLOW AFTER INVESTMENTS IN 2027

* POLESTAR: SEES 2025 - 2027 COMPOUND ANNUAL RETAIL SALES VOLUME GROWTH 30-35% & POSITIVE ADJUSTED EBITDA IN 2025

* POLESTAR: CONTINUES TO WORK WITH GEELY ON SECURING NEW EQUITY & DEBT FUNDING

* POLESTAR: CLUB-LOAN LENDERS TO AMEND REVENUE COVENANT FOR 2024 & WAIVE TESTING OF 2024 END & Q1 2025 DEBT RATIO COVENANT

* POLESTAR: SECURED OVER $800 MILLION IN LOAN FACILITIES IN DEC, WORKING ON SECURING ADDITIONAL FACILITY OF OVER $400 MILLION

* POLESTAR: TO RESTATE FY 2022, 2023, AND HY 2023, HY 2024 FINANCIAL STATEMENTS DUE TO UNDERREPORTING OF ASSETS & ACCRUED LIABILITIES

* POLESTAR: POLESTAR 5 LAUNCH IN 2025; POLESTAR 7 TO BE PRODUCED IN EUROPE

Source text: Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

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Q3 ADJUSTED EBITDA $-180.5 MILLION</p><p>   * POLESTAR: SEES MID-TEENS PERCENT FALL IN 2024 REVENUE &amp; NEGATIVE GROSS MARGIN SAME AS 2023 LEVELS</p><p>   * POLESTAR: SEES POSITIVE FREE CASH FLOW AFTER INVESTMENTS IN 2027</p><p>   * POLESTAR: SEES 2025 - 2027 COMPOUND ANNUAL RETAIL SALES VOLUME GROWTH 30-35% &amp; POSITIVE ADJUSTED EBITDA IN 2025</p><p>   * POLESTAR: CONTINUES TO WORK WITH GEELY ON SECURING NEW EQUITY &amp; DEBT FUNDING</p><p>   * POLESTAR: CLUB-LOAN LENDERS TO AMEND REVENUE COVENANT FOR 2024 &amp; WAIVE TESTING OF 2024 END &amp; Q1 2025 DEBT RATIO COVENANT</p><p>   * POLESTAR: SECURED OVER $800 MILLION IN LOAN FACILITIES IN DEC, WORKING ON SECURING ADDITIONAL FACILITY OF OVER $400 MILLION</p><p>   * POLESTAR: TO RESTATE FY 2022, 2023, AND HY 2023, HY 2024 FINANCIAL STATEMENTS DUE TO UNDERREPORTING OF ASSETS &amp; ACCRUED LIABILITIES</p><p>   * POLESTAR: POLESTAR 5 LAUNCH IN 2025; POLESTAR 7 TO BE PRODUCED IN EUROPE</p><p>Source text:    Further company coverage:   </p><p> ((Reuters.Briefs@thomsonreuters.com;))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"00175","symbol_name":"吉利汽车","start_time":0,"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","article_id":"2503993589","we_media_id":"1036604489","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2503993589","pubTimestamp":1737028809,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"summary":"Jan 16  - Polestar Automotive Holding Uk Plc :   * POLESTAR Q3 REVENUE $550.7 MILLION; Q3 ADJUSTED EBITDA $-180.5 MILLION   * POLESTAR: SEES MID-TEENS PERCENT FALL IN 2024 REVENUE & NEGATIVE GROSS MARGIN SAME AS 2023 LEVELS   * POLESTAR: SEES POSITIVE FREE CASH FLOW AFTER INVESTMENTS IN 2027   * POLESTAR: SEES 2025 - 2027 COMPOUND ANNUAL RETAIL SALES VOLUME GROWTH 30-35% & POSITIVE ADJUSTED EBITDA IN 2025   * POLESTAR: CONTINUES TO WORK WITH GEELY ON SECURING NEW EQUITY & DEBT FUNDING   * POLESTAR: CLUB-LOAN LENDERS TO AMEND REVENUE COVENANT FOR 2024 & WAIVE TESTING OF 2024 END & Q1 2025 DEBT RATIO COVENANT   * POLESTAR: SECURED OVER $800 MILLION IN LOAN FACILITIES IN DEC, WORKING ON SECURING ADDITIONAL FACILITY OF OVER $400 MILLION   * POLESTAR: TO RESTATE FY 2022, 2023, AND HY 2023, HY 2024 FINANCIAL STATEMENTS DUE TO UNDERREPORTING OF ASSETS & ACCRUED LIABILITIES   * POLESTAR: POLESTAR 5 LAUNCH IN 2025; POLESTAR 7 TO BE PRODUCED IN EUROPESource text:    Further company coverage:    ","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"00175":"吉利汽车"},"translate_title":"简介-Polestar报告第三季度收入5.507亿美元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"00175":0.9},"content_text":"Jan 16 (Reuters) - Polestar Automotive Holding Uk Plc :   * POLESTAR Q3 REVENUE $550.7 MILLION; Q3 ADJUSTED EBITDA $-180.5 MILLION   * POLESTAR: SEES MID-TEENS PERCENT FALL IN 2024 REVENUE & NEGATIVE GROSS MARGIN SAME AS 2023 LEVELS   * POLESTAR: SEES POSITIVE FREE CASH FLOW AFTER INVESTMENTS IN 2027   * POLESTAR: SEES 2025 - 2027 COMPOUND ANNUAL RETAIL SALES VOLUME GROWTH 30-35% & POSITIVE ADJUSTED EBITDA IN 2025   * POLESTAR: CONTINUES TO WORK WITH GEELY ON SECURING NEW EQUITY & DEBT FUNDING   * POLESTAR: CLUB-LOAN LENDERS TO AMEND REVENUE COVENANT FOR 2024 & WAIVE TESTING OF 2024 END & Q1 2025 DEBT RATIO COVENANT   * POLESTAR: SECURED OVER $800 MILLION IN LOAN FACILITIES IN DEC, WORKING ON SECURING ADDITIONAL FACILITY OF OVER $400 MILLION   * POLESTAR: TO RESTATE FY 2022, 2023, AND HY 2023, HY 2024 FINANCIAL STATEMENTS DUE TO UNDERREPORTING OF ASSETS & ACCRUED LIABILITIES   * POLESTAR: POLESTAR 5 LAUNCH IN 2025; POLESTAR 7 TO BE PRODUCED IN EUROPESource text:    Further company coverage:    ((Reuters.Briefs@thomsonreuters.com;))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}