Logotype for Heramba Electric plc

Heramba Electric (PITEF) investor relations material

Heramba Electric Q4 2023 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for Heramba Electric plc
Q4 2023 earnings summary7 Aug, 2024

Executive summary

  • Acquisition of Quipe/Kiepe Electric completed in February 2024, with NASDAQ listing in July 2024, marking a new phase focused on decarbonizing commercial and public transportation.

  • Quipe/Kiepe Electric, with over 100 years of history, specializes in electrification solutions for rail and road, high-power charging, and smart fleet management, serving a global customer base.

  • The company is expanding rapidly in North America and Europe, targeting growth in commercial electric vehicles, charging infrastructure, and rail systems.

  • Focus on leveraging German engineering and technology to decarbonize public and commercial transportation globally.

Financial highlights

  • 2023 revenues increased by 27.6% to €152.8 million, with Germany accounting for 46.6%, Europe (excluding Germany) 39.6%, and North America 12%.

  • North American revenue grew by 57.5% year-over-year, while Europe saw 24.7% growth.

  • Net income was €407k in 2023, reversing a €21 million net loss in 2022, which was impacted by a one-time project loss.

  • Order backlog at year-end 2023 reached €621 million, extending to 2032, with 80% from system integrator business and 20% from maintenance.

  • Ended 2023 with no debt and cash equivalents of €35.4 million.

Outlook and guidance

  • Facing revenue and profitability pressure in 2024 due to supply chain instability, project delays, and price pressure in Europe.

  • North America remains a growth engine, with plans to increase its revenue share and win new projects.

  • Strategic focus on shifting revenue mix toward higher-margin component, service, and modernization business to reduce risk and improve profitability.

  • Cost reduction initiatives underway, including supply chain optimization and SG&A cuts.

  • Management expects continued business growth, driven by global decarbonization trends and a substantial client pipeline.

Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

The essential earnings season companion

The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

Live calls and transcripts

Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.

Find what you need faster

Search for any keyword across all transcripts simultaneously.

Easily store key findings

Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Your watchlist. Your dashboard.

Follow the companies that matter to you. Get a personalized feed with real-time updates.

Be the first to know

Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.

Consensus estimates

Access analyst consensus estimates, valuation multiples, and revenue segments splits.

All IR material in one place

The easiest way to stay updated during earnings season.

Global coverage

All events from public companies. Live and recorded.

Just click and listen

No webcast links. No manual registrations.

Research anytime, anywhere

Built for professionals. Loved by everyone. Try our free mobile app.

excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com

Frequently asked questions

Heramba Electric plc, through its subsidiary Kiepe Electric GmbH, specializes in providing systems and components for the electrification of rail vehicles and buses, primarily serving urban public transport networks. The company also offers advanced charging infrastructure solutions for electric buses, including technology that enhances in-motion charging capabilities. This allows electric trolleybuses to extend their range between overhead wire connections, improving efficiency and supporting the transition to greener public transport systems. Heramba Electric is headquartered in Düsseldorf, Germany, and its shares are listed on the NASDAQ.

Quartr provides global coverage of all investor relation material from public companies.

  • Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

  • Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.

  • Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.

Yes, the Quartr mobile app is free on both iOS and Android.

Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.

Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.

Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.

Explore our global coverage