Forsee Power Reports H1 2025 Revenue of €80.8 million
Forsee Power (FR0014005SB3 – FORSEE – the 'Company') (Paris:FORSE), the expert in battery systems for commercial and industrial electric vehicles, today announces its revenue for the first half of 2025, ended June 30, 20251.
Christophe Gurtner, Founder & Chief Executive Officer of Forsee Power, stated: 'The past six months have been marked by a mixed market environment: limited visibility on certain segments, a continued wait-and-see attitude from several customers, and intensified competition from Asian players. In this context, Forsee Power has continued to implement its diversification strategy towards higher value-added markets. Thanks to the unwavering commitment of our teams and the renewed support of our shareholders, as confirmed by the successful capital increase completed in June 2025, we are approaching the second half of the year, marked by low visibility and a challenging, highly competitive market environment, with determination and pragmatism, fully mobilized to prepare for the next stages of our development.'
Revenue breakdown by segment
IFRS, unaudited
(€ thousands)
Q2 2024
Q2 2025
Change
H1 2024
H1 2025
Change
Heavy vehicles
29 413
38 864
32%
76 440
71 958
-6%
Light vehicles
2 217
4 812
117%
7 957
8 851
11%
Total revenue
31 630
43 676
38%
84 397
80 809
-4%
Expand
For the first half of 2025, Forsee Power generated €80.8 million in revenue, down 4% versus H1 2024, reflecting a softer market momentum caused by industrial customers' cautious stance. Revenue for the second quarter reached €43.7 million, representing a 38% increase compared to the prior year. This growth is mainly attributable to the expansion of the Group's scope of activity, notably with the integration of revenues from the railway and stationary storage segments, consolidated under the heavy vehicle division. While these new activities remain limited in volume at this stage, they represent the first tangible results of the Group's diversification strategy. In the first half of the year, the light vehicle segment recorded slight growth of +11% compared to H1 2024.
Key highlights of the first half of 2025
Launch of PULSE PLUS, a high-power, long-life battery system for heavy vehicles;
Launch of GO 6, a modular and high-performance battery designed for light vehicles as well as compact construction and industrial equipment;
Turkey: Supply of FORSEE ZEN LFP battery systems to equip Otokar's e-TERRITO buses and partnership with Bozankaya for the supply of battery systems for trolleybuses;
United Kingdom: Partnership between Connected Energy and Forsee Power to develop an energy storage solution based on second-life bus batteries;
North America: Integration of FORSEE ZEN PLUS batteries by Innovative Rail Technologies to retrofit locomotives in the United States; agreement with Westward Industries to equip its electric vehicles; contract signed with a major U.S. city to supply 110 PULSE 26 PLUS RAIL battery units for 55 tramways;
Australia: Acceleration of orders from Custom Denning to electrify its buses with Forsee Power's durable battery systems.
Strategy and outlook
Forsee Power continues to implement its development strategy focused on high value-added markets, with a particular emphasis on buses, off-highway and mining vehicles, and railway applications. In a still mixed economic environment, the Group remains focused on diversification and on progressively converting its order book into revenue.
Next financial communication
H1 2025 results – September 17, 2025 at 5:45 p.m. CEST
About Forsee Power
Forsee Power is an industrial group specializing in smart battery systems for sustainable electric transport (light vehicles, off-highway vehicles, buses, trucks, and trains). A major player in Europe, Asia and North America, the Group designs, assembles, and supplies energy management systems based on cells that are among the most robust in the market and provides installation, commissioning, and maintenance on site and remotely. More than 4,500 buses and 145,000 LEV have been equipped with Forsee Power's batteries. The Group also offers financing solutions (battery leasing) and second-life solutions for transport batteries. Forsee Power and its 750 employees are committed to sustainable development and the Group has obtained the Gold medal from leading sustainability rating agency EcoVadis. For more information: www.forseepower.com | @ForseePower
1 This press release presents consolidated, unaudited revenue prepared in accordance with IFRS standards.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Fast Company
18 minutes ago
- Fast Company
1 in 10 Americans have achieved millionaire status, but the milestone is losing its luster
As a child, Heidi Barley watched her family pay for groceries with food stamps. As a college student, she dropped out because she couldn't afford tuition. In her twenties, already scraping by, she was forced to take a pay cut that shrunk her salary to just $34,000 a year. But this summer, the 41-year-old hit a milestone that long felt out of reach: She became a millionaire. A surging number of everyday Americans now boast a seven-figure net worth once the domain of celebrities and CEOs. But as the ranks of millionaires grow fatter, the significance of the status is shifting alongside perceptions of what it takes to be truly rich. 'Millionaire used to sound like Rich Uncle Pennybags in a top hat,' says Michael Ashley Schulman, chief investment officer at Running Point Capital Advisors, a wealth management firm in El Segundo, California. 'It's no longer a backstage pass to palatial estates and caviar bumps. It's the new mass-affluent middleweight class, financially secure but two zeros short of private-jet territory.' Inflation, ballooning home values and a decades-long push into stock markets by average investors have lifted millions into millionairehood. A June report from Swiss bank UBS found about one-tenth of American adults are members of the seven-digit club, with 1,000 freshly minted millionaires added daily last year. Thirty years ago, the IRS counted 1.6 million Americans with a net worth of $1 million or more. UBS — using data from the United Nations, World Bank, International Monetary Fund and central banks of countries around the globe — put the number at 23.8 million in the U.S. last year, a nearly 15-fold increase. The expanding ranks of millionaires come as the gulf between rich and poor widens. The richest 10% of Americans hold two-thirds of household wealth, according to the Federal Reserve, averaging $8.1 million each. The bottom 50% hold 3% of wealth, with an average of just $60,000 to their names. Federal Reserve data also shows there are differences by race. Asian people outpace white people in the U.S. in median wealth, while Black and Hispanic people trail in their net worth. Barley was working as a journalist when her newspaper ended its pension program and she got a lump-sum payout of about $5,000. A colleague convinced her to invest it in a retirement account, and ever since, she's stashed away whatever she could. The investments dipped at first during the Great Recession but eventually started growing. In time, she came to find catharsis in amassing savings, going home and checking her account balances when she had a tough day at work. Last month, after one such day, she realized the moment had come. 'Did you know that we're millionaires?' she asked her husband. 'Good job, honey,' Barley says he replied, unfazed. It brought no immediate change. Like many millionaires, much of her wealth is in long-term investments and her home, not easy-to-access cash. She still lives in her modest Orlando, Florida, house, socks away half her paycheck, fills the napkin holder with takeout napkins and lines trash cans with grocery bags. Still, Barley says it feels powerful to cross a threshold she never imagined reaching as a child. 'But it's not as glamorous as the ideas in your head,' she says. All wealth is relative. To thousandaires, $1 million is the stuff of dreams. To billionaires, it's a rounding error. Either way, it takes twice as much cash today to match the buying power of 30 years ago. A net worth of $1 million in 1995 is equivalent to about $2.1 million today, according to the U.S. Bureau of Labor Statistics. A seven-figure net worth is, to some, as outdated a yardstick as a six-figure salary. Nonetheless, 'millionaire' is peppered in everything from politics to popular music as shorthand for rich. 'It's a nice round number but it's a point in a longer journey,' says Dan Uden, a 41-year-old from Providence, Rhode Island, who works in information technology and who hit the million-dollar mark last month. 'It definitely gives you some room to breathe.' No other country comes close to the U.S. in the sheer number of millionaires, though relative to population, UBS found Switzerland and Luxembourg had higher rates. Kenneth Carow, a finance professor at Indiana University's Kelley School of Business, says commonalities emerge among today's millionaires. The vast majority own stocks and a home. Most live below their means. They value education and teach financial responsibility to their children. 'The dream of becoming a millionaire,' Carow says, 'has become more obtainable.' Jim Wang, 45, a software engineer-turned finance blogger from Fulton, Maryland, says even if hitting $1 million was essentially 'a non-event' for him and his wife, it still held weight for him as the son of immigrants who saved money by turning the heat off on winter nights. The private jets he envisioned as a kid may not have materialized at the million-dollar threshold, but he still sees it as a marker that brings a certain level of security. 'It's possible, even with a regular job,' he says. 'You just have to be diligent and consistent.' The resilience of financial markets and the ease of investing in broad-based, low-fee index funds has fueled the balances of many millionaires who don't earn massive salaries or inherit family fortunes. Among them is a burgeoning community of younger millionaires born out of the movement known as FIRE, for Financial Independence Retire Early. Jason Breck, 48, of Fishers, Indiana, embraced FIRE and reached the million-dollar mark nine years ago. He promptly quit his job in automotive marketing, where he generally earned around $60,000 a year but managed to stow away around 70% of his pay. Now, Breck and his wife spend several months a year traveling. Despite being retired, they continue to grow their balance by sticking to a tight budget and keeping expenses to $1,500 a month when they're in the U.S and a few hundred dollars more when they travel. Hitting their goal hasn't translated to luxury. There is no lawn crew to cut the grass, no Netflix or Amazon Prime, no Uber Eats. They fly economy. They drive a 2005 Toyota. 'It's not a golden ticket like it was in the past,' Breck says. 'For us, a million dollars buys us freedom and peace of mind. We're not yacht rich, but for us, we're time rich.'
Business Wire
18 minutes ago
- Business Wire
Calero Launches New Offering to Meet Organizations' Most Critical SaaS Management Needs – Visibility, Control, and Optimization
ROCHESTER, N.Y.--(BUSINESS WIRE)-- Calero, the leading provider of Technology Business Management solutions, today announced a new SaaS Management offering designed to meet the urgent needs of today's organizations. The simplified offering will quickly and cost-effectively add value to overworked and under-resourced IT teams by providing solutions for visibility, control and optimization. The Calero SaaS Management Platform (SMP) offering meets users where they are today – not overwhelming them with more work. Now more than ever, organizations rely on a wide array of software-as-a-service (SaaS) tools to manage day-to-day operations. While many of these applications are effectively centralized, an increasing number of SaaS applications are brought into the business by end users without the knowledge of IT or Procurement. This shadow SaaS can create data silos, redundancies, waste, and risk. The Calero SaaS Management Platform (SMP) offering meets users where they are today – not overwhelming them with more work. Whether organizations need visibility, control, or optimization, the Calero SMP offering provides a proven, cost-effective solution from a company with staying power and a three-decade history of success. Calero's Visibility offering provides immediate insight into the SaaS applications and usage in the organization. Using existing data sources, IT leaders can identify unapproved and risky apps and organize their environment, leading to exceptional time-to-value at a very low cost. Calero's Control offering provides organizations real-time, actionable recommendations for their most critical SaaS Vendors. The solution leverages discovery sources, finance systems, and vendor data for one source of truth, so teams can improve license usage efficiency, negotiate renewals with confidence, and drive accountability. And Calero's Optimization offering empowers teams to meet more strategic goals without adding headcount. This solution leverages Calero's managed services expertise to reclaim valuable time fetching vendor data, managing licenses for joiners, leavers, and movers, preparing for renewals, and more. Results include better user experiences and more efficient SaaS spend. "Many leaders recognize they have a significant SaaS management problem but are unsure where to start," said Scott Gilbert, CEO of Calero. "Inaction comes at a cost. With over 30 years' experience helping organizations manage telecommunications, mobility, and market data, Calero makes it easier for leaders to address these challenges. We're committed to lowering barriers to entry and leading the way again." For more information on Calero's new SaaS Management offering, technology leaders from CIOs to IT managers can visit About Calero Calero is the leading provider of Technology Business Management solutions, empowering organizations to streamline and optimize their technology investments through three key solution pillars: Technology Expense Management: Advanced software solutions designed to optimize technology spend across market data, telecom, mobile, SaaS, and beyond. Technology Lifecycle Management: Comprehensive unified platform that enhances IT asset management, providing detailed inventory visibility, lifecycle tracking, and secure processes for asset reallocation and disposal—from procurement to retirement. Managed Technology Services: Tailored managed services that enable organizations to automate, streamline, and maximize the efficiency of IT resource management. With a focus on delivering actionable insights and operational efficiency, Calero helps businesses achieve greater control and cost savings across their technology ecosystem. Find out more at
Business Wire
18 minutes ago
- Business Wire
Zydus Announces Completion of the Acquisition of an 85.6% Stake in Amplitude Surgical and Upcoming Filing of a Simplified Tender Offer
AHMEDABAD, India & VALENCE, France--(BUSINESS WIRE)--Regulatory News: Zydus Lifesciences Limited 1 (' Zydus '), on March 11, 2025, entered into agreements with PAI and two minority shareholders of Amplitude Surgical (Paris:AMPLI) to acquire blocks of shares representing in aggregate 85.6% of Amplitude Surgical's share capital and voting rights 2 at a price of €6.25 per share and a total consideration of €256.8mn (the ' Block Acquisition '). As all conditions precedent to the completion have now been fulfilled, and the Block Acquisition has been subsequently completed on July 29, 2025, Zydus now holds 85.6% of the share capital and voting rights of Amplitude Surgical. Olivier Jallabert will remain in his role as CEO of Amplitude Surgical, and, as part of the Block Acquisition, has invested into the company which has completed the Block Acquisition. In the context of the Block Acquisition, Amplitude Surgical has terminated with effect as of July 28, 2025 its liquidity contract entered into between Amplitude Surgical, Oddo BHF and Natixis dated June 19, 2018. Zydus will file a simplified mandatory tender offer (the ' Offer ') on July 30, 2025 for all the remaining outstanding shares of Amplitude Surgical at a price of €6.25 per share, at par with the price paid for the Block Acquisition. Considering the certain undertakings to tender received from seven shareholders representing in aggregate 4.7% of share capital and voting rights 3, Zydus will be able to secure more than 90% of the capital and voting rights of Amplitude Surgical upon completion of the Offer and will subsequently request the implementation of a squeeze-out. Subject to the French Financial Market Authority's (Autorité des marches financiers, AMF) clearance of the Offer, it is currently envisaged that the Offer may be opened in September 2025. No other regulatory approval will be required. On July 28, 2025, the Board of Directors of Amplitude Surgical unanimously welcomed the Offer and on the same date issued its reasoned opinion following receipt of the fairness opinion from Finexsi, appointed as independent expert for the purpose of the Offer. ***** About Zydus Lifesciences Zydus Lifesciences Ltd. with an overarching purpose of empowering people with freedom to live healthier and more fulfilled lives, is an innovative, global lifesciences company that discovers, develops, manufactures, and markets a broad range of healthcare therapies. The group employs over 27,000 people worldwide, including 1,400 scientists engaged in R&D, and is driven by its mission to unlock new possibilities in lifesciences through quality healthcare solutions that impact lives. The group aspires to transform lives through path-breaking discoveries. For more details visit ***** About Amplitude Surgical Founded in 1997 in Valence, France, Amplitude Surgical is a leading French player in the global market for surgical technologies for lower limb orthopaedics. Amplitude Surgical develops and markets high-end products for orthopaedic surgery, covering the main pathologies affecting the hip and knee. Working in close collaboration with surgeons, Amplitude Surgical develops numerous high value-added innovations to best meet the needs of patients, surgeons and care facilities. A leading player in France, Amplitude Surgical is expanding internationally through its subsidiaries and a network of agents and exclusive distributors in over 30 countries. As of June 30, 2025, Amplitude Surgical employed 429 people and generated revenue of nearly €111 million. ******* This press release must not be published, broadcast or distributed, directly or indirectly, in any countries in which the distribution of this information is subject to legal restrictions. Therefore, persons in countries where this press release is disseminated, published or distributed should inform themselves about and comply with any such restrictions. This release contains forward-looking statements that are based on assessments or assumptions that were reasonable at the date of the release, and which may change or be altered due, in particular, to random events or uncertainties and risks relating to the economic, financial , regulatory and competitive environment, the risks set out in the 2023/2024 Universal Registration Document, and any risks that are unknown or non-material to date that may subsequently occur. The Company undertakes to publish or disclose any adjustments or updates to this information as part of the periodic and permanent information obligation to which all listed companies are subject. This press release contains inside information within the meaning of Regulation No. 596/2014 of 16 April 2014 on market abuse. 1 Through its subsidiaries/affiliates 2 Directly and indirectly through the acquisition of holding companies Auroralux, Ampliman 1 and Ampliman 2, and excluding treasury shares held by assimilation and on the basis of a total number of shares and theoretical voting rights of 48,020,841 3 Press release of April 17, 2025
