Wallbox N.V. (NYSE:WBX) Q3 2024 Earnings Call November 6, 2024 8:00 AM ET

Company Participants

Michael Wilhelm - Investor Relations
Enric Asuncion - Chief Executive Officer
Luis Boada - Chief Financial Officer

Conference Call Participants

George Gianarikas - Canaccord Genuity
Ben Kallo - Baird

Operator

Hello, everyone and welcome to Wallbox’s Third Quarter 2024 Earnings Conference Call and Webcast. My name is Charlie and I will be coordinating today’s call. [Operator Instructions] I’d now like to turn the call over to Michael Wilhelm from Wallbox. Michael, please go ahead.

Michael Wilhelm

Thank you, Charlie and good morning and good afternoon to everyone listening in. Thank you for joining today’s webcast to discuss Wallbox third quarter 2024 results. This event is being broadcast over the web and can be accessed from the Investors section of our website at investors.wallbox.com. I’m joined today by Enric Asuncion, Wallbox’s CEO; and Luis Boada, Wallbox’s CFO. Earlier today, we issued a press release announcing results from the third quarter ended September 30, 2024, which can also be found on our website.

Before we begin, I would like to remind everyone that certain statements made on today’s call are forward-looking that may be subjected to risks and uncertainties relating to future events and/or the future financial performance of the company. Actual results could differ materially from those anticipated. The risk factors that may affect results are detailed in the company’s most recent public filings with the SEC including the annual report on Form 20-F for the fiscal year ended December 31, 2023, filed on March 21, 2024.

We will be presenting unaudited financial statements in IFRS format that reflects management’s best assessment of actual results. Also, please note that we use certain non-IFRS financial measures on this call and reconciliations of these measures are included in the presentation posted on the Investors section of our website. Also, a copy of these prepared remarks can be obtained from the Investor Relations website under the quarterly results section. So you can more easily follow along with us today.

So with that out of the way, I will turn it over to Enric.

Enric Asuncion

Thank you, Michael, and thanks, everyone, for joining us today. Before we discuss the highlights of the third quarter 2024, I would like to take the time to put in perspective where Wallbox is today in light of the current EV market sentiment, especially in Europe. Year-to-date, up until the end of the third quarter, we had revenue of €126 million, which reflects a 26% growth compared to the same time frame last year.