Q2 2025 Report and Presentation

Otovo's Q2 2025 results: Growth in revenues and continued growth in sale

Otovo's second quarter results for 2025 are released today. Here are the highlights:

  1. Revenue growth: Revenue rose 22% to NOK 152m from Q1. A NOK 221m backlog and 23.9% gross margin point to continued momentum and solid unit economics.
  2. Continued sales momentum: Customer base grew 9% to 1,535, with order intake up 15% to NOK 178m on improved sales execution and a weakened NOK from Q1.
  3. Operational leverage: Personnel costs fell 39% YoY reflecting operational efficiency. Further volume growth not expected to drive cost.
  4. Market outlook: Residential European market is stabilizing, outlook is positive in medium term, driven by battery demand.

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