Ads-Tec Energy Public Ltd Co

Information reported to ADSE’s chief operating decision maker (CODM) for the purposes of resource allocation and assessment of segment performance is focused on the geographic region of ADSE’s business activities. Therefore, ADSE manages its operations based on two operating segments referring to its business activities in Europe and North America.

Although the segment “North America” does not meet the quantitative thresholds to be reported as a reportable segment, the management has concluded that this segment should nevertheless be reported separately, as it is closely monitored by the CODM as a potential growth segment and is expected to contribute to ADSE’s revenue in future. In consequence, operating segments are reported in a manner consistent with the internal reporting provided to the CODM.

The CODM has been identified as the board of directors of ADSE Holdco. The board of directors regularly reviews operating results and makes decisions about the allocation of ADSE’s resources. ADSE’s focus is on the research, development and manufacturing of products and services in the fields of energy management, energy storage and e-mobility.

ADSE evaluates segmental performance based on segment revenue and segment earnings before interest, taxation, depreciation, and amortization (EBITDA). Inter-segment sales are priced along the same lines as sales to external customers.

Total non-current assets of both reportable segments can be broken down as follows:

Total current assets of both reportable segments can be broken down as follows:

Total liabilities of both reportable segments can be broken down as follows:

Total revenues of both reportable segments can be broken down as follows:

Revenues from two major customers of ADSE represented kEUR 39,066 and kEUR 15,046 respectively (2022: two customers, kEUR 8,208 and kEUR 7,145, 2021: one customer, kEUR 18,480) of ADSE’s total revenues.