GOTHENBURG, Sweden--(BUSINESS WIRE)--Polestar (Nasdaq: PSNY) retail sales totalled 12,256 cars in Q4 2024, up 5.3% versus Q4 2023, taking total retail sales for the full year to 44,851 in 2024, down 15% versus 2023. Total order intake in Q4 2024 increased by 37.2% versus Q4 2023 and by 37.9% for the full year 2024 versus 2023.
Michael Lohscheller, Polestar CEO, says: “The changes being made to our commercial operations are clearly having a positive impact, as we saw a 5.3% increase in retail sales and a 37.2% increase in order intake compared to the same quarter last year, creating a strong momentum as we enter 2025.”
Breakdown of retail sales compared to previous period:
Retail sales |
|
Q4 2024 | Q4 2023 | Change (%) |
Retail sales |
|
12,256 |
11,640 |
5.3% |
|
|
FY 2024 | FY 2023 | Change (%) |
Retail sales |
|
44,851 |
52,796 |
-15% |
To align more closely with sector convention, Polestar has amended its definition of global volumes, with the new definition being retail sales representing sales to end customers. See appendix for adjusted historical figures.
As previously announced, the Company will publish Q3 key financial KPIs, business and operational highlights on 16 January 2025. Management will host a live webcast on the same date, to provide a business and strategy update. Further details, including a link to the webcast, are available on the Polestar Investor Relations website. Verified shareholders are able to ask questions through the Say Technologies platform, accessible via: https://app.saytechnologies.com/polestar-strategy-business-update
APPENDIX
The following table illustrates historical differences versus the prior definition:
|
|
Restatement for new definition (Retail sales) (1) | Published as per previous definition (2)(3) |
|
|
|
|
Q3 2022 |
|
8,393 |
9,239 |
Q4 2022 |
|
20,243 |
21,067 |
FY 2022 |
|
50,510 |
51,491 |
|
|
|
|
Q1 2023 |
|
12,006 |
12,076 |
Q2 2023 |
|
15,485 |
15,792 |
Q3 2023 |
|
13,666 |
13,976 |
Q4 2023 |
|
11,641 |
12,782 |
FY 2023 |
|
52,798 |
54,626 |
|
|
|
|
Q1 2024 |
|
6,975 |
7,217 |
Q2 2024 |
|
13,072 |
13,026 |
Q3 2024 |
|
12,548 |
11,938 |
Q4 2024 |
|
12,256 |
12,277 |
FY 2024 |
|
44,851 |
44,458 |
(1) |
Retail Sales figures, which the Company publishes quarterly from now on, are sales to end customers. Retail Sales include new cars handed over via all sales channels and all sale types... |
(2) |
Represents the sum of total volume of vehicles delivered for external and internal sales. A vehicle is deemed delivered and included in the volume figure... |
(3) |
The figures in this column reflect actual sales volumes calculated using the former global volumes definition... |
About Polestar
Polestar (Nasdaq: PSNY) is the Swedish electric performance car brand determined to improve society by using design and technology to accelerate the shift to sustainable mobility...
Polestar has three models in its line-up: Polestar 2, Polestar 3, and Polestar 4. With plans to have five performance EVs by 2026, Polestar 5 and Polestar 6 are coming soon...
The Polestar 0 project supports the company’s ambitious goal of creating a truly climate-neutral production car by 2030...
Forward-Looking Statements
Certain statements in this press release may be considered “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995...
These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by Polestar and its management, are inherently uncertain...
Nothing in this Press Release should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved...