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DistIT: Sweden's Elsäkerhetsverket announces sales ban on two Easee EV charging boxes - SEB

Arguing that two of Norwegian Easee's EV charging boxes, distributed in the local market by Efuel (a DistIT Group subsidiary), mainly lack a "proper" earth-leak circuit breaker, Sweden's Elsäkerhetsverket has announced a sales ban starting today. While this is disputed by Easee, the company will now have to recall about 100,000 installed boxes. In our scenario analyses below, we estimate DistIT Group could lose 5-9% of sales and 15-25% of EBIT in 2023E.

Arguing that two of Norwegian Easee's EV charging boxes, distributed in the local market by Efuel (a DistIT Group subsidiary), mainly lack a "proper" earth-leak circuit breaker, Sweden's Elsäkerhetsverket has announced a sales ban starting today. While this is disputed by Easee, the company will now have to recall about 100,000 installed boxes. In our scenario analyses below, we estimate DistIT Group could lose 5-9% of sales and 15-25% of EBIT in 2023E.
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