GreenMobility: Trading update Q3 2022
GreenMobility today reported 56% growth in the third quarter, which confirms the 2022 guidance, but also warns about challenges to the consumer might pose some headwinds and drive changes.
https://lnkd.in/eNnN5ybf
The company confirms 2022 guidance, where revenue is expected to land at DKK 100-110 million and net result of DKK (60-70) million, but also acknowledge challenges on the input cost side, where an extra energy fee has been introduced. Furthermore, they monitor the consumer behavior closely.
The revenue in the Q3 released numbers showed a growth of 56% vs. the same quarter in 2021, with 54% coming from existing cities. Compared to Q2 2022 the revenue grew 13%.
Customers and trips respectively grew 8% and 2% compared to Q2 2022, and the customer base reached 212t.
GreenMobility confirms that they have sufficient liquidity to carry out plans of growth in the short to medium term.
Despite of that and taking the more uncertain economic development into consideration the long term strategy and aspirations are under scrutiny.
The board and management are currently considering making appropriate and prudent adjustments, with more focus on preserving. If decided, it will likely extend expected timeline for reaching the aspirational levels (2025).
#micromobility #impactinvesting #carsharing
CEO of HCA Capital Tue Østergaard owns shares and is the Chairman of the Board in GreenMobility. HC Andersen Capital receives payment for a Digital IR/Corporate Visibility subscription agreement./Michael Friis, 13-10-2022, kl. 10.22 (edited 11:02).
GreenMobility
GreenMobility is a Danish company in the Mobility-as-a-Service space. GreenMobility operates a free-floating carsharing business of more than 1,000 electric vehicles across larger cities in Europe, aspiring to grow this number to around 10,000 in 2025. More than 100,000 people have signed up on the service, and users have access to the GreenMobility cars through the GreenMobility app. With thousands of daily trips, GreenMobility helps reduce congestion in cities with a climate impact. GreenMobility is listed at OMXC Small Cap in Denmark. The share was transferred to the Nasdaq Main Market in December 2020 from Nasdaq First North.
Read more on company page