GreenMobility (One-pager): Signs of delivering on profitable growth journey
After last week’s Q1 2024 trading update, we have updated GreenMobility’s investment case one-pager with the recent development in valuation multiples. The one-pager highlights GreenMobility’s new strategic direction, focusing solely on the Danish markets and profitable growth. We also cover key investment reasons as well as key investment risks.
With GreenMobility's 50% growth in revenue and an improvement in losses for the continuing operations compared to last year, Q1 2024 showed signs of delivering on the new strategy, which is expected to take the company on a profitable growth path going forward.
You can also watch the presentation of the Q1 2024 presentation with GreenMobility’s CEO Kasper Gjedsted here: https://www.inderes.dk/videos/greenmobility-presentation-of-q1-2024-trading-report
Disclaimer: HC Andersen Capital receives payment from GreenMobility for a Digital IR/Corporate Visibility subscription agreement. CEO of HC Andersen Capital, Tue Østergaard, is Chairman of GreenMobility and owns shares in the company. /Michael Friis and Kasper Lihn 13:00, 22 April 2024.
GreenMobility
GreenMobility är verksamt inom fordonsindustrin. Idag är verksamheten fokuserad mot att tillverka elektroniska fordon särskilt anpassade för stadstrafik. Bolagets bilar hyrs ut och bokas via en app där kunderna kan använda bilen inom ett i förval begränsat område, för att sedan lämna tillbaka bilen vid avsatt tid och plats till nästa förare. Verksamhet innehas idag främst i Danmarks storstäder. Bolaget grundades under 2016 och har sitt huvudkontor i Köpenhamn.
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