Q1-2024: 50% Revenue Growth, March Shows Positive Net Result for Continuing Business
April 16 2024 - 3:10AM
Q1-2024: 50% Revenue Growth, March Shows Positive Net Result for
Continuing Business
Company Announcement no. 149 –
2024Copenhagen, April
16th, 2024
Q1-2024: 50% Revenue Growth, March Shows
Positive Net Result for Continuing Business
GreenMobility's continuing operations generated
a revenue growth of 50% in Q1-2024 compared to Q1-2023, and a
positive net result for the month of March.
In Q1 2024, which is seasonally the weakest
quarter for GreenMobility, the continuing operations have been
significantly improving month by month.
The number of trips in Copenhagen grew to more
than 60,000 in January, then in February the number of trips
surpassed 70,000, and in March a total of more than 80,000 trips.
This trend highlights the growth potential and that the market can
absorb the number of cars being moved to Denmark from the
international markets.
On the financial side the net result from
continuing operations also significantly improved month by month,
and March ended with a positive net result, highlighting that
GreenMobility is on track to reach the goal of profitability in
2024.
Q1-2024 compared to Q1-2023
- Revenue from continuing operations
increased by 50% to DKK 24.1 million
- Customers increased by 10% to
262,550
- Trips increased by 11% to
293,134
- Saved CO2 by the fleet grew by 12%
to 487 tonnes.
The net result from continuing operations in
Q1-2024 was negative with DKK (2.6) million, compared to DKK (2.9)
million in Q1-2023. Overall, the result is in line with
expectations.
GreenMobility will host a presentation of the Q1-2024 figures on
Friday April 19th at 13:00, where CEO Kasper Gjedsted will present
the quarter and with an opportunity to ask questions. Sign up via
link:https://hca.videosync.fi/2024-04-19-greenmobility/register
For the full details, please see attached Q1-2024 Trading
Statement.
Contact and further
information
Kasper Gjedsted CEO, +45 21 41 80 30:
kg@greenmobility.com
About
GreenMobilityGreenMobility offers modern urbanites easy,
flexible, and sustainable transport in the form of electric shared
city cars. Users have access to these cars via the GreenMobility
app. Trips are paid per minute, through minute packages, on a daily
basis or through a subscription. Today, GreenMobility operates a
total of 1,400 EVs in Copenhagen, Aarhus & Antwerp. More than
250,000 people are registered as customers at GreenMobility.
Driven by global megatrends, GreenMobility sees a rapidly
growing market for carsharing in large cities that demand green
transport for their citizens and aim to reduce the number of
private cars. GreenMobility’s ambition is to be among the leading
global operators of green shared mobility solutions. GreenMobility
is publicly listed for trading on the Nasdaq Main Market Copenhagen
in Denmark.
- GMQ12023 Trading Statement