Company announcement no. ten0 – 2021
Copenhagen, October 28e, 2021
T3-2021 Trading statement – Best quarter in terms of revenue and capital secured for growth
The strong growth trend continued in the third quarter, where revenue again hit a record high on a quarterly basis and to date + 90% compared to the same period last year. Growth continues to be present in all markets, especially with the continued ease of Covid restrictions outside of Denmark.
In the third quarter, GreenMobility successfully completed a rights offering and raised DKK 147.4 million in new equity, to support the growth of existing and new cities, in line with the company’s 2025 aspirations of 35 cities and 10 000 electric cars in service. At the same time, the company signed a DKK 100 million loan agreement with the Danish Green Investment Fund for continued growth and fleet financing in Sweden and Finland. With these two in place, GreenMobility has made sure that it must win the battle for capitalization.
Q3-2021 versus Q2-2021
Figures include all operational cities:
- Revenue increased by DKK 1.5 million or 9% to DKK 16.9 million (+ 60% compared to Q3-2020)
- Customer base increased by 10% to 147,665 (+ 43% compared to Q3-2020)
- Travel reached 230,200 (+ 40% compared to Q3-2020)
- The fleet’s CO2 savings were equivalent to 348 tonnes
The net result was negative with DKK (11.9) million, compared to DKK (12.5) in Q2-2021, which is in line with cost reduction expectations.
For more details, please see the attached Q3-2021 Trading Statement.
Contact and further information
Anders Wall, COO & Deputy CEO, Head of IR, +45 25 40 30 20, e-mail: [email protected]
GreenMobility offers modern city dwellers easy, flexible and sustainable transportation in the form of shared electric city cars. Users have access to these cars through the GreenMobility app. Trips are paid by the minute, by minute package, by the day or by subscription. Today, GreenMobility operates a total of 950 electric vehicles in Copenhagen, Aarhus, Malmö, Gothenburg, Antwerp, Ghent, Brussels and Helsinki. Over 140,000 people are registered as customers with GreenMobility.
Driven by global megatrends, GreenMobility sees a rapidly growing market for carsharing in major cities that demand green transportation for their citizens and aim to reduce the number of passenger cars. GreenMobility’s ambition is to be one of the world’s leading operators of green shared mobility solutions. GreenMobility is listed on the main Nasdaq market in Copenhagen, Denmark.
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