Denmark · Delayed Price · Currency is DKK GreenMobility Earnings Call Transcripts
Fiscal Year 2026
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Q3 revenue rose 9% and EBITDA 12% YoY, while 9M EBITDA growth reached the top of 2026 guidance. AV commercialization could add a new growth avenue, but depends on regulatory approval and local safety documentation.
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Revenue grew 4% year-over-year in H1 2026, below guidance due to fleet delays and local disruptions, but EBITDA rose 19% and net profit more than doubled. Equity ratio improved to 27%, and all new vehicles are now operational. Share buybacks and platform upgrades support future growth.
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Q1 2026 saw 8% revenue and 60% EBITDA growth, with margin rising to 31%. Operational improvements, digitalization, and a new app drove efficiency, while new vehicle financing and autonomous vehicle initiatives support future growth.
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2025 saw strong financial outperformance, with 20% revenue and 55% EBITDA growth. Guidance for 2026 targets 8%-12% revenue and 12%-16% EBITDA growth, driven by digitalization, new partnerships, and operational improvements. Autonomous vehicle initiatives are advancing, with minimal capital risk and strong market interest.
Fiscal Year 2025
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Revenue and EBITDA grew 20% and 57% year-over-year, both exceeding guidance. Operational improvements, a stronger balance sheet, and new technology support continued growth, with 2026 guidance set at 8–12% revenue and 12–16% EBITDA growth.
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A new strategy targets 8%-12% annual revenue growth and 12%-16% EBITDA growth by 2028, focusing on the Danish market, operational efficiency, and technology upgrades. Autonomous driving is a future ambition, while capital discipline and customer data remain key strengths.
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Q3 revenue rose 14% YoY and EBITDA 60%, supported by stronger fleet utilization and longer rentals. FY guidance is 13%–15% revenue growth and 32%–42% EBITDA growth; management is awaiting more Q4 and competitive-market data before considering another revision.
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Revenue and EBITDA guidance were raised following strong summer results and a successful shift to longer-term rentals. Growth is driven by both new and existing clients, with digital marketing and operational efficiency as key enablers.
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Revenue grew 29% and EBITDA 76% year-over-year in H1 2025, with a shift to Danish market focus and improved operational efficiency. Upgraded guidance projects 10%-13% revenue and 25%-40% EBITDA growth for the year.
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Strong H1 2025 results with 29% revenue and 76% EBITDA growth led to upgraded guidance. Focus remains on Denmark, with improved fleet utilization and readiness for self-driving technology, while monitoring competition and seasonality.
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Revenue and EBITDA saw strong year-over-year growth following a strategic refocus on Denmark, with technology upgrades and operational improvements driving efficiency. New digital features and sensors are expected to further enhance profitability and customer experience.
Fiscal Year 2024
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Achieved a major turnaround in 2024, shifting focus to the Danish market, delivering 72% revenue growth, and returning to profitability. Guidance for 2025 targets 7–13% revenue growth and 20–40% EBITDA growth, with continued tech investment and operational efficiency.
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Q3 saw a 92% year-over-year revenue increase and the first group-wide profit, driven by strong operational performance and a successful turnaround. Guidance for 2024 is maintained, with continued focus on profitability, IT upgrades, and market expansion.
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Revenue from continuing operations rose 59% in H1 2024, with profitability and cash flow improving after a strategic refocus on Denmark. Guidance for 2024 was raised, and strong growth is expected in H2, supported by seasonality and operational improvements.
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Upgraded 2024 guidance reflects strong revenue growth and improved profitability, with H1 revenue up 59% year-over-year and net profit turning positive in Q2. Asset-light strategy and new municipal parking support strengthen market position.