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 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.
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