50% Revenue Growth, March Shows Positive Net

From GlobeNewswire: 2024-04-16 03:10:00

GreenMobility experienced a 50% revenue growth in Q1-2024 compared to Q1-2023, with a positive net result in March. The number of trips in Copenhagen increased each month, highlighting growth potential. Revenue increased to DKK 24.1 million, customers grew to 262,550, and CO2 savings rose by 12% in Q1-2024. The net result was DKK (2.6) million.

Despite a negative net result in Q1-2024, GreenMobility’s continuing operations showed significant improvement month by month. The company aims for profitability in 2024, with increased revenue, customers, trips, and CO2 savings compared to Q1-2023. GreenMobility plans to host a presentation of Q1-2024 figures on April 19th, 2024.

GreenMobility offers electric shared city cars for urban transport. The company operates 1,400 EVs in Copenhagen, Aarhus & Antwerp, serving more than 250,000 customers. Driven by global trends, GreenMobility aims to be a leading provider of green shared mobility solutions. GreenMobility is listed on the Nasdaq Main Market Copenhagen in Denmark.



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