GreenMobility (One-pager): Profitable growth journey continues in Q3 2024
Last week, GreenMobility announced its Q3 2024 trading statement, showing 92% revenue growth from its continuing operations (Copenhagen and Aarhus) and a net profit from the continuing operations of DKK 2.4m. The company maintained its 2024 guidance.
We have updated our investment case one-pager with the recent news and financials. Besides looking into key investment reasons and key investment risks, we have also included some valuation perspectives.
You can also watch the recent Q3 2024 trading statement presentation with GreenMobility's CEO Kasper Gjedsted here: https://www.inderes.dk/videos/greenmobility-presentation-of-q3-2024-trading-update
Disclaimer: HC Andersen Capital receives payment from GreenMobility for a Digital IR/Corporate Visibility subscription agreement. CEO of HC Andersen Capital, Tue Østergaard, owns shares and is the Chairman of the Board of GreenMobility. /Kasper Lihn 12:00, 14 October 2024.
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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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