Preliminary Q2 2025 GreenMobility A/S Earnings Call Transcript
Key Points
- GreenMobility AS (FRA:2G9) reported a 29% increase in revenue and a 76% increase in EBITDA for the first half of 2025 compared to the same period in 2024.
- The company has successfully transitioned from an internationalization strategy to focusing on the Danish market, resulting in improved financial performance.
- GreenMobility AS (FRA:2G9) has increased the lower end of its guidance for 2025, indicating confidence in continued growth.
- The company has a strong competitive advantage with a cost-effective business model where customers act as chauffeurs, reducing operational costs.
- GreenMobility AS (FRA:2G9) has seen a positive uptake of new vehicles in the market, surpassing initial expectations.
- The entry of competitors like Bolt and Uber into the Danish market poses a potential risk of a price war, which could impact short-term performance.
- The company remains cautious about overpromising due to past disappointments, leading to a conservative approach in guidance.
- There is uncertainty about the impact of seasonality on the continued growth of vehicle usage.
- The company is not currently pursuing international expansion, which may limit growth opportunities outside Denmark.
- The adoption of self-driving technology is dependent on regulatory approvals, which could delay potential benefits from this innovation.
Welcome to today's event where we have the pleasure to present GreenMobility. To help us through today's presentation, we are joined by CEO, Kasper Gjedsted. Welcome to today presentation H1 preliminary figures, of course, showing a rather good growth, I think. It was 29% on revenue and 76% on EBITDA. I think a lot of companies would be satisfied with that. And of course, also you bumped up your bottom ranges of your guidance range.
And I think I have joked with you that you are in the second year of your strategy period. And that's always the toughest one because the first one, it's not easy. It needs a lot of stuff needs to be done. But the second year is where you need to grow. So something seems to be working. At least if we should look at the share price, I think it's up around 65% year to date. But let's take a little bit deeper into that, as far you can go before we have the full set of H1 results.
As always, you're very welcome to ask questions down in the box down below. We have already had some in, but do feel free to do it. I think we will take a very short
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