Half Year 2026 Greenmobility A/S Earnings Call Transcript
Key Points
- GreenMobility AS (FRA:2G9) reported a 19% increase in EBITDA, indicating improved operational efficiency.
- The company has successfully maintained flat depreciation costs due to an unchanged fleet size compared to the first half of 2025.
- Financial expenses have decreased, driven by a reduction in debt.
- The equity ratio improved from 22% to 27%, enhancing financial stability and flexibility.
- The company is actively working on introducing autonomous driving technology, aiming to be among the first in Denmark with full autonomous vehicles.
- Revenue growth was only 4%, which did not meet expectations due to temporary headwinds.
- Delays in fleet expansion due to global supply chain disruptions, particularly affecting car deliveries from South Korea.
- New platform features have been postponed, impacting potential revenue growth.
- Local road closures in key revenue areas like Copenhagen have negatively impacted earnings.
- Increased competition from new taxi operators and car-sharing companies could create market disturbances.
Welcome to today's presentation where we have the pleasure to present GreenMobility. The occasion for today's events is of course your H126 results. You were also out warning a little bit on the topline of guidance but kept your earnings guidance earlier in the week and Thursday we had the results. So that will be the topic for today.
To help us through today's presentation and answer questions in the end, we are joined by CEO Kasper Gjedsted. As always, there's a box down below, ask questions, do it during the event, after the event, do it in Danish or in English. I will try and translate to the best of my ability in Danish.
But I think that was a step for me. I will leave the stage to you, Kasper.
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Thank you very much, Michael. So for the ones who don't know GreenMobility, we are a car sharing car rental company. And we have around 1,500 vehicles in our fleet. We are in Aarhus and Copenhagen. The
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