Half Year 2025 GreenMobility A/S Earnings Call Transcript
Key Points
- GreenMobility AS (FRA:2G9) reported a 29% increase in revenue, reaching DKK74 million for the first half of 2025.
- The company achieved a 76% improvement in EBITDA compared to the first half of 2024.
- GreenMobility AS (FRA:2G9) turned a profit of DKK6 million, a significant improvement from a loss of DKK24-25 million in the same period last year.
- The company has successfully reduced loan obligations by 19% and lease liabilities by 11%, leading to lower financial expenses.
- GreenMobility AS (FRA:2G9) has become self-sustaining with a strong cash flow, reporting a cash position of DKK8 million in the first half of 2025.
- The company faced a negative bottom line in Q1, which was not disclosed in the Q1 trading statement.
- GreenMobility AS (FRA:2G9) is currently limited to the Danish market after closing international subsidiaries, which may limit growth opportunities.
- The competitive landscape includes significant players like Hyre, owned by the Moller Group, which could pose challenges.
- The company is awaiting legal frameworks for self-driving cars, which could delay potential advancements in this area.
- There is uncertainty regarding the impact of competition from ride-sharing companies like Bolt and Uber on GreenMobility AS (FRA:2G9)'s market.
Welcome to today's event where we have the pleasure to present GreenMobility. To help us through today's presentation, present the results and answer questions in the end, we are joined by CEO, Kasper Gjedsted. In today's presentation, we will cover the H1 report we sent out last week, following also a guidance [upgrade] during the summer. As always, there's a box down below. Do feel free to ask questions.
We will run the presentation and take the questions in the end, but do feel free to fill in questions down there. Also do feel free to do it in Danish I will try and translate to the best of my ability. But for now, I will hand the word over to you, Kasper.
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Thank you very much, Michael. So yeah, after this small disclaimer, just a quick intro to me. For those of you who haven't met me before, I come from the traditional car rental industry. I was very young -- at a very young age, I took Sixt
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