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.
GreenMobility
GreenMobility operates in the automotive industry. The business is focused on manufacturing electronic vehicles specially adapted for city traffic. The company's cars are rented out and booked via an app where customers can use the car within a pre-selected limited area, and then return the car at the allotted time and place to the next driver. The largest presence is found in Denmark's major cities. The company was founded in 2016 and is headquartered in Copenhagen.
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