Skip to main content

GreenMobility reaches operational profitability as the first electric carsharing brand

                                                                                                                                                                                Company Announcement no. 62 – 2020
Copenhagen, September 3th, 2020

GreenMobility reaches operational profitability as the first electric carsharing brand  
With a profit of DKK 350,000 before tax for August, GreenMobility’s operation in Copenhagen has reached profitability, following breakeven in July, as the first car sharing company operating only electric vehicles. At the same time the company reports record-high number of active customers, despite the airport and many educational institutions still being closed.Delivering profitable electric car sharing is a key milestone for GreenMobility and proof that car sharing is the sustainable mobility choice for the future. As a frontrunner in the carsharing industry, this milestone strengthens the company’s growth aspirations and plans for further expansion.At the same time, the profitability in Copenhagen also enables GreenMobility to report a combined profit for its operation in Denmark, including Aarhus, which be itself is not profitable yet, but expected within 12 months.Copenhagen will continue to grow and is expected to maintain a profitable run-rate. Based on our success in Copenhagen, we expect that our other operational cities as Aarhus, Malmö and Gothenburg as well as our planned launch in Antwerp, Gent and Helsinki, will become profitable quicker than Copenhagen.GreenMobility continues to have a month-by-month growth in both customers and trips made, and it has become clear that car sharing has become a natural part of everyday life for most people, where many prefer a sustainable solution with EV’s.The success in Copenhagen comes from a dedicated focus on continuously improving the service and upholding a high service level, while optimizing the platform and backend operations.
For further information:Anders Wall, VP Investor Relations GreenMobility, phone: +45 2540 3020, mail: aw@greenmobility.com
GreenMobility A/S, Landgreven 3, 1301 København K, CVR: 35521585, www.greenmobility.com
Certified Advisor
NORDEN CEF ApS
John Norden
Kongevejen 365, DK-2840 Holte
+45 2072 0200
jn@nordencef.dk

GreenMobility offers modern urbanites easy, flexible and sustainable transport in the form of electric, shared city cars. Users have access to these cars via the GreenMobility app. Trips are paid per-minute. Today, GreenMobility operates 400 EVs in Copenhagen; 200 EVs in Malmø and Gothenburg, and 100 cars in Aarhus together with our partner NRGi. More than 75,000 people have signed up with GreenMobility.Driven by global megatrends, GreenMobility sees a rapidly growing market for car sharing in large cities, that demand green transport for their citizens and aim to reduce the number of private cars. GreenMobility’s ambition is to be among the leading global operators of green shared mobility solutions. GreenMobility is listed on the Nasdaq First North GM in Copenhagen.AttachmentGreenMobility reaches operational profitability as the first electric carsharing brand

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.