2023 Annual Report – 25% revenue growth in 2023, expecting group profitability in 2024

Company Announcement no. 147 – 2024 Copenhagen, March 14 th, 20242023 Annual Report – 25% revenue growth in 2023, expecting group profitability in 2024 In 2023, GreenMobility initiated a focus on market consolidation to focus on markets that are profitable or have a clear outlook to become profitable on short-term. Consequently, GreenMobility has closed or is planning to close international markets to focus on its core Danish market where GreenMobility today is a market leader...

Copenhagen C, 14/03/2024 (informazione.it - comunicati stampa - turismo)

Company Announcement no. 147 – 2024
Copenhagen, March 14 , 2024

2023 Annual Report – 25% revenue growth in 2023, expecting group profitability in 2024

In 2023, GreenMobility initiated a focus on market consolidation to focus on markets that are profitable or have a clear outlook to become profitable on short-term. Consequently, GreenMobility has closed or is planning to close international markets to focus on its core Danish market where GreenMobility today is a market leader.

GreenMobility's ambition is to become the first European electric vehicle operator to be profitable and thereby supporting the green transition in mobility. The main focus for 2024 is therefore to reach group profitability, which the management and board is determined to reach.

Key highlights of 2023:

Guidance 2024:
For 2024, we have the following expectations for the GreenMobility group for the continuing business:

Today, the Annual Report for 2023 has been approved by the company's Board of Directors and is publicised as the file “GREENMOBILITY-2023-12-31-en.zip” in compliance with the ESEF regulation. The Annual Report will be presented at the company's Annual General Meeting, taking place on Tuesday 23 April 2024. Simultaneously, the board has approved the company's Remuneration Report 2023 and Sustainability Report (as an integrated part of the 2023 Annual Report). All reports are attached and are also available on GreenMobility's investor site www.greenm.dk

CEO Kasper Gjedsted will present the annual report and plans & guidance for 2024 at a web cast: Friday the 15 of March at 13:00. Sign up for participation, where you can also ask relevant questions: https://www.inderes.dk/videos/greenmobility-presentation-of-annual-report-2023

Contact and further information

Kasper Gjedsted CEO, +45 21 41 80 30: kg@greenmobility.com
Jan Helleskov Head of Communications & PR, +45 31 10 14 08: jhe@greenmobility.com

About GreenMobility
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, through minute packages, on a daily basis or through a subscription. Today, GreenMobility operates a total of 1,500 EVs in Copenhagen, Aarhus & Antwerp. More than 250,000 people are registered as customers at GreenMobility.

Driven by global megatrends, GreenMobility sees a rapidly growing market for carsharing 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 publicly listed for trading on the Nasdaq Main Market Copenhagen in Denmark.

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