Freetrailer Reports Strong Q2 Growth and Raises Guidance
Freetrailer Group A/S showcases impressive rental and revenue growth in Q2 24/25, prompting an upward revision of their financial guidance.
Sammanfattning
Freetrailer Group A/S has reported a strong Q2 24/25 with rental growth of 23% and revenue increase of 12.1%. The company raises its revenue and EBITDA guidance for the year.
Freetrailer Group A/S has announced robust results for the second quarter of the 24/25 financial year, highlighting a significant increase in both rentals and revenue. The total number of rentals in Q2 reached 335,016, marking a 23% growth compared to the same quarter last year. This upward trend is mirrored in the first six months of the year, with rentals hitting 757,699, reflecting a 28.2% increase year-on-year.
The financial performance is equally impressive, with Q2 revenue climbing to DKK 28.4 million, a 12.1% rise compared to the previous year. For the first half of the financial year, revenue totals DKK 61.6 million, representing a 19% increase. This growth is attributed to strategic initiatives including expansion in Germany and an upcoming launch in the Netherlands.
The company's operating profit (EBITDA) also saw an improvement, standing at DKK 3.6 million for Q2 24/25, slightly up from DKK 3.5 million in the same period last year. More notably, the first six months' EBITDA reached DKK 14.4 million, up from DKK 11.6 million, demonstrating strong operational efficiency.
Profit before tax for Q2 24/25 was DKK 2.9 million, compared to DKK 2.5 million in the previous year, while the six-month figure rose to DKK 12.9 million from DKK 9.9 million. These results have led Freetrailer to raise its revenue guidance for the full financial year to DKK 123 – 128 million, up from the previous lower bound of DKK 118 million. EBITDA guidance has also been increased, now expected to range between DKK 23 – 28 million.
CEO Nicolai Frisch expressed optimism about the company's trajectory, citing a 62.5% growth in user-generated revenue in Germany and plans to enter the Dutch market with 130 trailers. This expansion is expected to sustain the company's growth momentum.
Given the strong financial performance and strategic expansions, investors might consider holding their positions in Freetrailer. The company’s ability to consistently grow its rental base and revenue, coupled with its strategic market expansions, suggests a promising outlook.
Källa
Sammanfattning
Freetrailer Group A/S reported a significant increase in rentals and financial performance for the first half of the financial year 24/25. Rentals for Q2 reached 335,016, a 23.0% growth compared to the previous year, with the first six months totaling 757,699 rentals, a 28.2% increase. Revenue for Q2 was DKK 28.4 million, up by 12.1%, while the first half-year revenue rose by 19.0% to DKK 61.6 million. Operating profit (EBITDA) for Q2 was DKK 3.6 million, slightly higher than the previous year, and for the first six months, EBITDA increased to DKK 14.4 million from DKK 11.6 million. Profit before tax for Q2 was DKK 2.9 million, and for the first half-year, it was DKK 12.9 million, both showing growth from the previous year. Freetrailer has raised its revenue expectations for the 24/25 financial year to DKK 123 – 128 million, anticipating a growth of 16 – 21%. The company also increased its EBITDA guidance to DKK 23 – 28 million, reflecting a growth of 20 – 46% compared to 23/24. The CEO highlighted strong growth in Germany and plans to launch in the Netherlands with 130 trailers in March 2025. Key financial figures for Q2 include a net revenue of DKK 28.4 million, EBITDA of DKK 3.6 million, and profit before tax of DKK 2.9 million. For the first six months, net revenue was DKK 61.6 million, EBITDA was DKK 14.4 million, and profit before tax was DKK 12.9 million. Equity stood at DKK 52.2 million, with an equity ratio of 72.2%.
