GreenMobility: Adjusts its 2023 guidance, no cash effect
Today, GreenMobility announced that the company will restate its fleet accounting and therefore also change its 2023 guidance after a discussion with their auditors. This is only a timing effect with no effect on cash flow and a total zero net financial effect over years.
During the second half of 2023, GreenMobility sold and refinanced a part of its fleet and booked significant profits when comparing book value to market value. This has generated a profit of around DKK 16m. Consequently, the 2023 guidance on net loss for the continuing business is adjusted from between DKK -51m to -46m to between DKK -35m to -25m.
The profit of DKK 16m will instead be booked in the coming years with an expected positive effect of DKK 5m in 2024, which supports the company's goal of being group profitable in 2024. However, with no positive cash effect in 2024. The refinancing has ensured GreenMobility's liquidity and a lower monthly cost on parts of its fleet going forward.
Read the full announcement here: https://www.inderes.dk/releases/restating-fleet-accounting-to-impact-2023-negatively-but-positively-impacting-2024-and-beyond
GreenMobility will report its 2023 annual report on 7 March 2024. Sign up for the management presentation, where you also can ask questions: https://www.inderes.dk/videos/greenmobility-presentation-of-annual-report-2023
Disclaimer: HC Andersen Capital receives payment from GreenMobility for a Digital IR/Corporate Visibility agreement. HC Andersen Capital's CEO Tue Østergaard is the Chairman of GreenMobility and owns shares in the company. /Michael Friis 15:30, 23 February 2024.
GreenMobility
GreenMobility er en dansk virksomhed inden for Mobility-as-a-Service området. GreenMobility driver en delebilsvirksomhed med mere end 1.000 elektriske køretøjer på tværs af større byer i Europa, og stræber efter at vokse dette antal til omkring 10.000 i 2025. Mere end 100.000 mennesker har tilmeldt sig tjenesten, og brugerne har adgang til GreenMobility-bilerne gennem GreenMobility-appen. Med tusindvis af daglige ture hjælper GreenMobility med at reducere trængsel i byer med en klimapåvirkning. GreenMobility er noteret på OMXC Small Cap i Danmark. Aktien blev overført til Nasdaq Main Market i december 2020 fra Nasdaq First North.
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