Movinn: Embracing technology - VH Corp
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• Break-even on EBITDA level for the Swedish operations
• Launch of Movinn.io, an online booking feature
• We maintain our fair value estimate of DKK 7.85 per share
Overall, Movinn reported a positive Q1 slightly above our expectations. The
biggest news for the quarter is that the Swedish operations are breaking even
on EBITDA level, followed by general financial improvements on the group
level. Moreover, Movinn launched an online booking feature, Movinn.io, with an
additional platform called Velocity Pro soon to be launched.
• Launch of Movinn.io, an online booking feature
• We maintain our fair value estimate of DKK 7.85 per share
Overall, Movinn reported a positive Q1 slightly above our expectations. The
biggest news for the quarter is that the Swedish operations are breaking even
on EBITDA level, followed by general financial improvements on the group
level. Moreover, Movinn launched an online booking feature, Movinn.io, with an
additional platform called Velocity Pro soon to be launched.