Donkey Republic realises 125% year-on-year revenue growth in Q1-2023 compared to Q1-2022.
Company announcement No. 12 - 2023 With 17.3M DKK of revenue in Q1-2023 (up 125% from Q1-2022) Donkey Republic realises strong revenue growth.Main growth driver are the ramped-up and subsidized operations in Antwerp and Kiel Region. Additionally, a larger bike fleet across many cities further had a positive impact on the revenue in Q1-2023 compared to the same period last year. • EBITDA improvement of 51% in Q1-2023 vs. Q1-2022.Positive development is due to higher revenue and also due to lower than expected penalty for late deliveries of bikes. • Bike fleet renewed and increased