Donkey Republic delivers in Q3 record revenue (+25% YoY) on the back of a strong EBITDA (+60% YoY) improvement
Company Announcement No. 12 - 2024*Contains inside information* RevenueDonkey Republic achieved record revenue of DKK 51.0M in Q3, representing a 25% increase year-over-year. This strong performance was driven by a combination of factors, including a larger fleet, increased fleet utilization, and the successful ramp-up of subsidized operations. In the Antwerp area, for example, where around 2,900 bikes are operated, bike utilization significantly improved, demonstrating the growth and impact potential of subsidized operations. EBITDAQ3 EBITDA reached DKK 17.6M, an increase of