Donkey Republic aims for profitability already in 2023 but moderates growth ambitions
Company Announcement No. 8 2022 · Despite growing economic uncertainty and increasing cost, 2022 guidance remains valid, driven by strong growth of rider business and start of large subsidized operations. · For 2023 positive revenue trends will continue and are expected to cover a more lenient HQ organization to turn Donkey Republic profitable and cash-generating, one year ahead of IPO plan. · Increasing pressure on the supply chain and uncertain market environment, especially in regards to debt availability, makes a downward adjustment of the growth ambition for 2024 necessary.