Strong growth in revenue puts Donkey Republic on track to double their revenue in 2022
Key Performance Indicators Q1 2022Company announcement no. 3 - 2022• Total revenue is 1.0m € in Q1 up 84% from 2021 Q1.Very strong growth of the rider revenue (+179% vs 2021) is driving this performance. As with H2 of 2021, we observe return of visitors in addition to improved local retention. With major subsidized operation (e.g. 1,650 e-bikes in Antwerp) starting later this year plus new bike deliveries scheduled for the summer, Donkey Republic is well positioned to achieve their revenue target of 9-10m € in 2022. • Number of users almost tripled (+179% vs. 2021 Q1) and number of