Cabonline releases Business Update

Cabonline Group Holding AB (publ) (the "Company") releases a Business Update including full-year 2021 forecast and travel volume performance, as communicated in the press release as of Tuesday 21 September 2021.

The Company has seen a continuation of positive development in recent months with increased demand in all customer segments.

“Due to the increased demand, we have a positive view of the development ahead given that the opening of society continues”, says Dag Kibsgaard-Petersen, President and CEO of Cabonline Group.

Note: Rolling 4-week average includes Sweden (except for region Mid and Taxi Väst) and Norway

The Company expects Adjusted EBITDA for the full year 2021 of approximately MSEK 310.

In the interim report April-June 2021, the Company announced that the principal owner H.I.G, the Board of Directors and the management have initiated a strategic review of the Company's future, financing and development and has also engaged external advisors to support in this process. The strategic review is progressing according to plan.

The press release is available on Cabonline's website cabonlinegroup.com/en

For further information, please contact:
Dag Kibsgaard-Petersen, CEO, tel. + 47 400 11 981, dag.kibsgaard-petersen@cabonline.com
Petter Lindkvist, CFO, tel. +46 70 831 25 50, petter.lindkvist@cabonline.com

This information is information that Cabonline Group Holding AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 08:00 CET on September 24, 2021. 

About Cabonline Group
Cabonline is the leading taxi company in the Nordic region with 2,500 connected transporters and approximately 4,300 vehicles in Sweden, Norway, Finland and Denmark. Cabonline contains a series of well-known brands, such as Flygtaxi, TaxiKurir, Norgestaxi, TOPCAB, Kovanen, Taxi Skåne, Taxi Väst, Umeå Taxi, Sverigetaxi and Taxi 4x27. Through Cabonline, transporters have access to attractive customer agreements, support from industry-leading technological development and utilization of economies of scale, efficient service and shared infrastructure. The Group revenue in 2020 was approximately 4.2 billion. For further information: cabonlinegroup.com/en