Preliminary audit of financial statements
Contains inside information
Company announcement No. 03 2023
Adjusted EBIT for 2022 as a consequence of higher cost in connection with delayed bike deliveries.
Preliminary EBIT: The preliminary EBIT for 2022 amounts to EUR -5.4M, which is below the guidance of EUR -4.0M to -4.5M (company announcement no. 12-2022). The reason behind the deviation is that cost related to the delivery of the new bikes, especially in regards to the delay thereof, booked in the P&L is higher than expected. This includes not only higher shipping cost, but also penalties for the delayed delivery of the bikes and an impairment on bikes of a third party manufacturer.
This cost is considered as a one time effect, as it is directly related to the delivery of the current bike order. This adjustment does not have any impact on the guidance given for 2023.
Preliminary Revenue: The preliminary revenue for 2022 is EUR 9.1M slightly higher than previously announced (company announcement no. 01-2023) and in line with guidance of EUR 9 to 10M that was given in the beginning of the year.
Annual report release: The annual report will be released on 31.03.2023 as planned in the financial calendar of the company.
CONTACT INFORMATION ☎
DonkeyRepublic Holding A/S
Skelbækgade 4, trappe B, 4. sal.
1717 København V
www.invest.donkey.bike
investor@donkeyrepublic.com
Subscribe to company announcement at:
https://invest.donkey.bike/donkey-republic-company-news/
Financial and Certified Adviser:
Clearwater International
Andreas Lauth Lauridsen
Dampfærgevej 8, 1. floor
DK-2100 Copenhagen
certified.adviser@cwicf.com
www.clearwaterinternational.com/dk
About Donkey Republic
Founded in 2014, Donkey Republic is a Danish purpose-driven impact company active in the micro-mobility industry. Donkey Republic provides a flexible, affordable and more sustainable way of transportation to the citizens by partnering with the cities.
Donkey Republic is a data driven technology company facilitating bike sharing, and we are able to provide cities and citizens a reliable bike sharing service. Sustainably at its core integrates with the city’s public transportation system, by pursuing innovation Donkey Republic develops end-to-end products and services that solve city and riders problems. Riders are able to enjoy a more convenient and high quality ride, with our bike and ebike fleet, designed for durability and optimal maintenance through our servicing software platform. This collaborative dedicated software solution together with our bikes, seeks to improve people's health & well-being, the environment, reducing traffic congestion across cities as well as public space optimisation.
Donkey Republic is a publicly traded company listed on the Nasdaq First North Growth Market. The company was listed in 2021 to onboard investors and support its growth and expansion into the European Market, and to continue securing its foothold and developing its market position in the European Micro mobility space. With thousands of Donkey bikes successfully implemented, Donkey Republic aims to grow its business and fulfill its vision of making urban city life quality better through responsible bike sharing.