Correction: Freetrailer Group A/S Q1 Report 2024-2025

A correction has been made to the English version of the Q1 report 2024-2025 in the Group Income Statement. In the original report, the labels for “Other operating income” and “Costs for raw materials and auxiliary materials” (lines 2 and 3) were mistakenly swapped. This error has been corrected in the updated version.

Freetrailer starts the 2024/2025 financial year with a new record number of rentals and revenue growth of 25.5%. At the same time, we achieved an EBITDA of DKK 10.7 million - our best quarterly result to date and an increase of 33.1% compared to the same quarter last year.

High growth in revenue, operating profit and number of rentals 

In the first quarter of the financial year 2024/2025, Freetrailer achieved a revenue of DKK 33.2 million as a result of 422,683 rentals in the quarter, corresponding to an increase in rental activity of 32.8%.

The satisfactory EBITDA result in the first quarter of 24/25 follows our expectations and amounts to DKK 10.7 million compared to DKK 8.0 million in the same period last year - an increase of 33.1%.

The number of rentals continued to increase in Q1 24/25, growing 32.8% in the quarter compared to Q1 23/24. The total number of rentals in the quarter was 422,683 compared to 318,397 last year.

Growth in the rental portfolio

The rental portfolio increased by 140 products in the first quarter. The total portfolio at the end of the quarter totalled 5,007 units.

As of 30 September 2024, Freetrailer has more than 200 rental products on order that are either in production or on their way.

Expectations for 2024/2025

Freetrailer maintains expectations for revenue of DKK 118 - 128 million in the financial year 2024/2025.

Freetrailer maintains expectations for EBITDA of DKK 20 - 24 million in the financial year 2024/2025

Comment from the CEO

"In the first quarter of the financial year 2024/2025, Freetrailer achieved a revenue of DKK 33.2 million as a result of 422,683 rentals in the quarter, corresponding to an increase in rental activity of 32.8%.

The strong first quarter result is in line with our expectations for the financial year and we therefore maintain our guidance for revenue and EBITDA for the financial year.

I am pleased that the growth in our first quarter is based on the development of existing partnerships and the establishment of new partners through our continued international expansion.

Our investment in raising the profile of Freetrailer is bearing fruit. Over the past 12 months, we have increased the number of partners from 120 to 166, representing a growth of more than 38.8%.

The roll-out plan in the Netherlands is progressing as expected and we look forward to launching the first trailers on the market in the first quarter of 2025. ", states CEO at Freetrailer, Nicolai Frisch Erichsen.

Freetrailer Group A/S presents first quarter for the financial period 1 July 2024 to 30 September 2024.

Q1 GROUP KEY FIGURES IN DKK 1,000 (1 July 2024 - 30 September 2024)
(in parentheses is the corresponding period last year)

• Net sales 33,246.8 (26,490.3)
• EBITDA 10,716.2 (8,048.8)
• Profit before tax 10,003.0 (7,423.5)
• Profit after tax 7,699.8 (5,755.7)
• Equity 49,717.2 (35,424.7)
• EPS (Earnings Per Share) 0.81 (0.60)
• Equity ratio 67.2% (62.4%)

FULL YEAR GROUP KEY FIGURES IN DKK 1,000 (1 July 2024 - 30 September 2024)
(in parentheses is the corresponding period last year)

• Net sales 33,246.8 (26,490.3)
• EBITDA 10,716.2 (8,048.8)
• Profit before tax 10,003.0 (7,423.5)
• Profit after tax 7,699.8 (5,755.7)
• Equity 49,717.2 (35,424.7)
• EPS (Earnings Per Share) 0.81 (0.60)
• Equity ratio 67.2% (62.4%)

For more information about Freetrailer Group A/S please contact:

Nicolai Frisch Erichsen, Group CEO
E-mail: nicolai.frisch@freetrailer.com
Phone: +45 26 81 81 28

Briefly about Freetrailer Group A/S

Freetrailer Group is a Danish technology company whose mission is to make it easy to book and borrow a trailer for free via a sharing economy IT platform.

With a 100 per cent self-service solution via the Freetrailer app and the electronic lock, Freetrailer Partners and their customers are given full flexibility.

In August 2024, we launched our strategic plan, Mont Blanc 2027. Over the next three years, we will focus on improving the Freetrailer app, expanding our market share through growth with both existing and new partners, and strengthening our ONE Team culture among employees. The strategy marks an ambitious journey towards growth and innovation.

Facts:
166 business partners
1,297 pick-up points
5,007 trailers
1,382,452 rentals

Today, Freetrailer Group has a scalable business concept based on an innovative IT platform with global potential. Freetrailer Group A/S was listed on Spotlight Stock Market in 2018.

Ticker code: FREETR