Freetrailer delivers 46.8% growth in rental activity in Q3

Freetrailer Group A/S achieved 287,222 rentals in the period January to March, which corresponds to an increase of 46.8% compared to the same period last year. With 114,458 rentals in March alone, Freetrailer set a new record for the number of rentals in a single month.

Despite bad weather during the Easter period, the rental data confirms that Freetrailer users have embraced the concept. With 31,672 rentals in week 13, a new weekly rental record was set. The rental rate hit 97 per cent for the week. The previous record was 29,071 rentals, set in week 31, 2023.

The reason for the significant growth in the number of rentals is due to an optimised product mix and strengthening of the service team. A service team that ensures that the trailers are always ready and well maintained at Freetrailer's partners.

Freetrailer Group A/S has experienced a 46.5% growth in the number of rental units over 12 months, increasing from 3,195 units (31 March 2023) to 4,681 at the end of the third quarter.

By the end of June, Freetrailer expects a total of more than 4,750 rental units on the road in the company's four markets.

Freetrailer invests in future growth

"The great rental figures of recent months, together with the interest from new partners and opportunities for expansion with existing partners, have given the Freetrailer team continued optimism about the potential of the concept.

After an extensive transformation of Freetrailer's business in 2023, where we became more data-driven and scalable, 2024 will be a year where we invest in new cities and an improved technological platform," says Nicolai Frisch, Group CEO of Freetrailer.

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

About Freetrailer Group A/S in brief

Freetrailer Group is a Danish technology company whose mission is to make it easy to book and rent a trailer for free via a sharing economy IT platform. With a 100% self-service solution via the Freetrailer App and the electronic lock, Freetrailer Partners and their customers are given full flexibility, and today more than five million people have used the Freetrailer service.

Freetrailer is working with a two-part growth plan, where strengthening the existing domestic markets is one leg and further internationalisation of the concept is the other.

Facts:

+125 partners
+1,100 pickup locations
+4,500 trailers
+1,050,000 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