Freetrailer reports 34% growth in rental figures in Q2
Freetrailer Group A/S achieved 272,441 rentals in the period October to December, which corresponds to an increase of 34.6% compared to the same period last year. With 4,530 rental products across 1,118 locations, Freetrailer is heading strongly into 2024.
The sharing economy service Freetrailer Group A/S has experienced growth from 3,067 to 4,530 rental products in the last 12 months, an increase of more than 47%. This significant growth in the number of new partners, locations, and rental products has been a key factor in the impressive rental figures for Q2.
115 new trailers on order
Freetrailer has entered into agreements for 115 trailers with delivery in Q3. This positions Freetrailer to achieve its ambitious goal of having more than 4,600 rental products in the market by June 30, 2024.
Freetrailer looks towards 2024 with great optimism
“The launch of MobilePay, enhanced user experience, and continuous growth in the number of rental products have been key drivers of Freetrailer's growth in the first half of the fiscal year 2023/24, where we achieved a total of 590.836 rentals. We have developed an ambitious plan for the further development of our booking platform in 2024, which will optimize our service for both partners and customers. With this foundation, we are looking towards 2024 with great optimism,” says Nicolai Frisch Erichsen, 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
+ 1,000,000 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