Freetrailer sets quarterly record with 318,397 rentals

In the period July to September, Freetrailer Group A/S set a new record with 318,397 rentals. Saturday, September 30, was also the best day ever in the company's history in terms of number of rentals with 5,786 rentals.

In Q1, the sharing economy service Freetrailer Group A/S set a new quarterly record in the number of rentals. In the period July, August and September, the company's trailers and electric cargo bikes were rented a total of 318,397 times. This corresponds to a growth of 33% percent compared to the same period last year. During the three months, Freetrailer launched a total of 521 new trailers, bringing the total number of trailers and cargo bikes to 4,147.

Saturday, September 30, also stood out positively. With 5,786 rentals, it was the best rental day ever in the company's 19-year history. This is an increase from the previous record of 5,152 rentals, which was set on September 23rd of this year.

"Our latest performance is extremely encouraging and reflects the growing interest in our rental products in Denmark, Norway, Sweden and Germany. A key factor in our success is the implementation of a significant fleet expansion with numerous new trailers and cargo bikes now available to our customers. At the same time, we have sharpened our focus on improving the user experience, making it even more simple and intuitive for our customers to rent our products," says Nicolai Frisch Erichsen, Group CEO.

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 percent self-service solution via the Freetrailer App and the electronic lock, Freetrailer's Partners and their customers are given full flexibility, and today more than five million people have made use of Freetrailer's service.

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

Facts:

+100 partners
+1.000 pick-up points
+4,100 trailers
+975,000 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