Movinn Sverige AB signs 25 new units in Malmö (SE)
Today, Movinn has signed on 25 units in Malmö and is ready for a full lanch in the region.
Company Announcement no. 15
30 May 2022, 14.12 CET
This company announcement contains inside information.
Copenhagen, Denmark - Movinn Sverige AB has signed 25 units in Malmö making us ready to do a full-scale launch in the region. The units will be put into operations in June and will be ready to service local and international clients in July and August. After an expected succesfull launch of the current portfolio, we expect to organically grow our presence at a pace that matches demand as best as possible.
The total unit number in Sweden is now 35, making the launch target from earlier guidance of between 30 and 40 units accomplished. It is an important milestone for Movinn, as it is directly in line with our long term strategy and the "going-alone" implementation of that strategy.
We maintain our guidance for the full year as earlier communicated to the market.
Contacts
Patrick Blok
CEO, Movinn A/S
pb@movinn.dk
+45 28940879
Certified Advisor
Per Lönn
Västra Hamnen Corporate Finance AB
ca@vhcorp.se
+46 40 200 250
About Movinn
Founded in October 2014, Movinn A/S has grown to become one of Denmark's leading providers of fully serviced apartments, operating within the PropTech industry and delivering space-as-a-service to mainly large domestic and international corporations and organizations. To stay at the forefront of trends in the real estate and serviced living industry - and to diversify activities - the company has created a house of brands that cover both traditional and emerging client segments.
Inhouse, the company has created a highly integrated value chain and comprehensive tech-products (several software platforms & IoT hardware) to help provide the best possible service and quality to the company's clients and to help scale profitable growth. Movinn has a strong presence in Denmark, covering Aarhus, Odense and Copenhagen (the latter being the largest and primary market), and the company is planning to expand its operations into new European destinations.
Movinn A/S has received approval for admission to trading of its shares on Nasdaq First North Growth Market Denmark under the ticker “MOVINN”.