OmniCar Holding AB: Omnicar Holding Q1 2022 report

Report this content

Dear shareholders

I am pleased to present to you our Q1 report and to emphasise once again that we are adhering to our ambitious growth plan of making life easier for car owners throughout Denmark day by day - attached our Q1 2022 report and below som of our achieved milesstones

Significant milestones achieved during Q1 2022:

  • 80% total revenue growth from Q1 2021 to Q2 2022
  • 170% revenue growth on service business from Q1 2021 to Q1 2022
  • Still rated Denmark’s best workshop (based on more than 1,600 ratings)
  • More than 6,500 vehicles serviced
  • Nationwide coverage
  • State of the art IT platforms successfully launched
  • Mekonomen Group became a new key investor with 20% ownership
  • 42% return customers
  • Delivered on the promise of double-digit growth from quarter to quarter
  • A total investment of more than 2.5 mill in service vans, IT systems, Omnicarsale platform and new employees during Q1 2022

For Q2 2022 we are proud to announce the following figures:

  • Successful launch of Omnicarsale with 10 cars sold during May
  • Total guidance for Q2 2022 is +250% revenue growth compared to Q1 2022
  • Guidance for service business in Q2 2022 is 25% growth compared with Q1 2022
  • The customer acquisition cost is less than DKK 500 per car sold
  • Margins on cars sold are above those prevailing in the industry (Cazoo/Carvana)

Best regards

Claus T. HansenChairman of the board