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Omnicar Holding AB Q3 2022 report

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Please find attached our Q3 2022 report.

Omnicar remains on track with its growth and expected traction for OmnicarService in 2022.

  • OmniCarService showed growth in third quarter of 2022 with revenue increased by 15% compared to previous quarter of 2022 and 88% YoY.

The lower sale from OmnicarSale compared to our expectations has had a negative effect on our 3Q22 result. We expect this to continue in 4Q22, however, we are convinced that the decision to put the sales activities on hold as previously announced will have a positive effect already in 1Q23 and on our primary objective to achieve positive cash flow in 2023.

Mikkel K. Christensen
Chief Executive Officer
OmniCar Holding AB 
mkc@omnicar.dk

OmniCar Holding AB creates technology solutions that empower the auto industry. The company launched OmniCarService in 2020, Denmark’s first mobile car service platform. As part of this service, the company has developed an industry leading IT system which offers a real time price generator, CRM system, a geo-planning tool, and an integrated parts ordering system.

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