Omnicar Holding Q1 2021 report

Highlights - On track to monthly guidance of SEK 2,1 mill in revenue from December 2021 (April revenue was SEK 1,35 mill)

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Q1 (2021-01-01 - 2021-03-31)  

• Total revenue and other income SEK 3 395 thousand

• Q1 loss before tax and interest net SEK -2 366 thousand

During Q1 2021 we accelerated our segment of business called OmniCarService (OCS). We saw great momentum and traction during this quarter and in total we generated SEK 1,36 million in revenue for OCS, the comparable number from Q4 2020 was SEK 807.000. 

For Q2 2021 we expect to grow this number to SEK 2,15 million and we expect to continue growing by a minimum of 50%, quarter over quarter during 2021. We see no slowing down of our continuous growth, only acceleration and as a result of this we are confident that we will meet our previously announced revenue guidance with the same growth rate as we have today.

In addition to OCS, we have our SaaS-business which will show a revenue in the range of SEK 2-2,5 million for each quarter during 2021. 

Our services have now reached way above 1 000 customers and with the current pace we are expecting to reach 3 000 customers by the end of 2021. During the recent month we have been fully booked up to 5-7 days in advance. 

We experience huge momentum in our business and all of our monthly KPI numbers are improving month over month. Most importantly is that our customers have rated us with the highest rating in the automotive service category in Denmark and we see 20% of our revenue consisting of returning customers.

We have accounted for all of our development costs regarding the establishment of OCS which is reflected in the profit and loss calculation for Q1. The costs include IT development, van fitting and tools for our third van, website optimization and development along with the launch and marketing campaigns for new areas that we have entered. 

Claus T. Hansen

CEO
cth@omnicar.dk