Brief: Donkey Republic Aims For Profitability In 2023, Moderates Growth Ambitions

DonkeyRepublic Holding A/S

29/06/2022 08:16

June 29 (Reuters) - Donkeyrepublic Holding A/S  DONKEY.CO :
    * AIMS FOR PROFITABILITY ALREADY IN 2023 BUT MODERATES
GROWTH
AMBITIONS
    * CONFIRMS GUIDANCE FOR 2022 IN REGARDS TO REVENUE OF EUR 9M
TO
10M, EBIT OF EUR -5M TO -5,5M
    * STILL EXPECTS TO RECEIVE MORE THAN 10.5K BIKES IN 2022
    * FOR 2023 SEES REVENUE OF EUR 13M TO 15M
    * FOR 2023 SEES EBIT MARGIN BETWEEN 0% TO 5%
    * REVISES TOPLINE TARGET FOR 2024 THAT WAS INDICATED IN IPO
PLAN
(EUR 25M TO 30M)
    * WE NOW EXPECT A TOTAL REVENUE OF EUR 17M TO 22M IN 2024
WITH AN
UNCHANGED EBIT MARGIN OF 5 TO 10%
    * WILL REDUCE GROWTH AMBITIONS IN 2023 TO FOCUS ON
PROFITABILITY
    * SAYS PROFITABILITY WILL BE KEY IN COUNTERACTING NEGATIVE
TRENDS
IN CAPITAL MARKETS
    * INITIATES REORGANIZATION TO IMPROVE EFFICIENCY, WHICH
ALLOWS FOR
DEVELOPING FIXED COST ON MORE MODERATE LEVEL THAN STATED IN IPO
BUSINESS PLAN

Source text for Eikon:  ID:nWkr70vZlQ 
Further company coverage:  DONKEY.CO 

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