Brief: Helbiz Announces Discontinuation Of Operations In Non-Profitable Markets

micromobility.com

17/01/2023 18:35

Jan 17 (Reuters) - Helbiz Inc  HLBZ.O :
    * HELBIZ ANNOUNCES DISCONTINUATION OF OPERATIONS IN
NON-PROFITABLE
MARKETS
    * HELBIZ INC - DISCONTINUING OPERATIONS IN NON-PROFITABLE OR
CASH-POSITIVE MARKETS BY SPRING 2023
    * HELBIZ INC- HAS ALREADY INITIATED PROCESS OF EXITING THESE
MARKETS ON A GLOBAL LEVEL, WITH 90% OF EXITS ALREADY COMPLETED
    * HELBIZ INC - HELBIZ IS ALSO ACTIVELY SEEKING NEW MARKETS
IN
WHICH TO EXPAND AND GROW SUSTAINABLY
    * HELBIZ-IN MARKETS WHERE CO,WHEELS HAD SIGNIFICANT USER
BASE BUT
NOT ON PATH TO ACHIEVE PROFITABILITY, TO IMPLEMENT WHEELS'
LONG-TERM RENTAL PROGRAM
    * HELBIZ INC - ACTIVELY SEEKING NEW MARKETS IN WHICH TO
EXPAND AND
GROW SUSTAINABLY

Source text for Eikon:  ID:nBw9hlKSYa 
Further company coverage:  HLBZ.O 
 ((Reuters.Briefs@thomsonreuters.com;))