Brief: Movinn Q3 EBITDA Margin From Consolidated Operations At 12.4%

Movinn A/S

04/11/2022 07:18

Nov 4 (Reuters) - Movinn A/S  MOVINN.CO :
    * INTERIM REPORT: +29% TOPLINE, PROFITABLE GROWTH & EXECUTION ON INTERNATIONAL EXPANSION.
    * IN Q3 MOVINN HAS REALIZED REVENUE OF 19.44 MDKK - UP FROM 15.1 MDKK IN SAME PERIOD LAST
YEAR -
CORRESPONDING TO A 29% REVENUE INCREASE
    * GROWTH IS DRIVEN BY STABLE DEMAND AND ONGOING GROWTH IN OUR UNIT PORTFOLIO.
    * WE EXPECT TO USE Q1 AND Q2 2023 ON OPTIMIZING ON OUR EXISTING PORTFOLIO.
    * MAINTAINING PREVIOUS GUIDANCE FOR FULL YEAR ON REVENUE AND EBITDA.
    * REVISING GUIDANCE UPWARDS ON UNIT NUMBER.
    * Q3 EBITDA MARGIN FROM DANISH OPERATIONS OF 14.8% (16.1%)
    * Q3 EBITDA MARGIN FROM CONSOLIDATED OPERATIONS OF 12.4% (16.1%)
    * HIGH UNIT NUMBER EXPECTED TO GIVE US AN IMPROVED STARTING POINT GOING INTO 2023

Source text for Eikon:  ID:nWkr6DhfN1 
Further company coverage:  MOVINN.CO 
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