DonkeyRepublic Holding A/S

DONKEY

DK0061540770

Software

Market Closed - Nasdaq Copenhagen Other stock markets 05:59:44 2024-05-01 am EDT			5-day change	1st Jan Change
6.55 ^DKK	-2.96%		-1.50%	+24.76%

Apr. 19	DonkeyRepublic Holding A/S Reaffirms Earnings Guidance for the Year 2024	CI
Mar. 15	DonkeyRepublic Holding A/S Reports Earnings Results for the Full Year Ended December 31, 2023	CI

Donkey Republic records revenue of DKK 20.6M in Q1-2024, showing a solid revenue growth of 19%, positive EBITDA trends and reaffirmation of 2024 guidance

April 19, 2024 at 02:44 am EDT

Company Announcement No. 8 - 2024

Revenue
Rider revenue growth in Q1-2024 aligns with expectations and guidance. This growth is fueled by both a larger fleet and higher revenue per bike, and is further bolstered by an expanding portfolio of city contracts compared to Q1-2023.

EBITDA
EBITDA in Q1-2024 outperformed Q1-2023 by DKK 0.7M if a one-time benefit in Q1-2023 is excluded, this effect is from a lower-than-expected penalty resolution on delayed bike deliveries in Q1-2023. The improvement is due to strong revenue growth that has more than offset any fixed cost increases over the last year.

Guidance
Positive Q1-2024 results support our previously issued 2024 guidance:

Revenue of DKK 135M to 160M
EBITDA of DKK 15M to 30M
EBIT of DKK 0 to 5M

Events after the period

Donkey republic completed an oversubscribed private placement of DKK 22.4M in April 2024
This private placement was supported by existing investors including EIFO and Bankinvest. The successful private placement is testament to the existing investors' continued commitment to the company's strategy to achieve growth at sustainable margins. The private placement is carried out after a successful 2023 with the pursuit of positive EBIT of DKK 0M-5M in 2024.

Completing a capital raise aligns with the company's strategic goals outlined in the 2023 annual report, where it signaled intentions to explore capital-raising opportunities to bolster B2G growth initiatives through long-term contracts with cities beyond 2024. The newly secured funds are intended to strengthen the company's balance sheet, positioning it to capitalize swiftly on market opportunities that are expected to drive growth in 2025 and beyond through healthy long term contracts with cities.

KEY PERFORMANCE INDICATORS Q1-2024 (01 January 2024 - 31 March 2024)

Metric	Total for Q1-2024	Compared to Q1-2023
Total Revenue	DKK 20.6M	+19%
EBITDA	DKK -6.6M	N/A
Monthly revenue per bike	335	+10%
Riders	127k	+52%
Trips	1M	+32%
Fleet size (active bikes)	22k	+13%
CO2 savings	81 tons	+24%

CONTACT INFORMATION
DonkeyRepublic Holding A/S
Skelbækgade 4, trappe B, 4. sal.
1717 København V
www.invest.donkey.bike

Niels Henrik Rasmussen, CEO
investor@donkeyrepublic.com

Certified Adviser
Grant Thornton Denmark,
Direct (+45) 35 27 50 11

Subscribe to the company announcements at:
https://invest.donkey.bike/donkey-republic-company-new

About Donkey Republic
Founded in 2014, Donkey Republic is a Danish purpose driven impact company active in the micro mobility industry. Donkey Republic provides a flexible, affordable and more sustainable way of transportation to the citizens by partnering with the cities.

Donkey Republic is a data driven technology company facilitating bike sharing, and we are able to provide cities and citizens a reliable bike sharing service. Sustainably at its core integrates with the city's public transportation system, by pursuing innovation Donkey Republic develops end-to-end products and services that solve city and riders problems. Riders are able to enjoy a more convenient and high quality ride, with our bike and ebike fleet, designed for durability and optimal maintenance through our servicing software platform. This collaborative dedicated software solution together with our bikes, seeks to improve people's health & well-being, the environment, reducing traffic congestion across cities as well as public space optimisation.

Donkey Republic is a publicly traded company listed on the Nasdaq First North Growth Market. The company was listed in 2021 to onboard investors and support its growth and expansion into the European Market, and to continue securing its foothold and developing its market position in the European Micro mobility space. With thousands of Donkey bikes successfully implemented, Donkey Republic aims to grow its business and fulfill its vision of making urban city life quality better through responsible bike sharing

https://news.cision.com/donkey-republic/r/donkey-republic-records-revenue-of-dkk-20-6m-in-q1-2024--showing-a-solid-revenue-growth-of-19--posit,c3964101

https://mb.cision.com/Main/20474/3964101/2744265.pdf

Latest news about DonkeyRepublic Holding A/S

DonkeyRepublic Holding A/S Reaffirms Earnings Guidance for the Year 2024	Apr. 19	CI
DonkeyRepublic Holding A/S Reports Earnings Results for the Full Year Ended December 31, 2023	Mar. 15	CI
DonkeyRepublic Holding A/S Provides Earnings Guidance for the Fiscal Year 2024	Mar. 15	CI
Donkey Republic Wins DKK9 Million Bike Share Contract in Germany	Nov. 17	MT
Donkey Republic Wins Long Term Contract in Hannover and Expands Foothold in the Strategic German Growth Market	Nov. 17	CI
DonkeyRepublic Holding A/S Revises Earnings Guidance for the Fiscal Year 2023	23-10-24	CI
DonkeyRepublic Holding A/S Reports Earnings Results for the Half Year Ended June 30, 2023	23-08-25	CI
DonkeyRepublic Holding A/S Provides Earnings Guidance for the Year 2023	23-08-25	CI
DonkeyRepublic Holding A/S announced that it expects to receive DKK 18.599999 million in funding	23-07-04	CI
2,019,028 Ordinary Shares of DonkeyRepublic Holding A/S are subject to a Lock-Up Agreement Ending on 26-MAY-2023.	23-05-25	CI
Donkeyrepublic Holding A/S Provides Earnings Guidance for 2023 and 2024	23-04-19	CI
DonkeyRepublic Holding A/S Reports Earnings Results for the Full Year Ended December 31, 2022	23-03-31	CI
Donkeyrepublic Holding A/S Provides Earnings Guidance for the Full Year 2023	23-03-31	CI
DonkeyRepublic Holding A/S Auditor Raises 'Going Concern' Doubt	23-03-30	CI
1,080,348 Ordinary Shares of DonkeyRepublic Holding A/S are subject to a Lock-Up Agreement Ending on 26-FEB-2023.	23-02-25	CI
DonkeyRepublic Provides Revenue Guidance for the Full Year 2023	23-01-11	CI
DonkeyRepublic Announces Revenue Results for the Fourth Quarter of 2022	23-01-11	CI
DonkeyRepublic Holding A/S Provides Earnings Guidance for Third Quarter of 2023 and Full Year 2023	23-01-09	CI
Donkey Republic Signs an Agreement for Deploying 700 Pedal Bikes and 80 E-Bikes in the Region of Kiel, Germany	22-11-29	CI
1,080,349 Ordinary Shares of DonkeyRepublic Holding A/S are subject to a Lock-Up Agreement Ending on 26-NOV-2022.	22-11-25	CI
Donkeyrepublic Holding A/S Appoints Marion Galan Alfonso as Employee Representative in the Board of Directors	22-10-25	CI
DonkeyRepublic Holding A/S Elects Erdem Ovacik as New Member of the Board of Directors	22-10-24	CI
DonkeyRepublic Holding A/S Appoints Morten Nybye-Petersen as COO, Effective 1 November 2022	22-09-30	CI
Donkey Republic Announces New Partnership to Solve Commuting Challenges and Congestion on the Roads	22-09-28	CI
Donkeyrepublic Holding A/S Decides to Bring in New Management	22-09-05	CI

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Company Profile

Donkeyrepublic Holding A/S is a Denmark-based supplier of end-to-end bike-sharing solutions. The core of the Company is the self-developed software that DonkeyRepublic offers cities and local partners. The software is a fully integrated turn-key solution, and it includes software for bicycles, operations and support services. The Company is expanding across Europe and consists of a fleet of over 13,000 bikes. It also offers a Mobility-as-a-Service (MaaS) and licenses its platform to partners in over 60 cities. Donkeyrepublic Holding A/S has seven subsidiaries: DonkeyRepublic Bike ApS, Donkey Republic Hungary Kft, DonkeyRepublic GmbH, DonkeyRepublic Bike ApS, Smart Cycles SLA, DonkeyRepublic NL and DonkeyRepublic NL BV.

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