DonkeyRepublic Holding A/S Provides Earnings Guidance for the Year 2022, 2023 and 2024
For 2023 the company expects a revenue of 13 million to 15 million with an EBIT margin between 0% to 5% and to run an overall cash generating business. This expectation is based on the completion of current advanced debt raising negotiations and the above mentioned delivery of all the ordered bikes in the second half of 2022.
Based on outlook for 2023 the company also revised the topline target for 2024 that was indicated in IPO plan (EUR 25 million to 30 million). The company now expects a total revenue of 17 million to 22 million in 2024 with an unchanged EBIT margin of 5 to 10%. This forecast is depending to a large extent on the overall supply chain situation and availability of debt financing in 2023.