Freetrailer Group A/S presents quarterly report Q4 2023/2024

The fourth quarter of the financial year 2023/24 for Freetrailer shows a growth in revenue of 53.9%, a growth in EBITDA of 168.9% and a growth in rentals of 47.7%.

High growth in revenue, operating profit and number of rentals  

Revenue in the fourth quarter of the 23/24 financial year totalled DKK 31.7 million, corresponding to an increase of 53.9% compared to the same period last year.  

For the full financial year, revenue totalled DKK 105.9 million. This corresponds to an increase of 41% compared to the same period last year. 

Operating profit EBITDA in the fourth quarter of 23/24 totalled DKK 6.2 million compared to DKK 2.3 million in the same period last year - an increase of DKK 3.9 million.

The positive development in the number of lettings continued in Q4, and the growth for the quarter was 47.7% compared to Q4 22/23. The total number of lettings in the quarter was 400,106 compared to 270,807 last year. 

Growth in the rental portfolio 

The rental portfolio continued to grow in the fourth quarter, with an additional 186 products added during the period. The total portfolio at the end of the quarter totalled 4,867 units. 

As of 30 June 2024, Freetrailer has more than 275 rental products on order that are either in production or on their way.

Expectations for 2024/2025

In the financial year 2024/2025, Freetrailer expects revenue of DKK 118 - 128 million.

Freetrailer expects an EBITDA of DKK 20 - 24 million in the financial year 2024/2025.

Comment from the CEO

"In Q4 23/24, Freetrailer delivered a turnover of DKK 31.7 million, corresponding to a growth of 53.9% compared to Q4 22/23. A result that far exceeded our own expectations. The strong finish to the year means that we can present a result better than our expectations.

Freetrailer has entered the financial year 2024/25 strongly. In July, we broke a new rental record with 154,760 rentals (114,041 rentals in July 2023) and seen for the period July and to September 2024, we are looking at an increase in rentals of approx. 30% compared to the same period in 2023", says Freetrailer CEO Nicolai Frisch Erichsen.

Freetrailer Group A/S reports for the full financial year from 1 July 2023 to 30 June 2024.

Q4 GROUP KEY FIGURES IN DKK 1,000 (1 April 2024 - 30 June 2024)
(in parentheses is the corresponding period last year)

• Net sales 31,719.7 (20,614.5)
• EBITDA 6,201.5 (2,305.9)
• Profit before tax 4,770.3 (1,225.0)
• Profit after tax 3,646.6 (920.2)
• Equity 42,017.4 (29,669.0)
• EPS (Earnings Per Share) 0.38 (0.10)
• Equity ratio 64.2% (64.9%)

FULL YEAR GROUP KEY FIGURES IN DKK 1,000 (1 July 2023 - 30 June 2024) 
(in parentheses is the corresponding period last year)

• Net sales 105,926.7 (75,104.8)
• EBITDA 19,155.5 (8,113.9)
• Profit before tax 15,619.6 (5,654.2)
• Profit after tax 11,956.7 (4,174.7)
• Equity 42,017.4 (29,669.0)
• EPS (Earnings Per Share) 1.25 (0.44)
• Equity ratio 64.2% (64.9%)