DonkeyRepublic Holding (DONKEY) H1 2022 earnings summary

Executive summary

• Q2 revenue reached EUR 2.2m, up 96% YoY; H1 revenue was EUR 3.2m, keeping the EUR 9m–10m FY target in view.

• MaaS rider and subsidized-operation revenue drove growth, while SaaS hardware sales remained below expectations.

Financial highlights

• Q2 total revenue was EUR 2.2m, up 96% YoY; H1 revenue was EUR 3.2m.

• Q2 revenue is unaudited; no net income, operating income, EBITDA or EPS figures were included in the reported KPIs.

Outlook and guidance

• FY 2022 revenue target remains EUR 9m–10m; H1 performance was described as on track to achieve it.

• H1 MaaS revenue trends were expected to continue; H2 bike deployments and the start of large subsidized operations in Antwerp and Turku were expected to support growth.