Freetrailer Group (FREETR) KapitalForum 2026 summary

Platform and scale

• Founded in 2004, the app-based, self-service rental platform operated in 5 countries, with 2,199 locations and 323 retail brand partners as of June 30, 2026.

• More than 1.8m rentals per year and 1.3m+ app users; the model connects distributed partner fleets with nearby demand and balances supply, utilization and availability.

Growth and operating performance

• Revenue increased from DKK 89m in 2023 to DKK 144m in 2025; 2026F revenue was DKK 178-185m, with rentals forecast at 2.0-2.1m.

• Growth has mainly come from a larger active trailer fleet at fairly constant rental frequency; the 2025 fleet reached 6,381, with 1.665m bookings.

• Q2 2026 rentals rose 22.3% YoY to 559,333 and rental products in operation rose 23.7% to 7,268; utilization was 87.8%, down 0.8pp YoY.

• Q2 2026 net revenue rose 26.0% YoY to DKK 49.95m, while EBIT fell 19.8% to DKK 8.78m and profit before tax fell 18.7% to DKK 7.56m.

2026 guidance and capital allocation

• 2026 net revenue guidance increased to DKK 178-185m, or 24-28% growth, from DKK 168-178m; EBIT guidance rose to DKK 27-32m, or a 16-17% margin, from DKK 20-30m.

• Strong trailer rollout supported the revenue increase and strong high-season performance supported the EBIT revision; costs include DKK 4.5m in one-off costs and growth-supporting investments.

• A share buyback of up to DKK 20m runs from August 31 through December 2026 to optimize capital structure and cover warrant programs.

• The investment case cited ~DKK 40m cash, no other debt and annual free cash flow of ~DKK 25m.