Freetrailer Group (FREETR) Q1 24/25 earnings summary

Executive summary

• Achieved record Q1 results with revenue up 25.5% year-over-year to DKK 33.2 million and EBITDA up 33.1% to DKK 10.7 million, driven by a 32.8% increase in rentals across all markets.

• 12-month rolling rentals reached 1,382,452, a 40.0% year-over-year increase, with Norway leading market growth at 57.0%.

• Strategic partnerships expanded, including Silvan, jem & fix in Sweden, and JYSK in Germany; rollout in the Netherlands planned for Q1 2025.

• Liquidity reserve of DKK 40.0 million supports ongoing investments and expansion initiatives.

Financial highlights

• Net revenue for Q1 2024/2025: DKK 33.2 million, up 25.5% year-over-year and 4.8% sequentially.

• EBITDA: DKK 10.7 million, up 33.1% year-over-year; EBITDA margin improved to 32.2%.

• Profit before tax: DKK 10.0 million, up from DKK 7.4 million in Q1 2023/2024.

• EPS: 0.81, up 34.3% from 0.60 in Q1 2023/2024.

• Equity increased 40.3% year-over-year to DKK 49.7 million; equity ratio at 67.2%.

Outlook and guidance

• Revenue guidance for 2024/2025 maintained at DKK 118–128 million; EBITDA expected between DKK 20–24 million.

• Continued focus on IT platform, marketing, sales, and team culture under Mont Blanc 2027 strategy.

• Investments in growth initiatives and new headquarters to support expansion.