Freetrailer Group (FREETR) Q2 24/25 earnings summary

Executive summary

• Freetrailer is evolving into a scalable, tech-driven mobility platform, now Europe's largest for trailer and cargo bike rentals, with 1.38 million annual users and 1,445,027 rentals in the last 12 months, up 36.7% year-over-year.

• Expansion into Germany and the Netherlands, strategic partnerships with over 165 brands at 1,295+ locations, and a new in-app advertising revenue stream are fueling growth.

• The Mont Blanc 2027 strategy targets market leadership in mobility IT platforms, focusing on technology, team culture, and marketing.

• Announced launch in the Netherlands in March 2025 with over 100 trailers and key partners, including IKEA Delft.

• Won Børsen Gazelle Award for the 9th time, and for the second year in a row in Sweden and Norway.

Financial highlights

• Net revenue for Q2 2024/2025 was DKK 28.4 million (up 12.1% year-over-year); H1 net revenue DKK 61.6 million (up 19.0%).

• EBITDA for H1 2024/2025 was DKK 14.4 million, with a margin of 23.3%.

• Profit before tax for H1 was DKK 13.0 million; annual profit for Q2 YTD was DKK 9.7 million.

• EPS for H1 2024/2025 was 1.02, up 27.1% year-over-year.

• Cash and cash equivalents at period end: DKK 39.1 million.

Outlook and guidance

• Raised full-year 2024/2025 guidance: revenue DKK 123–128 million (previously DKK 118–128 million), EBITDA DKK 23–28 million (previously DKK 20–24 million).

• Expects over 1.5 million rentals and 5,700 rental products in the market by summer 2025.

• New revenue streams from in-app advertising to launch by June 2025.