Freetrailer raises expectations for the 24/25 financial year following an improved rental frequency, growth in new partnerships, and upselling to existing partners.
The total number of rentals for Q2 24/25 amounted to 335,016, representing a growth of 23.0% compared to the same period last year. The number of rentals in the first six months of the financial year reached 757,699, marking an increase of 28.2% compared to the same period the year before.
Revenue for Q2 24/25 amounted to DKK 28.4 million, reflecting a 12.1% increase compared to the previous year. The revenue growth for the first six months of the financial year stood at 19.0%, equating to a total revenue of DKK 61.6 million as of 31/12/2024.
Operating profit (EBITDA) for Q2 24/25 was DKK 3.6 million, compared to DKK 3.5 million in Q2 23/24. For the first six months of 24/25, EBITDA stood at DKK 14.4 million, up from DKK 11.6 million in the corresponding period of 23/24.
Profit before tax for Q2 24/25 was DKK 2.9 million, compared to DKK 2.5 million in Q2 23/24. For the first six months of the financial year, the result was DKK 12.9 million, up from DKK 9.9 million in the same period of 23/24.
Freetrailer raises expectations for 24/25
Freetrailer has increased its lower guidance for the year’s revenue and now expects revenue of DKK 123 – 128 million in the 24/25 financial year (previously DKK 118 – 128 million).
The updated guidance corresponds to an expected revenue growth of 16 – 21% compared to 23/24.
Freetrailer also raises its EBITDA guidance, now expected to range between DKK 23 – 28 million (previously DKK 20 – 24 million).
The new guidance reflects EBITDA growth of 20 – 46% compared to 23/24, where Freetrailer achieved an EBITDA of DKK 19.2 million.
Comment from the CEO
“We at Freetrailer are pleased with the strong development in our rental frequency and the robust order pipeline of over 300 trailers, which will be rolled out over the next two quarters.
In Q2 24/25, Germany delivered 62.5% growth in user-generated revenue compared to Q2 23/24, and this growth has continued into 2025. More trailers in the German market,
increased brand awareness, and the introduction of a new pricing model have driven this positive development.
With Q2 24/25 behind us, we are now ready to launch in the Netherlands in March 2025, where we will start with 130 trailers and strong partners.” – Group CEO, Nicolai Frisch
Freetrailer Group A/S reports financial results for the first six months of the financial year, covering 1 July 2024 – 30 June 2025.
Q2 GROUP KEY FIGURES IN 1,000 DKK (1 October 2024 – 31 December 2024)
(figures in brackets indicate the same period last year)
- Net revenue: 28,351.9 (25,283.2)
- EBITDA: 3,645.7 (3,532.7)
- Profit before tax: 2,948.9 (2,467.8)
- Profit after tax: 2,073.3 (1,918.8)
- Equity: 52,245.3 (37,343.5)
- EPS: 0.22 (0.20)
- Equity ratio: 72.2% (62.3%)
6-MONTH GROUP KEY FIGURES IN 1,000 DKK (1 July 2024 – 31 December 2024)
(figures in brackets indicate the same period last year)
- Net revenue: 61,598.7 (51,773.5)
- EBITDA: 14,361.9 (11,581.5)
- Profit before tax: 12,951.8 (9,891.3)
- Equity: 52,254.3 (37,343.5)
- EPS: 1.02 (0.80)
- Equity ratio: 72.2% (62.3%)
For further information about Freetrailer Group A/S, please contact:
Nicolai Frisch Erichsen, CEO
Freetrailer Group A/S
E-mail: Nicolai.frisch@freetrailer.com
Phone: +45 26 81 81 28
Press & Media Enquiries
Sara Lyngsøe
CMO, Freetrailer Group A/S
E-mail: sl@freetrailer.com
Phone: +45 61 10 15 57
Website: www.freetrailer.com
About Freetrailer Group A/S
Freetrailer Group is Europe’s largest mobility platform for trailer rentals and is on a mission to make it easy to book and borrow a trailer for free via a sharing economy IT platform. With a 100% self-service solution through the Freetrailer app and electronic locks, both Freetrailer partners and their customers enjoy full flexibility.
In August 2024, Freetrailer launched its Mont Blanc 2027 strategy. Over the next three years, the focus will be on improving the Freetrailer app, expanding market share with both existing and new partners, and strengthening the company’s ONE Team culture. The strategy marks an ambitious journey towards growth and innovation.
Freetrailer Group currently operates a scalable business model based on an innovative IT platform with global potential. Freetrailer Group A/S was listed on the Spotlight Stock Market in 2018.
Ticker code: FREETR
