Fram Skandinavien

Despite a continued meaningful decrease in GMV during September 2024 vs the same month last year (due to the previously communicated phasing-out of unprofitable car trading transactions), Carmudi recorded its first month of EBITDA-breakeven (compared to EBITDA loss of -19.5 kUSD during September last year).

In EveHR, September’s EBITDA losses were down to -7.5 kUSD, a 74% reduction of EBITDA-loss compared to the same period last year.

The primary driver of the reduction in NAV vs Aug came from a reduction in the trading multiple of Carmudi’s EV/GMV peer group decreasing from 1.05x to 0.9x during the month.

The focus for the group continues to be to bring Carmudi and EveHR to profitability and then further on to generate enough profits to cover group overhead.