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Västra Hamnen Corp. Finance

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Movinn: Embracing technology

• Break-even on EBITDA level for the Swedish operations

• Launch of Movinn.io, an online booking feature

• We maintain our fair value estimate of DKK 7.85 per share

Overall, Movinn reported a positive Q1 slightly above our expectations. The biggest news for the quarter is that the Swedish operations are breaking even on EBITDA level, followed by general financial improvements on the group level. Moreover, Movinn launched an online booking feature, Movinn.io, with an additional platform called Velocity Pro soon to be launched.

The full report is available here.

About Market Focus

The research report is prepared as part of Market Focus, Västra Hamnen Corporate Finance's commissioned research offering.

This is a press release from Västra Hamnen Corporate Finance AB. 
Web: vhcorp.se
Twitter: @vhcorp_se (https://twitter.com/vhcorp_se)

Datum 2024-05-14, kl 17:30
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