15:54:47 Europe / Stockholm
2022-05-12 10:35:00
  • Higher revenue than expected
  • Set for Malmö launch in Q2
  • We maintain our valuation interval of DKK 11.00 – 14.10 per share

Movinn’s report for the first quarter of 2022 showcased a stronger revenue and a higher number of units than expected. Despite Q1 historically being a weak quarter, almost 75 percent of 2022 year’s pipeline is secured already. Furthermore, the company is set to launch in Malmö during Q2 with expansions into Germany and a new Danish city being considered. The company continues to grow in line with expectations and we therefore maintain our valuation interval.

The full report is available here.