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Move About Group (MOV) publishes figures for Q3 2022: Strong revenue growth and improved earnings

In the third quarter of 2022, Move About Group AB ("Move About" or the "Company") grew by 54% compared to the third quarter of 2021. Compared to Q1-Q3 2021, the growth was 60%. Compared to Q2 this year, revenue was stable, despite a seasonally weaker third quarter.

SEK'000 

2022 Q3 

2021 Q3 

2022 9m 

2021 9m 

Total Revenue 

18 591  

12 038  

 51 182  

31 804 

Gross profit 

 11 533  

 7 375  

 28 101  

 19 654  

EBITDA 

-2 170  

-5 528  

-23 800  

-12 681  

EBIT

-9 614  

-10 785  

-44 971  

-24 642  

 

The third quarter of the year started with record sales in all countries, Norway, Sweden and Germany. The usual seasonal weakness during the holiday period in Germany, where our members are primarily business customers, did not occur this year. For the first nine months of the year membership growth was up 200% compared to the same period last year, which creates a good momentum for future expansion. The number of cars in the fleet remained stable, with the aim of increasing capacity utilization in the company's existing electric car sharing locations.

In addition to strong growth, the result was affected by the measures in the comprehensive efficiency plan that the board decided in the beginning of Q2 2022. Move About's OH costs have been halved since the start of the program, and the focus is now on ensuring optimal management of the company's many car sharing locations, as well as to reduce costs for the vehicle fleet.

"We continue to execute on the plan that will take us to profitability. The first phase of this process has centered around our OH costs. Now we are taking a firm hold of the operation, our offer and the vehicle fleet. In all areas we see great potential to do things more efficiently, as well as to take advantage of our size across national borders, which simply was not prioritized during the company's previous expansion phase," says Move About Group's CEO, Olof Jonasson.

 

The entire report can be found on the company's website:

Link to the report: https://moveaboutgroup.com/wp-content/uploads/2022/11/Q3-Interim-Report-Svenska.pdf 

For further information, please contact:

Olof Jonasson, VD, Move About Group AB 
Email: [email protected] 
+46790683811  

This information is information that Move About Group AB is obliged to make public pursuant to the EU Market Abuse Regulation (596/2014). The information in this press release has been published through the agency of the contact persons set out above, at November 24, 2022 at 08.00.

Certified Adviser
Mangold Fondkommission AB is the Company's Certified Adviser and can be reached by phone, 08-5030 1550, and via e-mail, [email protected].

Move About Group AB
Move About offers app-based, environmentally friendly and cost-effective mobility solutions to individuals as well as companies, municipalities and organizations. The company has developed and owns all intellectual property rights to its cloud-based greentech platform that provides digital access to electric cars, electric bicycles, taxis, metro and parking via one and the same app - around the clock. Every kilometer that the user travels with the electric cars through the platform reduces CO2 emissions.

The company's comprehensive mobility solution is based on the Move About app, which gives the user access to the Company's pools of electric cars, electric bikes and electric scooters. Move About also helps companies, municipalities and organizations optimize their fleets by tailoring mobility solutions as needed. Move About was founded in Oslo, Norway in 2007 and today has over 70 000 users on its platform and over 730 electric cars in its fleet with a presence in Sweden, Norway and Germany.

Nerladdningsbara filer

Move About offentliggör prospekt med anledning av företrädesemission av units

EJ FÖR OFFENTLIGGÖRANDE, PUBLICERING ELLER DISTRIBUTION, DIREKT ELLER INDIREKT, I ELLER TILL USA, AUSTRALIEN, BELARUS, HONGKONG, JAPAN, KANADA, NYA ZEELAND, RYSSLAND, SCHWEIZ, SINGAPORE, SYDAFRIKA, SYDKOREA ELLER NÅGON ANNAN JURISDIKTION DÄR DISTRIBUTION AV DETTA PRESSMEDDELANDE INTE SKULLE VARA FÖRENLIG MED TILLÄMPLIGA FÖRESKRIFTER. VÄNLIGEN SE VIKTIG INFORMATION I SLUTET AV PRESSMEDDELANDET.

Move About Group AB ("Move About" eller "Bolaget") har upprättat ett EU-tillväxtprospekt ("Prospektet") med anledning av Bolagets företrädesemission av units bestående av aktier och teckningsoptioner ("Företrädesemissionen"), vilken extra bolagsstämma beslutade om den 23 januari 2023. Prospektet har idag godkänts av Finansinspektionen. Prospektet innehållande fullständiga villkor och anvisningar finns nu tillgängligt på Bolagets hemsida, www.moveaboutgroup.com, och kommer att finnas tillgängligt på Mangold Fondkommission AB:s hemsida, www.mangold.se och på Finansinspektionens hemsida, www.fi.se. Information om Företrädesemissionen kommer att finnas tillgängligt på Bolagets och Mangold Fondkommission AB:s respektive hemsida.


Move About publishes prospectus due to rights issue of units

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES, AUSTRALIA, BELARUS, HONGKONG, JAPAN, CANADA, NEW ZEALAND, RUSSIA, SWITZERLAND, SINGAPORE, SOUTH AFRICA, SOUTH KOREA OR ANY OTHER JURISDICTION WHERE SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL OR WOULD REQUIRE REGISTRATION OR ANY OTHER MEASURES. PLEASE REFER TO IMPORTANT INFORMATION AT THE END OF THE PRESS RELEASE.

Move About Group AB ("Move About" or the "Company") has prepared an EU growth prospectus (the "Prospectus") due to the Company's rights issue of units consisting of shares and warrants (the "Rights Issue"), which the extraordinary general meeting decided on January 23, 2023. The Prospectus was approved by the Swedish Financial Supervisory Authority today. The Prospectus containing complete terms and conditions is now available on the Company's website, www.moveaboutgroup.com, and will be available on Mangold Fondkommission AB's website, www.mangold.se and on the Swedish Financial Supervisory Authority's website, www.fi.se. Information about the Rights Issue will be available on the Company's and Mangold Fondkommission AB's respective website.


KOMMUNIKÉ FRÅN EXTRA BOLAGSSTÄMMA DEN 23 JANUARI 2023 I MOVE ABOUT GROUP AB

Extra bolagsstämman i Move About Group AB (publ), org. nr 559311-9232, ("Bolaget"), ägde rum idag den 23 januari 2023 i Bolagets lokaler på Norra Hamngatan 18 i Göteborg.


BULLETIN FROM THE EXTRAORDINARY GENERAL MEETING ON 23 JANUARY 2023 IN MOVE ABOUT GROUP AB

The Extraordinary General Meeting in Move About Group AB (publ), reg. no 559311-9232, (the "Company"), was held today, 23 January 2023, at the Company's premises at Norra Hamngatan 18 in Gothenburg, Sweden.


KOMMUNIKÉ FRÅN EXTRA BOLAGSSTÄMMA DEN 9 JANUARI 2023 I MOVE ABOUT GROUP AB

Extra bolagsstämman i Move About Group AB (publ), org. nr 559311-9232, ("Bolaget"), ägde rum idag den 9 januari 2023 i Bolagets lokaler på Norra Hamngatan 18 i Göteborg.


BULLETIN FROM THE EXTRAORDINARY GENERAL MEETING ON 9 JANUARY 2023 IN MOVE ABOUT GROUP AB

The Extraordinary General Meeting in Move About Group AB (publ), reg. no 559311-9232, (the "Company"), was held today, 9 January 2023, at the Company's premises at Norra Hamngatan 18 in Gothenburg, Sweden.


KOMMUNIKÉ FRÅN EXTRA BOLAGSSTÄMMA DEN 29 DECEMBER 2022 I MOVE ABOUT GROUP AB

Extra bolagsstämman i Move About Group AB (publ), org. nr 559311-9232, ("Bolaget"), ägde rum idag den 29 december 2022 i Bolagets lokaler på Norra Hamngatan 18 i Göteborg.


BULLETIN FROM THE EXTRAORDINARY GENERAL MEETING ON 29 DECEMBER 2022 IN MOVE ABOUT GROUP AB

The Extraordinary General Meeting in Move About Group AB (publ), reg. no 559311-9232, (the "Company"), was held today, 29 December 2022, at the Company's premises at Norra Hamngatan 18 in Gothenburg, Sweden.


Rättelse: Move About refinansierar befintliga lån om 13 MSEK

I en tidigare version av detta pressmeddelande som offentliggjordes 20 december 2022 kl. 20:26 saknades detaljerad information om villkoren för eventuell kvittning av Lånet mot aktier. Nedan följer uppdaterat pressmeddelande i sin helhet där även mer detaljerad information om villkor för kvittning av Lånet framgår.

Move About Group AB ("Move About" eller "Bolaget") har avtalat med Formue Nord Fokus A/S om en refinansiering av befintliga lån om 13 MSEK ("Lånet"). Delar av det utestående lån om 17 MSEK, exklusive upplupen ränta, som upptogs den 22 juli 2022, ska återbetalas med emissionslikviden från den företrädesemission som föreslagits av en grupp aktieägare i Bolaget och offentliggjorts via pressmeddelande den 20 december 2022. Resterande andel av utestående lån till Formue Nord Fokus A/S om 13 MSEK ska därmed refinansieras.


Correction: Move About refinances existing loans of SEK 13 million

In an earlier version of this press release published December 20, 2022 at 20:26, detailed information of the terms regarding possible set-off of the Loan against shares were missing. Below follows an updated press release in its entirety, which also includes more detailed information of the terms for set-off of the Loan.

Move About Group AB ("Move About" or the "Company") has agreed with Formue Nord Fokus A/S of a refinancing of existing loans of SEK 13 million (the "Loan"). Part of the outstanding loan of SEK 17 million, excluding accrued interest, which was procured on July 22, 2022, shall be repaid with the proceeds from the rights issue proposed by a group of shareholders in the Company which was published via press release, December 20, 2022. Thereby, the remaining part of the outstanding loan to Formue Nord Fokus A/S of SEK 13 million will be refinanced.


Kallelse till extra bolagsstämma i Move About Group AB

Aktieägarna i Move About Group AB, org.nr 559311-9232 ("Bolaget"), kallas härmed till extra bolagsstämma den 23 januari 2023 kl. 11.30 i Bolagets lokaler på Norra Hamngatan 18 i Göteborg. Inregistrering inleds från klockan kl. 11.15.


Notice of Extraordinary General Meeting of Move About Group AB

The shareholders of Move About Group AB, org.nr 559311-9232 (the "Company"), are hereby convened to an Extraordinary General Meeting on 23 January 2023 at 11.30 a.m. at the Company's premises at Norra Hamngatan 18 in Gothenburg. Registration will commence at 11.15 a.m.


Move About refinansierar befintliga lån om 13 MSEK

Move About Group AB ("Move About" eller "Bolaget") har avtalat med Formue Nord Fokus A/S om en refinansiering av befintliga lån om 13 MSEK ("Lånet"). Delar av det utestående lån om 17 MSEK, exklusive upplupen ränta, som upptogs den 22 juli 2022, ska återbetalas med emissionslikviden från den företrädesemission som föreslagits av en grupp aktieägare i Bolaget och offentliggjorts via pressmeddelande idag den 20 december 2022. Resterande andel av utestående lån till Formue Nord Fokus A/S om 13 MSEK ska därmed refinansieras.


Move About refinances existing loans of SEK 13 million

Move About Group AB ("Move About" or the "Company") has agreed with Formue Nord Fokus A/S of a refinancing of existing loans of SEK 13 million (the "Loan"). Part of the outstanding loan of SEK 17 million, excluding accrued interest, which was procured on July 22, 2022, shall be repaid with the proceeds from the rights issue proposed by a group of shareholders in the Company which was published via press release today, December 20, 2022. Thereby, the remaining part of the outstanding loan to Formue Nord Fokus A/S of SEK 13 million will be refinanced.


Aktieägare föreslår en företrädesemission av units om cirka 35,1 MSEK och en riktad emission för kvittning av konvertibellån och aktieägarlån om cirka 12,3 MSEK

EJ FÖR OFFENTLIGGÖRANDE, PUBLICERING ELLER DISTRIBUTION, DIREKT ELLER INDIREKT, I ELLER TILL USA, AUSTRALIEN, BELARUS, HONGKONG, JAPAN, KANADA, NYA ZEELAND, RYSSLAND, SCHWEIZ, SINGAPORE, SYDAFRIKA, SYDKOREA ELLER NÅGON ANNAN JURISDIKTION DÄR DISTRIBUTION AV DETTA PRESSMEDDELANDE INTE SKULLE VARA FÖRENLIG MED TILLÄMPLIGA FÖRESKRIFTER. VÄNLIGEN SE VIKTIG INFORMATION I SLUTET AV PRESSMEDDELANDET.

Move About Group AB ("Move About" eller "Bolaget") har mottagit en begäran från aktieägare representerande 13,8 procent av aktierna i Bolaget om extra bolagsstämma för beslut om en företrädesemission av units bestående av aktier och teckningsoptioner av serie TO2 med företrädesrätt för befintliga aktieägare om cirka 35,1 MSEK ("Företrädesemissionen") och en riktad kvittningsemission av units bestående av aktier och teckningsoptioner av serie TO2 om cirka 12,3 MSEK för kvittning av utestående konvertibla lån samt aktieägarlån (den "Riktade Kvittningsemissionen"). Förslagen innefattar även beslut om ändring av bolagsordningens gränser för aktiekapitalet och antalet aktier. Företrädesemissionen omfattas till cirka 70 procent av teckningsförbindelser och garantiåtaganden. Vid fullt utnyttjande av samtliga teckningsoptioner av serie TO2 inom ramen för Företrädesemissionen och den Riktade Kvittningsemissionen kan Bolaget erhålla ytterligare högst cirka 29,5 MSEK. Kallelse till extra bolagsstämma i enlighet med aktieägarnas begäran offentliggörs genom separat pressmeddelande.


Shareholders propose a rights issue of units of approx. SEK 35.1 million and a directed issue to set-off convertible loans and shareholder loans of approx. SEK 12.3 million

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES, AUSTRALIA, BELARUS, HONGKONG, JAPAN, CANADA, NEW ZEALAND, RUSSIA, SWITZERLAND, SINGAPORE, SOUTH AFRICA, SOUTH KOREA OR ANY OTHER JURISDICTION WHERE SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL OR WOULD REQUIRE REGISTRATION OR ANY OTHER MEASURES. PLEASE REFER TO IMPORTANT INFORMATION AT THE END OF THE PRESS RELEASE.

Move About Group AB ("Move About" or the "Company") has today received a request from shareholders represented by 13.8 percent of the shares in the Company of an extraordinary general meeting to decide on a rights issue of units consisting of shares and warrants of series TO2 with preferential rights for existing shareholders of approximately SEK 35.1 million (the "Rights Issue") and a directed issue of units consisting of shares and warrants of series TO2 of approximately SEK 12.3 million to set-off outstanding convertible loans and loans from shareholders (the "Directed Set-Off Issue"). The proposals also include an amendment of the Company's Articles of Association regarding the limits for the number of shares and the share capital. The Rights Issue is covered to approximately 70 percent through subscription commitments and underwriting commitments. The Company can additionally receive a maximum of SEK 29.5 million if all warrants of series TO2 from the Rights Issue and the Directed Set-Off Issue are exercised. Notice of the extraordinary general meeting according to the shareholders request will be published in a separate press release.


Kallelse till extra bolagsstämma I Move About Group AB

Aktieägarna i Move About Group AB, org.nr 559311-9232 ("Bolaget"), kallas härmed till extra bolagsstämma den 9 januari 2023 kl. 11.30 i Bolagets lokaler på Norra Hamngatan 18 i Göteborg. Inregistrering inleds från klockan kl. 11.15.


Notice of Extraordinary General Meeting of Move About Group AB

The shareholders of Move About Group AB, org.nr 559311-9232 (the "Company"), are hereby convened to an Extraordinary General Meeting on 9 January 2023 at 11.30 a.m. at the Company's premises at Norra Hamngatan 18 in Gothenburg. Registration will commence at 11.15 a.m.


Move About Group AB: Styrelseledamoten Jessica Sparrfeldt har avgått ur styrelsen på grund av andra engagemang

Styrelseledamoten Jessica Sparrfeldt har avgått ur styrelsen för Move About Group AB ("Bolaget") på grund av andra engagemang som hindrar henne från att fullfölja sitt uppdrag som ledamot i Bolaget.


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