AMENDMENT - Urb-it AB (publ) Quarterly Report, July - September 2020

This amendment refers to a faulty comparison year in the CEO's Overview 

Financial development for the period July - September 2020

  • Net sales for Urb-it AB (publ) totalled KSEK 2 103 for the period July-September 2020 compared to KSEK 1 074 for the period July-September 2019.
  • During the period, the operating loss amounted to KSEK -13 318 (KSEK -10 918).
  • Loss before tax was KSEK -13 559 (KSEK -10 453).
  • Loss per share attributable to owners of the Parent Company amounted to SEK -0,09 (SEK -0,11).

Significant events during the third Quarter of 2020

  • Deliveries in Qtr3 was up 311% compared to deliveries in Qtr3 2019.
  • In September Urb-it signed a partnership agreement with DHL Express France in order to provide zero carbon last-mile deliveries to the DHL customers in France.
  • The additional new DHL hubs in France are now operational and ready for the coming peak season volume.
  • The decommission of the Swedish operation was finalised during the 3rd Quarter and will lead to lower OPEX by approximately KSEK 1 500 per quarter.
  • The set-off issue of shares that the Board of Directors of Urb-it AB decided upon on 10th June 2020 was fully subscribed to and completed during the first week of July. The issue proceeds of approximately SEK 34.6 million before issue costs were paid in full by offsetting debt from the company. Stockholm, 24th April 2020.


Significant events after the end of the Quarter

  • In the second week of November, Urb-it earns B Corporation certification due to its impact and continuous innovation in sustainable logistics. Urb-it now joins the fast-growing movement of more than 3500 certified B Corporations across 150 industries in 74 countries including companies like Patagonia, Ben & Jerry's, and The Bodyshop.
  • Urb-it welcomes the partnership with SmartFreight to bring retailers a sustainable and intelligent transport management solution.
  • Urb-it partners with Primis Communications to offer leading European retailers a revenue generating post-purchase experience.

For more information, please contact
Kevin Kviblad, CEO
E-post: [email protected]
Phone: +46 76 310 28 39

The following document can be found on beQuoted

About the Company

Urb-it offers a flexible, quick, personal and eco-friendly delivery alternative to consumers and retailers in big cities. As of today, Urb-it exists in Stockholm, Gothenburg, London, Paris and Lyon. For more information visit: www.urb-it.com.

The Company's Certified Adviser is Mangold Fondkommission AB who are reachable on +468- 503 015 50 or [email protected].

This information is such information that Urb-it AB (publ) is required to disclose in accordance with the EU Market Abuse Regulation. The information was submitted, via the above-mentioned contact person, for publication on 30th November 2020.


NOTICE OF EXTRAORDINARY GENERAL MEETING OF URB-IT AB (PUBL)

Urb-it AB (publ), reg. no. 556959-9755, (the "Company") holds an extraordinary general meeting on Friday 10 December 2021.


KALLELSE TILL EXTRA BOLAGSSTÄMMA I URB-IT AB (PUBL)

Urb-it AB (publ), org. nr 556959-9755, ("Bolaget") håller extra bolagsstämma fredagen den 10 december 2021.


Urb-it carries out a directed share issue to Ingka Investments of SEK 95 million

The board of directors of Urb-it AB ("Urb-it" or the "Company") has resolved on a directed issue to Ingka Investments, the investment arm of Ingka Group, the main IKEA retailer ("Ingka Investments") of 21,590,909 shares, subject to approval from an extraordinary general meeting (the "Share Issue"). The subscription price in the Share Issue amounts to SEK 4.40 per share. The Company raises SEK 95 million before transaction related costs through the Share Issue. The board of directors has also decided to postpone the announcement of the interim report for the third quarter to 29 November 2021 as part of the completion of the Share Issue.


Urb-it genomför riktad nyemission till Ingka Investments om 95 miljoner kronor

Styrelsen i Urb-it AB ("Urb-it" eller "Bolaget") har beslutat om en riktad nyemission till Ingka Investments, investeringsbolaget inom Ingka Group, den största IKEA-detaljisten, ("Ingka Investments") av 21 590 909 aktier under förutsättning av godkännande av extra bolagsstämma ("Nyemissionen"). Teckningskursen i Nyemissionen uppgår till 4,40 kronor per aktie. Genom Nyemissionen tillförs Bolaget 95 miljoner kronor före transaktionsrelaterade kostnader. Styrelsen har även beslutat att senarelägga offentliggörandet av den tredje kvartalsrapporten 2021 till den 29 november 2021 som ett led i genomförandet av Nyemissionen.



Urb-it carries out a directed share issue of approximately SEK 80 million

The board of directors of Urb-it AB ("Urb-it or the "Company") has, pursuant to the authorisation granted by the annual general meeting held on 16 April 2021, resolved on a directed issue of 18,650,000 shares at a price of SEK 4.30 per share (the "Share Issue"). The Company raises approximately SEK 80 million before transaction related costs through the Share Issue.


Urb-it genomför riktad nyemission om cirka 80 miljoner kronor

Styrelsen i Urb-it AB ("Urb-it" eller "Bolaget") har, med stöd av bemyndigande lämnat av årsstämman den 16 april 2021, beslutat om en riktad nyemission av 18 650 000 aktier till en emissionskurs om 4,30 kronor per aktie ("Nyemissionen"). Genom Nyemissionen tillförs Bolaget cirka 80 miljoner kronor före transaktionsrelaterade kostnader.


Urb-it launches its sustainable delivery services in Scotland

Expanding into Glasgow, Scotland's largest city


Urb-it strengthens its leadership team

Appointment of Chief Financial Officer & Chief Marketing Officer


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