Urb-it AB (publ) Quarterly Report, April - June 2022

2022 SUMMARY

Financial development during the period April - June 2022

  • Net Sales for Urb-it AB (publ), amounted to KSEK 12 448 (KSEK 5 930) during the period.
  • Operating loss was KSEK -35 588 (KSEK -17 837).
  • Loss before tax totalled KSEK -35 062 (KSEK -18 112).
  • Loss per share attributable to owners of the Parent Company amounted to SEK -0,15 (SEK -0,09).

Compared to previous year, the Net Sales grew by 110% and the volumes by 272%. The growth is attributable to the large clients Alibaba, Amazon and Yodel.

During the 2nd quarter 2022, Urb-it has focused on operational excellence. The efforts have led to substantial improvement in Urb-its major market France which stands for ca. 70% of the Groups Net sales. France managed to reduce the direct delivery costs per delivery by 57% in June 2022 compared to January 2022 which led to a positive Gross margin after direct delivery costs in the 2nd quarter. On a Group level, the operating losses compared to 1st quarter 2022 were reduced by KSEK 8 158.

Urb-it continued to invest in infrastructure to enable future growth in all markets.  At the end of the 2nd quarter, tangible assets have increased to KSEK 19 842, primarily e-cargo bikes.

Significant events during the second quarter of 2022

  • Urb-it continued UK expansion by launching in Liverpool.
  • Urb-it delivery services integrated with leading commerce platform Linnworks
  • Urb-it grows partnership with Yodel in Manchester.
  • As sole representative from the industry, Urb-it participated in OECD meeting held in Leipzig.
  • Urb-it expanded in Paris through new hubs, now covering all of central Paris.
  • Urb-it partners with Cainiao Network to offer sustainable delivery option to parcel lockers in Paris.

Significant events after the end of the second quarter

  • Urb-its sustainable last-mile delivery services now live in Madrid and Barcelona.
  • Urb-its sustainable delivery services available through market leading delivery management platform.
  • Urb-its sustainable last mile delivery services available to merchants on Shopify.

Kevin Kviblad, CEO of Urb-it said:

"Our conscious decision to prioritise profitability over volume growth also enabled us to solidify our operational base, which resulted in improved operational efficiency across our business. These are significant milestones on our path to profitability.

I am confident that our improved operational efficiency will position us for further growth in H2 as we onboard new clients and enter the peak season in Q4.  With a clear growth structure and well invested platform for growth, I remain truly excited about the opportunities and need for sustainable last mile deliveries across Europe."

For further information please contact:

Kevin Kviblad, CEO [email protected]

Urb-it Press Office [email protected]

About Urb-it AB (publ) | B Corp certified

Urb-it is a rapidly growing sustainable logistics platform with a vision to transform urban logistics, one delivery at a time. We deliver urban logistics services that create a positive impact on society and the environment. We partner with brands to deliver the last mile sustainably and efficiently in urban areas across Europe. 

Our customer-centric last mile delivery services are conducted by our employed couriers  on our 100% e-cargo bike fleet. This reduces emissions, congestion and noise pollution - creating healthier cities. 

We are a B Corp certified business, meaning we meet and have committed to the highest verified standards of social and environmental performance. We are currently operating in urban areas in Europe's largest e-commerce markets - France, the UK and Spain. Our ambition is to expand into other major e-commerce markets across Europe in the coming years.

In 2022, Urb-it won Best Supply Chain Solution Award at The Retail Supply Chain & Logistics Expo.  

Founded in 2014, Urb-it is a Swedish entrepreneurial company headquartered in Stockholm and listed on Nasdaq First North Growth Market. Find out more at urb-it.com.

The Companys 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 (MAR). The information was submitted, via the above-mentioned contact person, for publication on 18 August 2022.

URB-IT OFFENTLIGGÖR PROSPEKT AVSEENDE FÖRETRÄDESEMISSIONEN

EJ FÖR OFFENTLIGGÖRANDE, PUBLICERING ELLER DISTRIBUTION, HELT ELLER DELVIS, I ELLER TILL USA ELLER NÅGON JURISDIKTION DÄR EN SÅDAN ÅTGÄRD SKULLE STRIDA MOT RELEVANTA LAGAR OCH REGLERINGAR I DEN JURISDIKTIONEN. DETTA DOKUMENT UTGÖR INTE ETT ERBJUDANDE ELLER EN UPPMANING ATT FÖRVÄRVA VÄRDEPAPPER I NÅGON JURISDIKTION.


URB-IT PUBLISHES PROSPECTUS REGARDING THE RIGHTS ISSUE

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES OR ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION. THIS DOCUMENT DOES NOT CONSTITUTE AN OFFER OF OR THE SOLICITATION OF AN OFFER TO BUY SECURITIES IN ANY JURISDICTION.


Urb-it communicates financial targets for the period Q4 2022 - 2027

The Board of Directors of Urb-it AB (publ) ("Urb-it" or the "Company") has on October 19, 2022, resolved on a Rights Issue. In connection with marketing the Rights Issue, the Company has prepared financial targets for the period Q4 2022 - 2027 which is made public through this press release.


Kommuniké från extra bolagsstämma i Urb-it AB (publ) den 21 november 2022

Urb-it AB höll under måndagen den 21 november 2022 extra bolagsstämma, varvid följande huvudsakliga beslut fattades.


Report from extraordinary general meeting in Urb-it AB (publ) on November 21, 2022

Urb-it AB held an extraordinary general meeting on Monday, November 21, 2022, where the following main resolution was passed.


AKTIEÄGARE FÖRESLÅR NY STYRELSEORDFÖRANDE I URB-IT

Aktieägare i Urb-it AB (publ) ("Urb-it" eller "Bolaget") föreslår att Jan Berg väljs som ny styrelseordförande vid extra bolagsstämma den 21 november 2022.


SHAREHOLDERS PROPOSE NEW CHAIRMAN OF THE BOARD OF URB-IT

Shareholders in Urb-it AB (publ) ("Urb-it" or the "Company") propose that Jan Berg be elected as the new chairman of the board at the extraordinary general meeting on November 21, 2022.




URB-IT AB (PUBL) KALLAR TILL EXTRA BOLAGSSTÄMMA

Styrelsen för Urb-it AB (publ) har beslutat att kalla till extra bolagsstämma måndagen den 21 november 2022. Närmare detaljer beträffande förslagen till extra bolagsstämma framgår av kallelsen som redovisas i sin helhet nedan.

Kallelsen kommer att publiceras i Post- och Inrikes Tidningar och på bolagets webbplats inom de närmaste dagarna.

För mer information, vänligen kontakta Kevin Kviblad, VD, [email protected]


URB-IT AB (PUBL) CONVENES EXTRAORDINARY GENERAL MEETING

The board of directors of Urb-it AB (publ) has resolved to convene an extraordinary general meeting on Monday, November 21, 2022. Further details regarding the proposals for the extraordinary general meetings are set out in the notice, which is presented in full below.

The notice will be published in the Swedish Official Gazette (Post- och Inrikes Tidningar) and on the company's website within the next few days.

For more information, please contact Kevin Kviblad, CEO, [email protected]







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