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Urb-it AB (publ) Quarterly Report, July - September 2022

2022 SUMMARY

Financial development during the period July - September 2022

  • Net Sales for Urb-it AB (publ), amounted to KSEK 11 317 (KSEK 7 466) during the period.
  • Operating loss was KSEK -36 178 (KSEK -23 824).
  • Loss before tax totalled KSEK -35 390 (KSEK -24 116).
  • Loss per share attributable to owners of the Parent Company amounted to SEK -0,15 (SEK -0,12).

Compared to previous year, the Net Sales grew by 52% and the volumes by 100%.

Though the 3rd quarter is the low season in logistics, Urb-it has continued to expand its market share with existing clients and seen strong developments in its three markets: France, the United Kingdom and Spain. France has for the 2nd consecutive quarter delivered a positive result after direct delivery costs. The United Kingdom has also shown progress since the beginning of the year, reducing the cost per delivery by 33% by the end of the 3rd quarter. Urb-it's expansion in Spain and the United Kingdom is progressing as planned and during the 3rd quarter the expansion affected the result negatively by ca. 5 MSEK compared to the same quarter previous year.

Urb-it continued to invest in infrastructure to enable future growth in all markets. At the end of the 3rd quarter, tangible assets have increased to KSEK 21 383, primarily e-cargo bikes.

Significant events during the third quarter of 2022

  • Urb-its sustainable last-mile delivery services now live in Madrid and Barcelona.
  • Urb-its sustainable delivery services available through market leading delivery management platforms Centiro, nShift and Metapack.
  • Urb-its sustainable last mile delivery services available to merchants on Shopify.
  • Urb-it carried out a directed share issue of approximately SEK 23.3 million.

Significant events after the end of the third quarter

  • Urb-its chairman Lage Jonason resigned at his own request.
  • Urb-it intends to carry out a rights issue of up to SEK 196 million and receives a bridge credit facility from a shareholder.
  • Urb-it AB (publ) convenes extraordinary general meeting November 21

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 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 (MAR). The information was submitted, via the above-mentioned contact person, for publication on 27 October 2022.

Urb-it is expanding its presence in Spain to offer sustainable last mile delivery services in Valencia

Urb-it, the rapidly growing sustainable logistics platform, is pleased to announce the expansion of its operation in Spain to the city of Valencia. This move further solidifies our presence in Spain and our commitment to providing sustainable, efficient, and convenient delivery services to urban areas in France, Spain, and the UK.





Urb-it launches sustainable last mile delivery services for a share of Zara's online orders in five cities in the UK, Paris and Barcelona

Urb-it, the rapidly growing sustainable logistics platform, today announces it is rolling out last mile delivery services for a share of Zara's online orders in in London, Manchester, Birmingham, Liverpool, Bristol, Paris and Barcelona.


Urb-it rolls out sustainable last mile delivery services for Evri (previously Hermes) in London

Urb-it, the rapidly growing sustainable logistics platform, today announces it is rolling out its services in London with Evri, the largest dedicated parcel delivery company in the UK.


Urb-it AB (publ) changes Certified Adviser to Redeye AB

Stockholm December 7 - Urb-it AB (Nasdaq First North Growth Market), today announces that the company has signed contract with Redeye AB regarding the services as Certified Adviser. Redeye AB assumes the role as Certified Adviser as of Feb 24, 2023.


Urb-it launches sustainable last mile delivery services for Evri (previously Hermes) across multiple cities in the UK

Urb-it, the rapidly growing sustainable logistics platform, today announces rolling out last mile delivery services with Evri, a leading UK delivery network.


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.


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