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Urb-it announces trading update for Q4 2022
Urb-it has today announced that 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.
Due to the increased demand from the partnership with Inditex (Zara's parent company) and the new partnership with Evri (previously Hermes), announced on December 13, 2022, as well as beneficial pricing negotiations with existing customers, Urb-it expects its Net sales to exceed its previously communicated financial target for Q4 2022.
As a result, Net sales for Q4 2022 are preliminarily estimated to total SEK 14 million which exceeds the previously announced target of SEK 11.5 million.
Urb-it announced its expansion into the Spanish market on January 12, 2022. To meet the increased demand mainly in Spain as a result of its partnership with Inditex, Urb-it will bear additional costs during Q4 2022.
Urb-it finds that this progress increases the likelihood for Urb-it to reach its previously communicated financial targets for the period 2023 - 2027, which remain unchanged.
Urb-it will publish the interim report for the fourth quarter on February 28, 2022.
This information is information that Urb-it AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 14.40 CET on December 16, 2022.
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 couriers on foot, bike and our e-cargo fleet. This reduces noise pollution, air pollution and congestion - creating healthier cities. We are a B Corp certified business, meaning we are committed to maintaining the highest standard of environmental performance, social governance, public transparency and legal accountability.
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.
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.
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
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.
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.
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.
Urb-it AB höll under måndagen den 21 november 2022 extra bolagsstämma, varvid följande huvudsakliga beslut fattades.
Urb-it AB held an extraordinary general meeting on Monday, November 21, 2022, where the following main resolution was passed.
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 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.
Marknadsplats: Nasdaq First North Growth Market
2023-02-28 Bokslutskommuniké 2022