Freetrailer Group A/S has announced robust results for the second quarter of the 24/25 financial year, highlighting a significant increase in both rentals and revenue. The total number of rentals in Q2 reached 335,016, marking a 23% growth compared to the same quarter last year. This upward trend is mirrored in the first six months of the year, with rentals hitting 757,699, reflecting a 28.2% increase year-on-year.

The financial performance is equally impressive, with Q2 revenue climbing to DKK 28.4 million, a 12.1% rise compared to the previous year. For the first half of the financial year, revenue totals DKK 61.6 million, representing a 19% increase. This growth is attributed to strategic initiatives including expansion in Germany and an upcoming launch in the Netherlands.

The company's operating profit (EBITDA) also saw an improvement, standing at DKK 3.6 million for Q2 24/25, slightly up from DKK 3.5 million in the same period last year. More notably, the first six months' EBITDA reached DKK 14.4 million, up from DKK 11.6 million, demonstrating strong operational efficiency.

Profit before tax for Q2 24/25 was DKK 2.9 million, compared to DKK 2.5 million in the previous year, while the six-month figure rose to DKK 12.9 million from DKK 9.9 million. These results have led Freetrailer to raise its revenue guidance for the full financial year to DKK 123 – 128 million, up from the previous lower bound of DKK 118 million. EBITDA guidance has also been increased, now expected to range between DKK 23 – 28 million.

CEO Nicolai Frisch expressed optimism about the company's trajectory, citing a 62.5% growth in user-generated revenue in Germany and plans to enter the Dutch market with 130 trailers. This expansion is expected to sustain the company's growth momentum.

Given the strong financial performance and strategic expansions, investors might consider holding their positions in Freetrailer. The company’s ability to consistently grow its rental base and revenue, coupled with its strategic market expansions, suggests a promising outlook.