Voi Technology AB (publ) Publishes First Quarter Report 2025
15 maj, 08:30
Voi Technology AB ("Voi" or the "Group") continues its improvement in performance, demonstrated by strong year-on-year growth in revenue and improved earnings in the first quarter of 2025. The Group also reports positive EBIT on a trailing twelve-month basis, both on an Adjusted and Unadjusted basis.
The financial performance for the quarter highlights Voi’s growing operational efficiency and its ability to expand while maintaining a disciplined cost structure. Strong rider demand and improved seasonal performance drove year-over-year enhancements in both revenue and margin profile for the quarter.
Mathias Hermansson, CFO and Deputy CEO, commented:
"Q1 is seasonally our smallest quarter, but the performance shows the strength of our operating model. Our focus on scalable efficiency is paying off, we’ve grown revenue nearly 30% year-on-year while significantly improving margins. Our efficient operations, combined with a larger fleet, provide a stable base that enables us to unlock strong operational leverage as we enter the high season in the coming months. Yet again, this has been enabled by our stellar colleagues, particularly in our Fleet Organisation across all our twelve countries. We ride together!"
Financial Highlights Q1 2025:
- Net revenue increased by 28% to EUR 26.3 (20.6) million year over year.
- Vehicle profit margin increased by 7.4 pp to 48.4% (41.0%) year over year.
- Adjusted EBITDA increased by EUR 4.0 million to EUR -2.2 (-6.2) million year over year with an Adjusted EBITDA margin of -8.3% (-29.9%).
- Adjusted EBIT increased by EUR 3.2 million to EUR -7.2 (-10.4) million year over year.
- EBIT increased by EUR 5.2 million to EUR -7.9 (-13.1) million year over year.
- Cash flow from operating activities increased by EUR 1.7 million to EUR -7.1 (-8.8) million year over year.
During the quarter, Voi began rolling out its next-generation fleet of e-scooters and e-bikes, financed through the bond issuance completed in October 2024. With the introduction of these vehicles, Voi is increasing its total fleet size by ~40% to meet the growing demand for micromobility services by both riders and cities. The new vehicles offer improved durability, uptime, and reparability, enabling a longer vehicle lifetime, higher utilisation and lower cost per trip. These upgrades are already contributing to improved efficiency and are supporting stronger unit economics as we enter the upcoming, high-volume quarters.
Voi also launched operations in 12 new cities and received approval to double its fleet in Oslo, reinforcing its leadership position across European micromobility markets. The Group now operates in over 110 cities, with no single city representing more than 10% of total revenue - supporting a diversified and resilient growth profile.
With its modernised fleet in place and momentum building across key markets, Voi remains focused on driving further profitable growth throughout 2025.
This information is information that Voi Technology AB 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 2025-05-15 08:30 CEST.
Contacts
For media inquiries: press@voi.com
Investor relations contact: investor@voi.com
About Us
Founded in 2018, Voi is a Swedish micromobility company offering e-scooter and e-bike sharing in partnership with towns, cities and local communities. We believe e-scooters and e-bikes can play a central role in changing how people move in our towns and cities in the future. We want to ensure that the micromobility transformation happens the right way - through real innovative technology, open and transparent dialogue with towns, cities and governments and by adapting our products to local needs. Voi’s holistic Environmental Action Plan tackles emissions and promotes renewable energy use and circularity along its supply chain.
Voi operates over 150,000 vehicles in over 110 towns and cities across 12 countries. It is headquartered in Stockholm and employs around 1,000 people. To date, Voi boasts more than eight million riders and has served more than 300 million rides.
Attachments
Voi Technology AB (publ) Publishes First Quarter Report 2025
15 maj, 08:30
Voi Technology AB ("Voi" or the "Group") continues its improvement in performance, demonstrated by strong year-on-year growth in revenue and improved earnings in the first quarter of 2025. The Group also reports positive EBIT on a trailing twelve-month basis, both on an Adjusted and Unadjusted basis.
The financial performance for the quarter highlights Voi’s growing operational efficiency and its ability to expand while maintaining a disciplined cost structure. Strong rider demand and improved seasonal performance drove year-over-year enhancements in both revenue and margin profile for the quarter.
Mathias Hermansson, CFO and Deputy CEO, commented:
"Q1 is seasonally our smallest quarter, but the performance shows the strength of our operating model. Our focus on scalable efficiency is paying off, we’ve grown revenue nearly 30% year-on-year while significantly improving margins. Our efficient operations, combined with a larger fleet, provide a stable base that enables us to unlock strong operational leverage as we enter the high season in the coming months. Yet again, this has been enabled by our stellar colleagues, particularly in our Fleet Organisation across all our twelve countries. We ride together!"
Financial Highlights Q1 2025:
- Net revenue increased by 28% to EUR 26.3 (20.6) million year over year.
- Vehicle profit margin increased by 7.4 pp to 48.4% (41.0%) year over year.
- Adjusted EBITDA increased by EUR 4.0 million to EUR -2.2 (-6.2) million year over year with an Adjusted EBITDA margin of -8.3% (-29.9%).
- Adjusted EBIT increased by EUR 3.2 million to EUR -7.2 (-10.4) million year over year.
- EBIT increased by EUR 5.2 million to EUR -7.9 (-13.1) million year over year.
- Cash flow from operating activities increased by EUR 1.7 million to EUR -7.1 (-8.8) million year over year.
During the quarter, Voi began rolling out its next-generation fleet of e-scooters and e-bikes, financed through the bond issuance completed in October 2024. With the introduction of these vehicles, Voi is increasing its total fleet size by ~40% to meet the growing demand for micromobility services by both riders and cities. The new vehicles offer improved durability, uptime, and reparability, enabling a longer vehicle lifetime, higher utilisation and lower cost per trip. These upgrades are already contributing to improved efficiency and are supporting stronger unit economics as we enter the upcoming, high-volume quarters.
Voi also launched operations in 12 new cities and received approval to double its fleet in Oslo, reinforcing its leadership position across European micromobility markets. The Group now operates in over 110 cities, with no single city representing more than 10% of total revenue - supporting a diversified and resilient growth profile.
With its modernised fleet in place and momentum building across key markets, Voi remains focused on driving further profitable growth throughout 2025.
This information is information that Voi Technology AB 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 2025-05-15 08:30 CEST.
Contacts
For media inquiries: press@voi.com
Investor relations contact: investor@voi.com
About Us
Founded in 2018, Voi is a Swedish micromobility company offering e-scooter and e-bike sharing in partnership with towns, cities and local communities. We believe e-scooters and e-bikes can play a central role in changing how people move in our towns and cities in the future. We want to ensure that the micromobility transformation happens the right way - through real innovative technology, open and transparent dialogue with towns, cities and governments and by adapting our products to local needs. Voi’s holistic Environmental Action Plan tackles emissions and promotes renewable energy use and circularity along its supply chain.
Voi operates over 150,000 vehicles in over 110 towns and cities across 12 countries. It is headquartered in Stockholm and employs around 1,000 people. To date, Voi boasts more than eight million riders and has served more than 300 million rides.
Attachments
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Veckans analyser
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Fortnox-budet
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Veckans analyser
Fortnox-budet
Marknadsöversikt
1 DAG %
Senast
1 mån
Privatekonomi med Placeras expert
Affärsvärlden
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