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Published: 2022-01-07 08:23:28 CET
Elmo Rent
Company Announcement

The turnover of ELMO Rent's short-term rental service in December doubled compared to last year

The December sales turnover of ELMO Rent was 92 900 euros (dec’20 48 203eur, what is 92% increas). Of this, short-term rental income amounted to 49 100 euros, which increased almost 2.3 times vs December last year (dec’20 short-term rent 21 300eur).

The total sales revenue of ELMO Rent for the 12 months of 2021 was 1 096 002 EUR, which has already exceeded the target for the year forecast in the IPO materials by more than 17,3%.

See Graph 1 "Sales revenue with forecast, per month"

"Year 2021 we had the fastest growth and best in our history. I am very proud of the efforts of my team. The financial and new customer growth figures for December are significant for the low season, as our service is historically seasonal and we have been able to find solutions to overcome it. I look forward to the end of the ongoing SPO fundraising, which ends on January 10, with which we will certainly be able to fulfill the promises of 2022” said Julia Nekrassova, CEO of ELMO Rent.

The number of registered new customers also increas more than 4 times (dec’20 146 compared to dec’21 620). The Decemeber total sales was 29% higher than month before (nov’21 71 700 euros compared to dec’21 92 900 euros), although the number of registered new clients was 6,6% lower than month before (nov’21 661 compared to dec’21 620). 

See Graph 2 "New clients, per month"

With the sales turnover and the addition of new customers, ELMO Rent attaches equal importance to the CO2 emissions saved in the urban space by environmentally friendly cars. In November, ELMO Rent electric cars covered 200 392 km, saving more than 24 447 kg of CO2 emissions.


The main events of December:

7-21.12 shareholders meeting for deciding new the new public offering and purhace of Elektritakso OÜ, vt https://view.news.eu.nasdaq.com/view?id=b1c70f4677a418b7b2cbf131cad451bfa&lang=en 

21.12 ELMO Rent AS raises sales forecasts for 2021, 2022 and 2023, see https://view.news.eu.nasdaq.com/view?id=b28d279456c07f4fe3a914885d48d4638&lang=en

23.12 ELMO Rent AS provides commented analyzes for the 2021 indicators, see https://view.news.eu.nasdaq.com/view?id=b7eec503e77ba00a44c1a7e391d51636a&lang=en

27.12 Announcement on the secondary public offering of ELMO Rent AS shares, see https://view.news.eu.nasdaq.com/view?id=b234d8c928fc0d4fe3140cc05c5baa719&lang=en

28.12 ELMO Rent received 374,094 euros from Enterprise Estonia for the complete development of the remote control vehicle technology, see https://view.news.eu.nasdaq.com/view?id=b5966a313c5ce3fbd598a1aa889efa897&lang=en


More information:


Julia Nekrassova



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