Movebybike Europe AbNGM: MBBAB

MBBAB: Q3 2024 saw losses from a subsidiary's bankruptcy, but expansion and capital raises position the company for recovery

· Issued by Movebybike Europe AB

Q3 2024 saw lower sales and a significantly higher net loss due to a major write-down from a subsidiary's bankruptcy. Strategic actions included a successful rights issue, expansion in Denmark and Stockholm, and new partnerships, positioning the company for future growth.

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