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Dott's Impressive Trajectory: €20 Million Adjusted EBITDA and Strong Q2 Performance

Dott, a leading player in the shared mobility sector, has demonstrated remarkable financial growth, with its adjusted EBITDA reaching €20 million over the last twelve months. This achievement underscores Dott’s commitment to both profitability and sustainable growth as it navigates through key markets in Europe and the Middle East.

Quarterly Performance Insights

In Q2, Dott recorded an impressive adjusted EBITDA of €11 million, marking a €7 million increase year-on-year. This growth can be attributed to the successful deployment of around 45,000 new vehicles—comprising 13,000 e-bikes and 32,000 e-scooters—across its operational hubs. The repercussion of these new additions has been palpable, with a reported 19% year-on-year revenue increase, bolstered by a better user experience and increased ridership.

Dott’s second-quarter figures reflect a net revenue of €47 million, representing a 3% year-on-year uptick for like-for-like figures, excluding markets that Dott has exited. The company's overall EBITDA reached €8 million, achieving a notable margin of 17%. Furthermore, the net interest-bearing debt stood at €66 million, with cash reserves amounting to €13 million, reflecting a solid financial foundation for future endeavors.

Enhancing Vehicle Economics

The performance of Dott's vehicles has been a central aspect of its growth strategy. The newly introduced fleet has not only enhanced the ride experience but also yielded better financial returns, boosting net revenue per vehicle per day (NRVD) by 11% to €3.50. Despite a 12% dip in average fleet availability at 150,000 vehicles—attributed to previous market exits—Dott is focusing on deploying more profitable vehicle models.

The adjusted EBITDA margin surged to 22%, representing a substantial 14-point year-on-year increase predominantly driven by improved vehicle economics and reduced operational costs. Dott efficiently managed to integrate cost savings throughout its processes, indicating its commitment to streamlining operations and maximizing profitability.

Goals for FY 2026

Looking ahead, Dott has reaffirmed its fiscal guidance for FY 2026, maintaining an adjusted EBITDA outlook within the €30 million to €40 million range. This optimistic projection aligns with the company's strategic direction and operational innovations, which have been pivotal in setting the stage for the anticipated growth.

CEO Maxim Romain expressed optimism about the company's trajectory, noting the positive reception of the new vehicles from users and highlighting the impact Dott has on enhancing mobility options for millions. He emphasized that the focus remains on cultivating a superior user experience, thereby fulfilling Dott’s vision of being an integral part of urban transportation.

CFO Raoul Gatzen further reiterated the company’s robust performance across all fronts, attributing the improved profitability to disciplined execution and strategic upgrades to the fleet. With progress being made in key markets, Dott appears poised to continue its upward trajectory.

As Dott makes significant strides in optimizing its operations and expanding its fleet, the future seems promising for this mobility firm as it redefines how urban transport can be both efficient and user-focused.