Invest sustainably in
Donkey Republic
An innovative company that uses technology, hardware, software and data to develop shared services for the future – for better quality of life in cities and for the citizens.
115
M
2023 Revenue in DKK
(70% growth compared to 2022)
9.5
M
EBITDA in DKK for 2023
6.7
M
Trips Taken in 2023
Equity Story
Founded in 2014, Donkey Republic has a strong focus on contributing to the development of sustainable transport to improve the quality of life in cities and for the sharing economy. To date, Donkey Republic’s services have converted millions of car and bus journeys to bicycle transport. Donkey Republic has continuously increased the number of users year by year.
The business model is based partly on Donkey Republic cooperating and entering into long-term contracts with cities that pay Donkey Republic with long-term earnings over typically 5-10 years where the city and its citizens get access to bikes and services, and partly on the company also receiving revenue from private users who rent the bikes as well as from corporate agreements and partnerships.
Donkey Republic has its own developed platform and through this offers bike sharing, where the bikes are accessed digitally for both private and corporate users, who can use the services in real time via a mobile app. Users register via the app and can then take advantage of the services. In addition to the main business, operations, support services and data are offered. Operations are carried out in Europe with headquarters in Copenhagen.
Donkey Republic is a green company, and our figures for our local operations continue to prove their growth, financial sustainability and profitability. In the future, we expect continued growth and profitability through more users and through long-term and financially sustainable co-operation agreements and contracts with cities across Europe.
Donkey Republic shares are traded under DONKEY at NASDAQ First North Growth Market. You can follow the share price here, including buying and selling shares: https://www.nordnet.dk/markedet/aktiekurser/17493029-donkey-republic-holding
Shares can be bought and sold through your own bank and financial institution. For this you are to contact your bank or financial institution.
Reports and Company News
Overview of Donkey Republic past report’s and Company news
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Q3 2024 KPI Report
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Half Year Report 2024
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Q1 2024 KPI Report
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Annual Report 2023
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Q4 2023 KPI Report
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Q3 2023 KPI Report
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Half Year Report 2023
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Q2 2023 KPI Report
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Q1 2023 KPI Report
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Annual Report 2022
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ESG Report 2022
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Q4 2022 KPI Report
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Q3 2022 KPI Report
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Half Year Report 2022
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Q2 2022 KPI Report
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Q1 2022 KPI Report
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Annual Report 2021
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Half year report 2021
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Company Description – IPO
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Registration of capital increase
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Resolutions from the Extraordinary General Meeting
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DonkeyRepublic Holding A/S carries out a private placement
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Donkey Republic convenes for an Extraordinary General Meeting
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DonkeyRepublic Holding A/S intends to carry out a private placement
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Strong improvement of balance sheet by early repayment of debt, positive operating cash flow and continuous positive development in EBITDA in 2024-H1
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DonkeyRepublic Holding A/S: Notification of transactions by persons discharging managerial responsibilities and persons closely associated with them
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Change of the Board of Directors of Donkey Republic
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Donkey Republic records revenue of DKK 20.6M in Q1-2024, showing a solid revenue growth of 19%, positive EBITDA trends and reaffirmation of 2024 guidance
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Registration of capital increase
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DonkeyRepublic Holding A/S: Notification of transactions by persons discharging managerial responsibilities and persons closely associated with them
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DonkeyRepublic Holding A/S carries out a private placement
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Resolutions from Annual General Meeting 2024
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Donkey Republic convenes the annual general meeting
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Donkey Republic improves EBITDA by DKK 36.4M and realizes revenue of DKK 115.2M (70% growth rate) in 2023
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Donkey Republic finishes record year and achieves positive EBITDA of approx. 9.3M DKK and growing the revenue to approx. 115.1M DKK in 2023 (up 70% from 2022)
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Grant of warrants
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Correction to company announcement no. 26-2023: Donkey Republic discontinues agreement with Market Maker
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Donkey Republic discontinues agreement with liquidity provider
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Donkey Republic is awarded long term contract in Hannover and expands foothold in the strategic German growth market
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Upward adjustment of 2023 guidance
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Change of Certified Adviser to Donkey Republic
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H1 2023 Interim Report – Donkey Republic realizes positive EBITDA and 118% revenue growth in H1-2023. EBIT guidance for 2023 is adjusted upwards.
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Donkey Republic realizes a positive EBITDA and 114% YoY revenue growth in Q2-2023.
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Registration of capital increase
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DonkeyRepublic Holding A/S: Notification of transactions by persons discharging managerial responsibilities and persons closely associated with them
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Donkey Republic – Resolutions from Extraordinary General Meeting
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DonkeyRepublic Holding A/S carries out a private placement
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Donkey Republic convenes for Extraordinary General Meeting
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DonkeyRepublic Holding A/S intends to carry out a private placement
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Donkey Republic concludes loan restructuring of existing loans following successful negotiations with lenders
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Donkey Republic realises 125% year-on-year revenue growth in Q1-2023 compared to Q1-2022.
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Registration of capital increase
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DonkeyRepublic Holding A/S: Notification of transactions by persons discharging managerial responsibilities and persons closely associated with them
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DonkeyRepublic Holding A/S carries out a private placement
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EBT guidance for 2024 as a result of updated strategic direction in Donkey Republic
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Donkey Republic – Resolutions from Annual General Meeting 2023
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CORRECTION to notice for annual general meeting
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Donkey Republic convenes for annual general meeting
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Donkey Republic: Annual report 2022
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Preliminary audit of financial statements
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Record high revenue of EUR 9.0m in 2022 up more than 80% from last year and in line with guidance
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Adjusted EBIT guidance for 2023 as a consequence of global supply chain, development in organisation, investment in product development and new product extension of docking stations to cities
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Correction: H1 2022 Interim Report – Donkey Republic growth revenue by 90% compared to 2021
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Grant of warrants
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DonkeyRepublic Holding A/S: Notification of transactions by persons discharging managerial responsibilities and persons closely associated with them
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Donkey Republic is ready to expand in Germany
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New employee representative in the Board of Directors of Donkey Republic
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Donkey Republic – Resolutions from Extraordinary General Meeting 2022
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Donkey Republic convenes for Extraordinary General Meeting
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Donkey Republic achieves record high quarterly revenue due to start of subsidized operations and strong summer season
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Onboarding of Chief Operating Officer (COO) in Donkey Republic
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New partnership to solve commuting challenges and congestion on the roads
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Ex-Penneo CEO Niels Henrik Rasmussen becomes new CEO at Donkey Republic
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H1 2022 Interim Report – Donkey Republic growth revenue by 90% compared to 2021
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Donkey Republic secures EUR 5 million in debt for vehicle financing through Nefco
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Donkey Republic has started operating in Antwerp Region today
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Doubling of revenue in Q2 vs last year puts Donkey Republic on track to achieve their revenue target of EUR 9m to 10m in 2022
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Donkey Republic aims for profitability already in 2023 but moderates growth ambitions
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DonkeyRepublic Holding A/S: Notification of transactions by persons discharging managerial responsibilities and persons closely associated with them
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Donkey Republic Expansion in Finland is now Becoming a Reality
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Donkey Republic – Resolutions from Annual General Meeting 2022
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CORRECTION: Donkey Republic convenes for annual general meeting
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Donkey Republic convenes for extraordinary general meeting
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Strong growth in revenue puts Donkey Republic on track to double their revenue in 2022
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Annual Report 2021: Donkey Republic realizes 73% revenue growth!
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Donkey Republic aims to raise up to €3M in debt capital through Oneplanetcrowd for fleet expansion in 2022
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Donkey Republic estimates 72% revenue growth in 2021 and expects 100% growth in 2022
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Donkey Republic expects to close 2021 with €4.9-5.0M in revenue, and to double it in 2022.
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Donkey Republic secures 5,5M EUR in debt for vehicle financing through the Danish Green Investment Fund (DGIF).
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Dordrecht is turning orange – Donkey Republic bike-share is coming to town
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Donkey Republic and GLS Bank – a Strong Alliance for Sustainability
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10,000 Donkey Republic bikes to be recycled in new “Free bike” program created by Lyon Metropole
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Donkey Republic is now available in travel planner app Gaiyo in the Netherlands
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Donkey Republic Expansion in Belgium is now Becoming a Reality
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Donkey Republic Q3 2021: Key Performance Indicators
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DonkeyRepublic Holding A/S – Resolutions from extraordinary general meeting
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DonkeyRepublic Holding A/S: Notification of transactions by persons discharging managerial responsibilities and persons closely associated with them
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Mobility-app fully integrates with one of Europe’s largest bike sharing solutions: Donkey Republic
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Donkey Republic convenes for extraordinary general meeting
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Donkey Republic generates 12.5M DKK in total revenue in the first half year of 2021
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Donkey Republic Q2 2021: Key Performance Indicators
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Donkey Republic expansion in Belgium: Final contenders for 10-year contract with Antwerp
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Donkey Republic is now on Google Maps!
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DonkeyRepublic Holding A/S: Notification of transactions by persons discharging managerial responsibilities and persons closely associated with them
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Donkey Republic launches e-bike deal today in the Tour de France starting city Brest
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Registration of capital increase completed
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Donkey Republic Holding A/S successfully completes total capital raise of up to DKK 110 million
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DonkeyRepublic Holding A/S has applied for admission to trading on Nasdaq First North Growth Market Denmark
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Donkey Republic announces plans to list on Nasdaq First North in Copenhagen
Upcoming Financial Events
All of Donkey Republic upcoming reporting events can be found in the column on the right.
Upcoming Events
No upcoming events scheduled | |
Board of Directors
Marina Kolesnik
Jens Kramer Mikkelsen
Karl Erik Wenngren
Jesper Lilledal Holmgaard
Caroline Søeborg Ahlefeldt
Erdem Ovacik
Executive Management Team
Niels Henrik Rasmussen
Morten Nybye-Petersen
Christian Dufft
The Executive Management Team is responsible for the daily operations of Donkey Republic. In addition, the Executive Management ensures that the Company’s bookkeeping follows the applicable rules and regulations, and that the administration of the Company’s assets is carried out in an appropriate manner. The executive management team consists of capable people with deep understanding of the mobility market, extensive leadership skills and previous experience of start-up and entrepreneurship as well as experience from large, listed corporations.
Legal & General Meetings
Explore our legal documents and the General meetings from 2021 onwards below.
Legal Documents
General Meetings
Notice – Annual General Meeting 2023
Notice – Extraordinary General Meeting 2021
ESG
Our Approach
At Donkey Republic, we provide sustainable mobility solutions to urban areas, to improve public health, space utilization, congestion, and the release of greenhouse gas emissions into the atmosphere, as well as reducing noise pollution. We provide a better alternative transportation mode in integration with public transport. We aim to deliver a high quality and affordable bike sharing service with a value chain approach to our operations and production of vehicles. Serving cities with responsible operations, including enforcement of proper parking restrictions as well as employing our mechanics, and avoiding grey zones practices such as “gig economy”.
Donkey Republic commits to consider ESG factors in business decision making. To conduct internal assessments in alignment with ILO, UNGP, OECD guidelines, including climate risk vulnerability assessments and implementing our supplier framework with particular focus on the battery supply chain. We aim to substantially contribute to climate change mitigation, while respecting human & labour rights, environment and anti-corruption in our business activities.
“We are a company that works for sustainability and sharing economy, and we are proud that our services have to date converted more than 3 million car and bus transports to bicycle rides. We are a green company that is growing very strongly, and that in cooperation with the cities for our mission to develop a better quality of life in cities for its citizens”
Niels Henrik Rasmussen – CEO of Donkey Republic
Donkey Republic substantial contribution 2023
528
Tons of Co2
Saved
1.2m
DKK in congestion savings
77.5m
DKK in health benefits