Omnicar - repairs to your doorstep

Q3 results. Growth in Omnicar service business was again good, +88% YTD. Total revenue 23.2m (4.8m), but that is probably not very comparable.
Losses grew largely in the same proportion as total revenue (except on the EPS line, loss grew only about 100%, but with dilution included, so that is probably not comparable either).

Profitability was weighed down by the scaling down of the car sales business and the sale of remaining inventory, which will affect Q4 even more strongly. However, they are aiming for positive cash flow next year, and at least in terms of OMS (Omnicar Service) revenue, they have previously met their guidance well.

1703854.pdf (cision.com)

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