Freetrailer Group A/S reported a 26% year-over-year increase in net revenue for the second quarter of 2026, driven by higher rental volumes and expanded retail partnerships. The Danish trailer rental company posted net revenue of DKK 50.0 million in Q2, up from DKK 39.6 million a year earlier. Earnings before interest and tax (EBIT) declined 19.8% to DKK 8.8 million, while profit before tax fell 18.7% to DKK 7.6 million, reflecting strategic investments and higher operating costs.
The company’s adjusted EBIT margin stood at 11.9% after accounting for one-off costs totaling DKK 4.5 million. Total rentals rose 22.3% year-over-year to 559,333, with monthly figures showing consistent growth across April (182,331), May (198,248) and June (178,754). The group’s fleet expanded to 7,268 rental products by quarter-end, a 23.7% increase, supported by 1,115 units in the pipeline, including 898 new trailers.
Freetrailer raised its full-year 2026 guidance, now projecting net revenue of DKK 178–185 million, up from the previous range of DKK 168–178 million. EBIT is now expected between DKK 27–32 million with a margin of 16–17%, compared with prior guidance of DKK 20–30 million and a 12–17% margin. The company also announced a DKK 20 million share buyback program scheduled from August 31 to December 2026, following a 1.85% rise in its share price to DKK 60.50.
Operational metrics reflected strong growth in retail partnerships, with 323 partners at the end of Q2, a 35% year-over-year increase. The group’s app-based self-service model maintained 1.31 million users, while its net promoter score remained at 80 out of 100. Country-specific utilization rates varied, with Denmark at 94.4%, Norway at 80.5%, Sweden at 70.3%, the Netherlands at 61.6% and Germany at 29.8%. The company plans to expand its German sales team from two to six personnel and launch a user awareness campaign in mid-September.
Chief Executive Thomas Zeihlund described the quarter as demonstrating "continued momentum" ahead of the unveiling of the company’s Strategy 2030 on September 17, including a pre-market announcement and a webinar at 12:30 PM CET.
