Freetrailer Group A/S reported a 26% year-over-year increase in net revenue for the second quarter of 2026, prompting the company to raise its full-year guidance. Revenue reached DKK 50.0 million in Q2, compared with DKK 39.6 million in the same period a year earlier, while total rentals grew 22.3% to 559,333 units.
The company’s cash position strengthened to DKK 41.4 million as of June 30, up from DKK 30.5 million a year prior, though adjusted EBIT declined 19.8% to DKK 8.8 million. Profit before tax fell 18.7% to DKK 7.6 million, impacted by DKK 4.5 million in one-off strategic costs. The adjusted EBIT margin stood at 11.9%.
Fleet expansion continued with the total number of rental units rising 23.7% year-over-year to 7,268 by quarter-end. Closed-trailer production capacity increased to 75 units per week from 40 previously, while the company added 658 new product agreements and expanded its retail partner network by 35% to 323 partners. The rental app now serves over 1.31 million users, all operating on a self-service basis.
Geographic performance varied, with Denmark reporting a 94.4% utilization rate and 21% partner growth, while Sweden saw utilization decline 2.1 percentage points to 70.3% despite a 31% location expansion. Germany, the fastest-growing market, expanded locations by 100% and trailers by 84%, though utilization fell 6.9 percentage points to 29.8%. The Netherlands, established 15 months prior, reported a 31.1 percentage-point improvement in utilization to 61.6%.
Freetrailer raised its full-year 2026 net revenue guidance to DKK 178-185 million, representing 24-28% growth, up from the previous range of DKK 168-178 million. EBIT guidance was increased to DKK 27-32 million with a margin of 16-17%, compared with the prior DKK 20-30 million and margin of 12-17%.
CEO Thomas Zeihlund described the quarter as demonstrating "continued momentum" ahead of the company’s Strategy 2030 announcement scheduled for September 17, 2026.
