India, July 14 -- Danish bike rental company DonkeyRepublic Holding A/S (6UJ.F) said on Monday that it is lowering its fiscal 2025 EBITDA and EBIT outlook from the earlier one announced in January. The downgrade is mainly due to delayed bike deployments in new cities and lesser number of licenses being issued in the Netherlands.
The company now expects annual EBITDA between 22 million Danish Kroner and 32 million Danish Kroner, down from the earlier range between 27 million Danish Kroner and 37 million Danish Kroner. Full-year EBIT is now expected between negative 5 million Danish Kroner and 2 million Danish Kroner, lower than the previous range of 1 million Danish Kroner and 6 million Danish Kroner.
According to the company, revenue is n...