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OK Mobility Group exceeds euros 100 million EBITDA and breaks records again in 2022

Feb 8, 2023
  • OK Mobility Group ends the 2022 financial year with an EBITDA of 102 million euros, 70% higher vs. 2021.
  • Among the results obtained, the growth of over 100% in mobility services stands out.
  • The company increased its workforce by 33% to 594 people at the end of 2022.

OK Mobility Group, one of the companies with the highest international projection in the mobility sector, has achieved the best economic result in the company's history in 2022, with an EBITDA of 102.2 million euros, a figure that represents an increase of 70% versus 2021; and an operating result (EBIT) of 77.6 million euros, 61% higher than that obtained in the previous exercise.

Thanks to its disruptive business model that combines different mobility services in 11 countries such as holiday rentals, corporate rentals, subscription and the sale of its fleet through its own distribution channels in more than 15 countries, the global mobility company has achieved new record growth in its main financial figures during 2022.

Among the results obtained, the growth of over 100% in mobility services that the company has achieved is noteworthy. Thus, the mobility services turnover has increased from 72.7 million euros in 2021 to over 149 million euros in 2022, of which 30% already come from outside Spain.

This growth has also been accompanied by an increase in OK Mobility Group's main asset, the human capital, which has increased by 33% throughout 2022, to 594 people at the end of 2022. Undoubtedly, talent attraction is another of the company model's hallmarks, essential to obtain these economic data.

On the other hand, the sale of its fleet (remarketing), which OK Mobility Group carries out in more than 15 countries through its own distribution channels, accounted for 35% of the group's EBITDA in 2022. A figure that once again highlights not only the company's great know-how in remarketingin Europe; it also allows greater efficiency, agility and resilience in the management of its mobility services.

The company also closed the year with a financial debt-to-EBITDA ratio of 1.8, improving the figure for 2021.

These figures show the unique strength and profitability of the OK Mobility Group business model, the high commitment of all employees, and the appropriate strategy that the company is pursuing through its international strategic plan, which has allowed it to enter five new countries in 2022, currently located in 10 countries: on a corporate basis in Spain, Portugal, Italy, Croatia, Greece and Germany and through franchising in Miami, Malta, Serbia and Montenegro. All this under the premise of innovation and sustainability.

Precisely, thanks to this cost-effective and scalable model, the company has set out to continue with its growth strategy by 2023, opening up new countries and gaining market share by penetrating the countries in which it is already present and with a view to becoming global mobility leaders.