OmniCar’s Q2 results showed a growth rate of 383% year-on-year, with both the business line OmnicarSale (online sale of used E-cars) and OmnicarService showing strong growth. Furthermore, the company announced a capital injection of SEK 14.4m from new strategic investors to support the growth plan.

We will host an event with the management on Wednesday at 3:30 PM, where we will dive deeper into the financials of the second quarter and look at the capital situation, where the company is still investing in growth, especially in the capital intense business line OmicarSale.

Disclaimer: HC Andersen Capital receives payment from Omnicar for a DigitalIR/Corporate Visibility agreement.