<h2>Today ABG Sundal Collier sponsored research initiates coverage of Donkey Republic. Read the full report <a href="/link/aefae61880f54395a15e77ef37fb91be.aspx"><span style="text-decoration: underline;"><span style="color: #0000ff; text-decoration: underline;">here!</span></span></a></h2> <hr /> <h2>Donkey Republic - A donkey worth riding</h2> <hr /> <p><img src="/link/f1a8c05ff2e34de5ae91963d9a31939e.aspx" alt="example_picture" width="500" height="195" /></p> <hr /> <p><strong>About the company</strong><br />DONKEY is a Danish bike-sharing operator, listed in 2021 and competing in the European micromobility market. Founded in 2014, it now has a fleet of ~24k bikes (of which ~20% are e-bikes) and is present in +60 European cities, municipalities and regions. Key markets include Denmark, Finland, Germany, Switzerland, the Netherlands and Belgium. The company has grown revenues organically by a CAGR of +35% from '18-'25, and its targets imply another +19-24% toward '30, coupled with significantly improving profitability.</p> <hr /> <p><strong>Financials</strong><br /><img src="/link/0b6fef74da3a408c810af01caa627988.aspx" alt="imagex8l3.png" /></p>