Following new insights during the Q2 earnings such as percentage of risk vehicles in different regions, cost-efficiency measures, demand and pricing trends, I have updated the 2024 estimates as follows;
Headwinds considered in the update include;
- 60 million euros increase in depreciation and amortization expense.
- 55 million euros increase in other operating expenses.
- 12 million euros increase in fleet expenses.
- 2 million euros increase in financial result.
Tailwinds considered in the update include;
- 55 million euros increase in revenue.
- 22 million euros reduction in personal expenses.