Toosla: annual sales target to be exceeded

(CercleFinance.com) - Toosla announced on Wednesday that it expected to exceed its sales target of around 10 million euros this year, which had little effect on its share price.


The specialist in digital short-term car rental explains that it has been enjoying "very good sales momentum" since the summer of 2023.

On the basis of its sales volume to date and reservations booked up to the end of the year, it already claims to be in a position to achieve sales in excess of 10 million euros this year.

By way of comparison, its sales in 2022 were less than eight million euros.

Given that monthly sales have consistently exceeded one million euros over the past four months, this pace could lead to annual sales of 12 million euros in 2024, in line with the announced target.

In a reaction note, analysts at Invest Securities described the company's performance as "auguring well for the future", but the figures were received with little enthusiasm by investors.

At mid-day, Toosla shares were up by just over 1%, bringing their rebound over the past month to over 45%.

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