FY20 Profit Guidance

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    Highlights
    • Net profit after tax expected to be between $3.2 million and $3.4 million for
    FY2020, a significant improvement on FY19 NPAT of $1.3 million
    Vmoto Limited (ASX: VMT) (“the Company” or “Vmoto”) is pleased to advise that, despite challenging
    market conditions during 2020 amid the COVID-19 outbreak and subsequent global lockdowns, the
    Company has continued to ramp up its international strategy and expects to achieve NPAT of between $3.2
    million and $3.4 million for FY20.
    During the year, Vmoto achieved a number of key operational and commercial milestones, which included:
    • Securing orders of 4,300 units from the Company's strategic ride-share customer, Go Sharing
    • Additional international distributors secured, bringing the total to 50 international B2C distributors
    across 62 countries in the world
    • Strong growth across B2B operations, leveraging the increased popularity of delivery and ridesharing services
    Vmoto’s Managing Director, Mr Charles Chen commented: “I am delighted to announce we will deliver a
    significant increase in NPAT for this financial year when compared to 2019. The COVID-19 outbreak has
    provided great uncertainty and disruption for businesses globally but we are agile and responded quickly by
    making small changes to our international strategy, which has proven to be incredibly fruitful. We look
    forward to continuing this growth trajectory in 2021.”
    -ends

    courtesy of Bell Direct
    ==============================================================================

    DYOR

    i hold VMT

    might have made too many poor decisions in the past

    this pandemic is not over yet , all that paused debt still has to play out before my can see where we are

  2. 82.9k
    Posts

    FY21 Profit Guidance
    Global electric vehicle company, Vmoto Limited (ASX: VMT) (the Company or Vmoto) is pleased to
    advise that the Company has continued to ramp up its international growth strategy and expects
    to achieve net profit after tax (NPAT) of between $7.5 million and $7.8 million for FY21 (the final
    results being subject to completion and independent audit), which is a signifcant increase on FY20
    NPAT of $3.7 million and will be the largest net profit ever achieved in Vmoto’s history.
    During FY21, Vmoto achieved a number of key operational and commercial milestones, which
    included:
    • Record expected NPAT for year ended 31 December 2021, the highest since Vmoto's
    establishment
    • In excess of 30,000 units sold in FY21, a significant increase on the 23,547 units sold in FY20
    • Positive operational cash flows for FY21
    • Strong cash position with no bank debt as at 31 December 2021
    • Additional international B2C distributors secured, bringing the total to 58 across 62
    countries
    • Strong growth across B2B operations, leveraging the increased popularity of last mile
    delivery and ride-sharing services
    • Launch of the new Vmoto premium brand and associated products
    Vmoto’s Managing Director, Mr Charles Chen commented: “I am delighted to announce we will
    deliver a significant increase in NPAT for this financial year when compared to 2020. We remain
    confident the underlying fundamentals of the business will continue to deliver strong growth
    throughout key international markets. We are also extremely excited to have launched the new
    Vmoto premium brand and products having worked alongside a number of top industrial design
    partners in Europe to bring a wider range of products to the international markets. The Company's
    vision for the new brand is to create a feeling of excitement and joy for riders of Vmoto's zero
    emission electric motorcycles and mopeds1
    , whilst to helping to preserve the environment for future
    generations."
    The Company is also very excited to have launched its new “VMOTO” premium brand, aiming to
    supply high quality products to international markets, with a key focus on Australia, Europe and the
    United States. The new “VMOTO” premium brand has been designed to position the Company at
    the cutting edge of zero emission, electric motorcycle and moped products1
    . The new “VMOTO”
    premium brand is the Company’s proprietary brand and complements Vmoto’s strategic, global
    expansion plans.
    The Company launched the first model of its VMOTO premium B2C product series, VMOTO STASH
    and its new VMOTO B2B/Fleet product, the “Concept F01”, at the recent 2021 Esposizione
    2
    Internazionale Ciclo Motociclo e Accessori (“EICMA”) Motorcycle Show, where both new products
    were well received.
    -endsThe announcement was approved for release by the Board of Vmoto Limited.

    courtesy of Bell Direct
    ==============================================================================

    DYOR

    i hold VMT

    might have made too many poor decisions in the past

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