Toosla exceeds its targets in 2023 and increases its forecasts for 2024

Toosla, a digital player in short-term car rental, announced a turnover of 10.5 million euros for 2023, surpassing its initial target of 10 million euros. This result marks a significant increase compared to the previous year and exceeds the company's expectations.

The second half of 2023 was particularly strong for Toosla, with adjusted EBITDA of 9.2%, significantly above the 7% target set earlier in the year. However, the annual results were impacted by underperformance in the first half as well as non-recurring costs.

Building on these results, Toosla has raised its objectives for 2024, targeting a turnover of 12 million euros and an adjusted EBITDA margin of 13.5%. Management expresses cautious optimism for the year ahead, building on recent initiatives that are expected to support the company's growth.

The company plans to expand its offering with the launch of new subscription options, MyToosla and MyToosla+, which promise to innovate the automotive mobility sector. These services are expected to help diversify Toosla's revenue streams and strengthen its market position.