OK Mobility Group achieves a "record" turnover of 223 million until September, 16% more

Mobility services manage to exceed the turnover for all of 2022 in September 2023 with 152 million euros.

OK Mobility Group achieves a "record" turnover of 223 million until September, 16% more

Mobility services manage to exceed the turnover for all of 2022 in September 2023 with 152 million euros


OK Mobility, a Spanish mobility platform, registered a "record" turnover of 223 million euros until September, which represents an increase of more than 16% compared to the same period in 2022.

The data has been presented by the CEO and founder of the company, Othman Ktiri, who has highlighted a "strong" growth in the company's mobility services, which, with a turnover of 152 million euros between January and September of this year , has exceeded the billing for the entire year 2022, this figure being 21% higher than that of the same period of the previous year.

The rest of the turnover, more than 71 million euros, comes from the sale of its fleet (remarketing) that the company carries out in more than 15 countries through its own distribution channels.

During the event, which brought together more than 100 representatives of the national and international financial sector, OK Mobility presented a record operating margin, which stood at 110 million euros from January to September, reflecting an increase 6% compared to the same period in 2022.

On the other hand, the gross operating result (Ebitda) stood at 59 million euros at the end of September, which, according to the company's financial director, Francisco Muñoz, "demonstrates the resilience" of its business model.

The company also explains that this year they have achieved positioning and maturity due to the transformation of the company from a Limited Company (SL) to a Public Limited Company (SA), with the aim of sophisticating and strengthening its corporate structure and improving its financial capacity.

This has also provided the possibility of expanding the maximum balance of its promissory note program registered in the Alternative Fixed Income Market (MARF), reaching the figure of 150 million euros.

The company born in Mallorca also points out that in the operational section, 2023 "is being synonymous with expansion" in terms of "geographical footprint." Internationally, they have grown with 70 'OK Stores' in 15 countries, highlighting this year the opening of five new markets such as Morocco, France, Turkey, Albania and Romania.

Likewise, the mobility company has highlighted the expansion in qualitative terms, having carried out a strong expansion this year in markets already present, in addition to having consolidated its presence in Spain, the company's home market, thanks to new openings within from the main airports, train stations and centers of the Spanish capitals.

Finally, the company wanted to emphasize that this path of consolidated growth is a reflection of its commitment to a "disruptive and transformative" business model within the mobility sector.

OK Mobility indicates that it is consolidating itself as a mobility platform by providing global solutions through a wide range of available vehicles, which includes everything from cars and motorcycles to microcars, camper vans, industrial vehicles, vehicles adapted for people with reduced mobility, boats and yachts.

Furthermore, the company indicates that it has experienced exponential growth in the services offered, where in addition to the rental and sale of vehicles, it has positioned new services such as subscription, a flexible, personalized model that adapts to the mobility demands of users. users at all times.