Nextbike targets 2018 EBITDA at PLN 16.4 mln

Bike sharing operator Nextbike targets 2018 EBITDA at PLN 16.4 million, a 5 percent increase compared to 2017. Revenue is seen at PLN 70.5 million, 62 percent more than last year. The company also estimates that the number of bicycles available through its system will reach 17,800 by the end of 2018. In Q2 Nextbike revenue amounted to PLN 15.9 million, EBITDA was PLN 5.3 million, and net profit stood at PLN 1.8 million.