Dott Reports €20 Million LTM Adjusted EBITDA as Fleet Upgrades Pay Off
With an adjusted EBITDA of €11 million for the second quarter, Dott has reached a twelve-month rolling total of €20 million. The Amsterdam-based micro-mobility operator credits this performance to the deployment of 45,000 new vehicles and a series of cost-cutting measures that have significantly improved group-wide unit economics.
The company’s net revenue hit €47 million for the quarter, marking a 3% year-on-year increase on a like-for-like basis. Operational efficiency drove the adjusted EBITDA margin to 22%, a 14-percentage-point jump compared to the previous year. This growth follows a strategic shift in 2025 that included exiting underperforming markets and streamlining internal organization.
Direct investment into hardware has proven critical. By deploying 13,000 new e-bikes and 32,000 new e-scooters across Europe and the Middle East, Dott saw a 19% revenue boost in those target markets. Net revenue per vehicle per day climbed 11% to €3.50. Despite a 12% reduction in the total fleet size—now at 150,000 vehicles—the company is operating with higher profitability per unit. CEO Maxim Romain noted that these upgrades have successfully created a platform for sustainable growth. Consequently, the company has reaffirmed its full-year 2026 adjusted EBITDA guidance of €30–40 million.
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