In Q1 2025, the Group reached revenue of 9.7 million euro — a 14% increase compared to Q1 2024. Following a 24 million euro investment in fleet expansion during 2024, the Group is now focused on maximizing returns by prioritizing the rental of own equipment. This strategy is already yielding results: rental income from own fleet grew by an impressive 22%. EBITDA increased to 1.9 million euro, reflecting a solid gain of nearly 300 thousand euro, compared to Q1 2024.

Storent has launched its new web platform across all five operational countries, marking a significant milestone in the Group’s digital transformation. Each country operates a tailored version of the platform, adapted to meet specific market conditions and customer preferences, ensuring relevance and usability across diverse regions. With a growing share of orders now placed online, the platform plays a crucial role in enhancing the customer experience. The new interface is faster, more intuitive, and user-friendly.

In Q1 2025, Storent opened three new rental depots—in Kaunas (Lithuania), Gulbene (Latvia), and Sigulda (Latvia) — bringing the total number of locations to 32. These openings reflect Storent’s strategic focus on strengthening its regional footprint and increasing proximity to customers. As part of its broader growth strategy, the Group is actively expanding sales activities, entering new local markets, and enhancing accessibility to support rising demand and accelerate revenue growth across all operational countries.

In April Storent Holding successfully completed its largest bond issuance to date, raising €23 million at a fixed annual interest rate of 10%, despite challenging global market conditions. The offer attracted over 1,600 investors from 17 countries, with 22% of demand coming from institutional investors—demonstrating strong market confidence in Storent’s growth strategy. Notably, €16 million came from new investors, and €7 million via bond exchange. The funds will be used to refinance existing bonds and support fleet expansion and international growth, including potential U.S. market entry.

The Group will continue to reinforce its key pillars of people, equipment, and technologies. To support our high-performance culture, we will invest in training and motivation programs for our expert team, united by our core company values. We will strengthen our operating fleet across 25 product groups and trusted brands, ensuring continued growth and operational excellence. Furthermore, we will advance our position as an industry leader in digitalization and online sales by further developing data-driven operations and automating workflows. Additionally, we will continue to enhance our new web platform to offer even more value to our customers.

Baiba Onkele

Member of the Board and CFO of Storent Holding

Mobile: + 371 29340012

E-mail: baiba.onkele@storent.com

www.storentholding.com