In a recent interview with the German financial newspaper “Börsen-Zeitung”, our CFO Veronika Heise-Rotenburg spoke about the financial situation and future of Everphone.
Everphone presents itself as a financially well-positioned company mobile device rental company that does not need an IPO or new financial investors for the time being. “We are fully financed in terms of debt capital for the next twelve to 18 months,” said Veronika.
On the road to profitability
Since the end of 2023, Everphone has raised 250 million euros in debt capital and 21 million euros in equity. This capital is sufficient to achieve the company’s profitability. With around 250 employees, Everphone leases approximately 400,000 mobile devices to 2,000 companies, including well-known corporations such as EY and Henkel.
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Trend: asset-based financing
Asset-based financing is becoming increasingly important and is supported by development banks like KfW.
“The trend is towards using instead of owning,” says Veronika, summarizing the development. This strategy opens up new growth opportunities for Everphone and other start-ups that go beyond traditional equity.
You can read the full interview here (in German): https://www.boersen-zeitung.de/unternehmen-branchen/firmenhandy-vermieter-everphone-kratzt-an-der-gewinnschwelle
