Financial overview
Movinn financial report data and keyfigures. History for income statement, balance sheet and cash flow.
Description
Movinn has created an integrated supply chain, consisting of inhouse IT-products, real estate projects, own furniture production brand, own linen laundry and in-house provision of all services. In addition, Movinn has created new services and revenue streams that act as self-employed brands and companies, in total 5 brands under the Movinn umbrella. Globally, the Serviced Apartment sector is fragmented, spanning from tourism short term holiday rentals to mid term corporate rentals – to long term corporate rentals. As Movinn don ́t offer any short term staying for tourists, Covid 19 has hit Movinn less hard than other players in the industry that relies on short term tourism, which ultimately has caused several of these companies to scale down. This opens up opportunities for companies such as Movinn, with adequate infrastructure in place.