Dott Reports Q2 Profit Surge as Strategic Fleet Overhaul Takes Hold

The company’s latest financial data highlights a successful pivot toward higher unit economics. Net revenue hit €47.5 million, marking a 3% year-on-year increase on a like-for-like basis. This growth stems from the deployment of a modernized fleet, which has driven a 19% revenue boost in markets where new vehicles were introduced. By strategically underdeploying older, less profitable models, Dott is generating more revenue per vehicle per day than in the previous year.

Following these results and a strong start to July—where EBITDA reached €5.6 million with a 28% margin—the company has narrowed its full-year 2026 Adjusted EBITDA guidance to a range of €30 million to €35 million. Management noted that while the fleet will remain smaller than originally planned for the remainder of the year, performance in key markets continues to exceed expectations.

Leadership changes accompany the financial update: Raoul Gatzen has stepped down as CFO to join Starship Technologies. Chris Hadfield, formerly VP of Corporate Strategy, has been appointed interim CFO while the company conducts a search for a permanent successor. CEO Maxim Romain credited the recent performance to an 18-month restructuring effort, noting that the combination of new hardware and a leaner headquarters cost base has finally begun to reflect in the company's bottom line.