Toosla announced on Friday that it had accelerated its growth in the 2022 financial year, generating sales up 89%, in line with the trajectory announced at the time of its IPO at the end of 2021.

The company, which specializes in the digital rental of short-term cars, generated sales of 7.7 million euros last year, compared with 4.1 million euros in 2021.

Although this figure is lower than the forecast made by analysts Invest Securities (8.7 million euros), the company has stated that it expects its growth momentum to continue in 2023.

In its press release, Toosla states that its business doubled in January alone, while also pointing to excellent bookings for the winter vacations.

The company stresses that the rest of the year also looks promising, believing that its markets still offer "excellent development prospects".

To meet strong customer demand, in February the company secured the doubling of its fleet for the 2023 financial year, with a peak of 1,200 cars planned for the high season.

In terms of development, Toosla plans to concentrate its efforts on Paris and Madrid, where the short-term rental market is deep and
where it has solid positions.

Listed on the Paris Bourse, its share price climbed 12.5% after this publication.

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