Flix investment expected to bring further growth

An investment into Flix SE, the global travel tech company that owns FlixBus UK, is expected to generate further growth for the business.

Investment organisations EQT Future and Kühne Holding are to acquire a 35% minority stake in Flix SE. In addition to a primary investment in Flix, EQT Future and Kühne Holding will acquire shares from existing shareholders to build a long-term anchor shareholding in Flix. This investment is expected to further strengthen Flix’s balance sheet and help accelerate the company’s trajectory of profitable growth. The closing of the transaction is subject to certain customary conditions and regulatory approvals.

The investment comes at a time of continued significant growth momentum and strategic expansion at Flix. The company reported 30% total revenue growth in 2023 and thus, for the first time, reached EUR 2 billion in annual total revenue. This comes at an increased profitability with adjusted EBITDA of 104 million in 2023. To further strengthen its geographical presence, Flix has recently entered two of the most important bus markets worldwide: Chile and India.

“Their capital and know-how will be a strong asset to our company’s overall strategic vision” – André Schwämmlein, CEO and Co-Founder of Flix

André Schwämmlein, CEO and Co-Founder of Flix, said: “We are delighted to welcome EQT Future and Kühne Holding as strong and purpose-driven investors with proven track records of building upon sustainable long-term investment strategies. Their capital and know-how will be a strong asset to our company’s overall strategic vision. We couldn’t ask for better partners to embark on the next chapter of Flix’s journey.”

FlixBus is significantly expanding its services in UK, Portugal and Ukraine and has launched in Norway and Finland. Flix’s clear ambition is to reach market leadership in these markets.

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