OutlookVmoto continues to execute its strategy of selling high...

Outlook

Vmoto continues to execute its strategy of selling high value, high performance electric two-wheel vehicles to international markets. This is executed with the manufacture and marketing of the Company’s proprietary E- max scooters to B2B delivery, sharing and rental customers and the Super Soco range to B2C customers internationally.

At the end of 1H19, the Company had firm orders of 4,452 units, up 47% on 31 December 2018. The increased order book is as a result of higher orders from the Company’s international distributors and demonstrates the rapid growth in adoption rates and demand for the Company’s electric vehicles in international markets.

Vmoto continues to receive significant interest and sales leads due to its current network and marketing activities. With the number of additional distributors signed up in 1H19, increasing firm orders and increasing interest from potential sharing customers, Vmoto’s management remains confident that the Company will continue to increase international sales and further consolidate its position as a leading electric two-wheel vehicle manufacturer and provider to the international markets.

As many are aware, the trade war between United States and China have affected the businesses and operations of many international companies. Pleasingly, the trade war between United States and China are not impacting Vmoto’s international sales.

The Company sees great potential in the B2B market for its high performance electric two-wheel vehicle delivery products and is in discussions with a number of groups regarding cooperation agreements to secure orders. The Company is also on track to develop a new model of its electric delivery scooter, which is expected to be launched at the upcoming EICMA exhibition to be held in November 2019 in Milan.

In 2H19, the Company expects to continue its positive financial performance. (My bold and italics - Nitpicker)