UPDATE: In May Menucard successfully reached its goal of 1,000,000 SEK in restaurant revenue. In fact, it procured 1,000,000 dkk which translates to approximately 1,315,097 sek. See HERE for more information.
Copenhagen, May 23, 2017
MenuCard: 280 restaurants, 115 companies, 11,336 users, approaching 1Msek in restaurant revenue per month
After the listing on AktieTorget in February 2017, MenuCard AB (“MenuCard”) has experienced a strong growth in all parameters, especially since April 1, 2017 where focus has been upon building the business. MenuCard has built more partnerships with prominent restaurants and restaurant-chains, added more companies, expanded its service to include a special version of its app for waiters, and entered into a partnership that will allow Menucard users to order-in (=delivery of) food from more than 200 restaurants. Last, but not least, MenuCard has increased its user-base and experienced a strong growth in revenue.
For more information, please see this PRESS RELEASEdetailing the company’s development. The graph, below, (blue line) shows sales at restaurants after discount, ie the amount to be settled via MenuCards app. Based on previous performance and what is expected for the rest of the month, the board expects MenuCard to have a restaurant turnover after discounts of approximately 850,000 DKK, corresponding to approximately 1 100 000 SEK. If this is achieved, the company achieves the target of MSEK 1 in restaurant turnover per month.
Kim Lykke Summer comments: “I am pleased and proud that MenuCard’s business is now seriously growing after the listing. Thus, we show that our unique business model both works and is scalable. Furthermore, MenuCard’s future looks bright in 2017 and has a strong foundation for further growth in both Denmark and abroad. “