From GlobeNewswire: 2024-05-27 11:36:00

Aramis Group reports a successful first-half of 2024, with a 26% increase in volumes and a surge in EBITDA to €16 million. Customer satisfaction remains high, with an NPS of 71. Revenue reached €1,098.3 million, up 16.7% organically. The group’s adjusted EBITDA spiked to €16.2 million from €1 million in the first half of 2023.

B2C vehicle sales rose by approximately 26%, with a 9.8% increase in refurbished cars and a massive 137.7% increase in pre-registered vehicles. The company’s growth outperforms the used car market by 24 percentage points. Gross profit per unit was over €2,150, the highest among European players.

Revenues from B2C sales jumped by 23.2% to reach €964.9 million, thanks to increased availability of used vehicles. Pre-registered car sales saw a remarkable 128.3% increase. B2B sales, however, declined by 27.9%. Services revenue increased by 10.9%. France, the UK, and Austria experienced significant revenue growth.

The company’s net debt decreased to €76.5 million from €110.1 million in the previous year. Aramis Group raised its full-year guidance, with B2C vehicle sales expected to exceed 110,000 units and adjusted EBITDA to surpass €32 million. A Capital Markets Day is scheduled for November 27, 2024, to provide detailed insights into the company’s business model and strategy.



Read more at GlobeNewswire:: Aramis Group – 2024 first-half results