Despite a difficult context, the European specialist in the online sale of used vehicles to individuals draws up a good assessment of 2022 and intends to continue its growth this year.
Announcement From Aramis Group
Aramis Group announces a turnover of 493.3 million euros at the end of 2022, an increase of 10.8% in published data and 2.5% on the historical scope excluding acquisitions made in Austria and Italy. The group also recorded strong growth in volumes of reconditioned vehicles sold, up 16.9%, or 17,640 units. On the one hand, sales to individuals (reconditioned and registered) represent 83% of turnover amounting to 362.4 million euros in the 1st quarter of 2023, an increase of 7.5% compared to the 1st quarter of 2022. In detail, the turnover of the reconditioned cars segment amounted to 314.2 million euros, up +25.5% compared to the 1st quarter of 2022, with 17,640 vehicles delivered.
Revenue from the pre-registered car segment amounted to 48.2 million euros, down 44.3% compared to the 1st quarter of 2022, i.e. 2,402 units delivered. Furthermore, Aramis Group notes disparities between countries, with good performances in France and Belgium, less so in the United Kingdom. In addition, average unit selling prices posted a double-digit decline in the United Kingdom against double-digit increases in France, Spain and Belgium. On the other hand, sales to professionals represent 12% of turnover and amount to 52.6 million euros (+36.7% compared to the 1st quarter of 2022). Finally, sales generated by services amounted to 24.2 million euros (+16.4% compared to Q1 2022).
At the same time, Aramis Group acquired Onlinecars (Austria) and now intends to strengthen its teams with the recruitment of a permanent financial director, reduce inventories and reduce net debt. The group also recently acquired brumbrum (Italy), and is focusing on accelerating business, implementing new marketing strategies, and revamping refurbishment processes in the Reggio Emilia center.
With its balance sheet, Aramis Group notes that the market for the sale of second-hand vehicles is in decline in all European countries, particularly in the United Kingdom, as well as in the segment of recent second-hand vehicles. Thus, the macroeconomic, geopolitical and sectoral environment limits the visibility of Aramis Group on its outlook for 2023. The group nevertheless expects positive organic growth in its volumes of reconditioned vehicles sold to individuals, as well as a gradual improvement in its Adjusted EBITDA during the year (excluding restructuring costs).
This article is originally published on auto-infos.fr