Aramis group: 15% organic sales growth in 2023/2024
(CercleFinance.com) - Aramis Group reports sales of E2.
2bn for FY 23/24, up 15% organically on the previous year.
The used car group highlights +21.9% growth in volumes of vehicles sold to private customers, including +12% for reconditioned cars and +81% for pre-registered vehicles, outperforming the used car market (+4.7%).
Operating income came to E12.2m (vs. -E20.9m a year earlier), with FY net income of E5m, a far cry from the loss of E32.3m recorded a year earlier.
Adjusted EBITDA came to E50.4m, up more than fivefold in one year (+423%).
On the strength of these results, we approach 2025 with confidence, determined to maintain profitable growth and strengthen our cash generation, said Nicolas Chartier and Guillaume Paoli, co-founders of Aramis Group.
In concrete terms, the group is targeting double-digit growth in volumes of reconditioned vehicles sold to private individuals by 2025, for total growth in volumes of vehicles sold on a "high single digit" basis, LFL, as well as adjusted EBITDA in excess of E65m.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
2bn for FY 23/24, up 15% organically on the previous year.
The used car group highlights +21.9% growth in volumes of vehicles sold to private customers, including +12% for reconditioned cars and +81% for pre-registered vehicles, outperforming the used car market (+4.7%).
Operating income came to E12.2m (vs. -E20.9m a year earlier), with FY net income of E5m, a far cry from the loss of E32.3m recorded a year earlier.
Adjusted EBITDA came to E50.4m, up more than fivefold in one year (+423%).
On the strength of these results, we approach 2025 with confidence, determined to maintain profitable growth and strengthen our cash generation, said Nicolas Chartier and Guillaume Paoli, co-founders of Aramis Group.
In concrete terms, the group is targeting double-digit growth in volumes of reconditioned vehicles sold to private individuals by 2025, for total growth in volumes of vehicles sold on a "high single digit" basis, LFL, as well as adjusted EBITDA in excess of E65m.
Copyright (c) 2024 CercleFinance.com. All rights reserved.