EQS-News: AUTO1 Group SE: AUTO1 Group reports record results in 2022
EQS-News: AUTO1 Group SE
/ Key word(s): Annual Results/Quarter Results
AUTO1 Group reports record results in 2022 AUTO1 Group strengthened its position as Europe’s largest used car platform and grew market share by 19% to 2.5% in 2022 despite a sharp decline in used car market transactions in Europe. Berlin, February 23, 2023 – AUTO1 Group SE, Europe’s leading digital automotive platform for buying and selling used cars, today reported financial results for the full year and fourth quarter of 2022, highlighting a record year in revenue, unit sales, gross profit and market share.
In Q4 2022, Autohero significantly improved its gross profit per unit (GPU) while at the same time growing units and revenue strongly compared to Q4 2021. The number of units sold via Autohero grew to 16,647 units, while revenue increased to EUR 265.0 million. Autohero GPU improved by threefold to EUR 1,254. In the Merchant segment, 133,744 units were sold to partner dealers over the course of Q4 2022. Merchant revenue was EUR 1.2 billion and gross profit was EUR 90.0 million. AUTO1 Group sold 150,391 units in total in Q4, generating revenue of EUR 1.4 billion and reported gross profit of EUR 114.5 million. Adjusted EBITDA was EUR (36.0) million for the quarter, a year over year improvement of EUR 9.0 million.
AUTO1 Group provides the following full-year guidance for 2023:
The Group’s essential financial results for the fourth quarter and full year 2022 can be found in the company’s quarterly and full year trading update presentation in the Investor Relations section of the AUTO1 Group homepage. AUTO1 Group will publish its annual report for 2022 on 5 April 2023. About AUTO1 Group
For more information please visit www.auto1-group.com
Investor Relations contact Alexander Enge Senior Manager Investor Relations Phone: +49 (0)30 - 2016 38 213 Email: [email protected]
Media Relations contact Christine Preyer Director Communications & PR Phone: +49 (0)175 64 59 192 Email: [email protected]
Forward Looking Statements This publication contains forward-looking statements based on current views and assumptions of AUTO1 Group’s management and made to the best of such management’s knowledge. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that could cause AUTO1 Group’s revenues, profitability or the degree to which it performs or achieves its targets to materially deviate from what is explicitly or implicitly stated or described in this publication. Therefore, persons who obtain possession of this publication should not rely on such forward-looking statements. AUTO1 Group accepts no guarantee or responsibility regarding forward-looking statements and will not adjust them to future results or developments.
[1]&2 GPU doesn't equal GP/units retail, due to the exclusion of the positive impact of capitalization of refurbishment costs of not yet sold cars.
23.02.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. |
Language: | English |
Company: | AUTO1 Group SE |
Bergmannstraße 72 | |
10961 Berlin | |
Germany | |
Internet: | https://www.auto1-group.com/de/ |
ISIN: | DE000A2LQ884 |
WKN: | A2LQ88 |
Indices: | SDAX |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Tradegate Exchange |
EQS News ID: | 1566355 |
End of News | EQS News Service |
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1566355 23.02.2023 CET/CEST
AUTO1 Group SE Aktie
Aktuell gibt es mit 3 Buy-Einschätzungen und 0 Sell-Einschätzungen ein positives Sentiment für die AUTO1 Group SE Aktie.
Das niedrigere Kursziel von 9 € im Vergleich zum aktuellen Kurs von 9.19 € für AUTO1 Group SE führt zu einem negativen Potenzial von -2.01%.