PRESS RELEASE
Arcueil, 27 January 2022
Very good growth momentum in the first quarter,
driven by a strong increase in sales of refurbished vehicles
Revenues as of
- Strong growth of +47.3% in revenues1, on a pro forma2 basis, compared to the first quarter of 2021, to €396.2 million. This performance is the result of the success of
Aramis Group's value proposition, built on a unique integrated and digital model, continuously enhanced by multi-local teams focused on customer satisfaction. Customer NPS3 of 67 atend-December 2021 - Rise in volumes, with the increase in deliveries of refurbished vehicles to private customers (+47.8%) more than offsetting the decrease in deliveries of pre-registered vehicles (-27.0%) due to the underproduction of new cars
- General increase in purchase and sales prices in the current specific market environment
- Strong growth in all geographies, with sales growth compared to the first quarter of 2021 on a pro forma basis very significant in
Spain (+117.4%), sustained inBelgium (+55.9%) and inFrance (+27.0%). Continued integration of theUnited Kingdom , enabling a strong acceleration in its performance (+46.3%).Aramis Group's revenues outsideFrance now stand at 56%. - Confirmation of 2022 annual objectives: 1/ growth over +45% in refurbished cars volumes; 2/ total Group revenues over €1.6 billion; 3/ adjusted EBITDA margin of approximately 1.5%
Nicolas Chartier and
«
Q1 2022 B2C volumes (unaudited figures)
In units | On a pro forma5 basis | On a reported basis6 | ||||
Q1 2022 | Q1 2021 | Growth | Q1 2022 | Q1 2021 | Growth | |
Refurbished vehicles | 15,090 | 10,213 | +47.8% | 15,090 | 6,648 | +127.0% |
Pre-registered vehicles | 4,560 | 6,249 | -27.0% | 4,560 | 6,249 | -27.0% |
Total Volumes B2C | 19,650 | 16,462 | +19.4% | 19,650 | 12,897 | +52.4% |
Q1 2022 revenues (unaudited figures)
By segment
In M€ | On a pro forma5 basis | On a reported basis6 | ||||
Q1 2022 | Q1 2021 | Growth | Q1 2022 | Q1 2021 | Growth | |
Refurbished vehicles | 250.5 | 142.0 | +76.4% | 250.5 | 93.3 | +168.6% |
Pre-registered vehicles | 86.5 | 90.6 | -4.6% | 86.5 | 90.6 | -4.6% |
Total B2C | 337.0 | 232.6 | +44.9% | 337.0 | 183.9 | +83.3% |
Total B2B | 38.3 | 22.0 | +74.3% | 38.3 | 12.5 | +207.0% |
Total Services | 20.8 | 14.3 | +45.8% | 20.8 | 10.6 | +97.5% |
Total Revenues | 396.2 | 268.9 | +47.3% | 396.2 | 207.0 | +91.5% |
Total revenues including trading7 | 396.5 | 270.5 | +46.6% | 396.5 | 208.5 | +90.1% |
By country
In M€ | On a pro forma5 basis | On a reported basis6 | ||||
Q1 2022 | Q1 2021 | Growth | Q1 2022 | Q1 2021 | Growth | |
174.4 | 137.4 | +27.0% | 174.4 | 137.4 | +27.0% | |
51.0 | 32.7 | +55.9% | 51.0 | 32.7 | +55.9% | |
80.1 | 36.9 | +117.4% | 80.1 | 36.9 | +117.4% | |
90.7 | 62.0 | +46.3% | 90.7 | 0.0 | n.a. | |
Total Revenues | 396.2 | 268.9 | +47.3% | 396.2 | 207.0 | +91.5% |
Total revenues including trading7 | 396.5 | 270.5 | +46.6% | 396.5 | 208.5 | +90.1% |
Q1 2022 REVENUES
In the first quarter of 2022 (ending
This performance was driven by dynamic volumes in the refubished vehicle segment, whose strong growth more than offset the decline in the pre-registered vehicle segment, illustrating the relevance of the Group's strategy. The quarterly activity also benefited from a significant increase in average selling prices, which was noticeable in some regions.
Capitalising on its expertise and the strength of its multi-channel sourcing,
Revenues by segment
Revenues for the refurbished cars segment were at
Revenues for the pre-registered cars segment stood at
Revenues for the B2C segment as a whole - corresponding to sales of refurbished and pre-registered cars - amounted to
Revenues for the B2B segment amounted to
above 150,000 km).
Finally, revenues generated from services rose by +45.8% on a pro forma basis compared with the first quarter of 2021 to
Revenues by country
Revenues for the first quarter of 2022 were at
Belgium
Quarterly revenues were at
Revenues for the quarter amounted to
Revenues for the first quarter of 2022 reached
CLEAR OPERATIONAL AND STRATEGIC PRIORITIES
Aramis Group’s fiscal year 2022 is structured around clearly defined operational priorities:
- Continue to improve the value delivered to customers through technological, product and service innovations driven by our multi-local teams, this proximity being a major asset in understanding market trends and the expectations of private individuals and therefore in implementing appropriate solutions;
- Increase the sourcing of used vehicles from private individuals. In a context that 1/ is likely to remain tense throughout the year in the new vehicle segment and 2/ is proving to be competitive in used vehicle sourcing channels for professionals,
Aramis will continue its efforts to acquire, in each of its regions and at the right price, the models best suited to local customers; - Continue to increase refurbishing capacities. Whether it is a question of new capacities (two new centres planned for 2022, in
France and theUnited Kingdom ) or optimising existing capacities (new centre to be opened inBelgium inNovember 2021 ),Aramis Group teams will continue to develop the industrial tool in order to be able to guarantee the highest standards of quality and the shortest possible time-to-market, a unique know-how inEurope ;
- Continue to invest in marketing.
Aramis Group will continue to invest in marketing, both to increase brand awareness and to generate traffic on its sites. In the first quarter of 2022, the number of visits to all of the Group's sites increased by +34% compared with the first quarter of 2021, to almost 20 million visitors.
As a reminder,
- Capture the considerable potential of the online market for refurbished used cars;
- Expand its international presence to address an ever wider European customer base;
- Build additional revenues streams, notably by developing its service ecosystem.
OUTLOOK
As indicated at the time of the Group's 2021 annual results publication on 9 December, the current tensions on automotive production lines due to the shortage of semi-conductors are weighing on the outlook for the pre-registered vehicle segment. This has resulted in significant volume declines in
The shortage of new vehicles is also fuelling a general rise in used vehicle prices, both for purchases and sales, which is reflected in the Group's activity in the first quarter of 2022, as detailed in this press release.
Its very strong value proposition for its customers, its agility in its multi-channel sourcing, its control of its industrial tool and the development of services will enable it to maintain its Gross Profit per Unit (GPU) levels.
The general rise in prices is mechanically reflected in the value of inventories. The Group has also been proactively increasing its levels of stocks for several months now, as anticipated, in order to be able to serve the strong demand from the market, while maintaining a deep and diversified vehicle offer.
- Growth over +45% in refurbished cars volumes (compared to growth over +30% at the time of the IPO);
Total Group revenues over €1.6 billion (compared to revenues over €1.5 billion at the time of the IPO);- Adjusted EBITDA margin of approximately 1.5% of revenues.
These objectives are based on the Group's scope of activity as of
***
Next financial information:
Half Year Results 2022:
About
Investors contact
Head of investor relations
alexandre.leroy@aramis.group
+33 (0)6 58 80 50 24
Press contacts
Brunswick
aramisgroup@brunswickgroup.com
Hugues Boëton +33 (0)6 79 99 27 15
Disclaimer
Certain information included in this press release is not historical data but forward-looking statements. These forward-looking statements are based on current beliefs and assumptions, including, but not limited to, assumptions about current and future business strategies and the environment in which
This press release contains summary information only and should not be regarded as complete. No assurance is given as to the accuracy or completeness of the information or statements contained in this press release.
Some of the financial information contained in this press release is not directly extracted from the accounting records or procedures of
The pro forma financial information included in this press release is presented for illustrative purposes only and does not represent the results that would have been produced if the Motordepot (CarSupermarket) acquisition had actually been completed on
This press release does not contain or constitute an offer of securities or an invitation or inducement to invest in securities in
1 Revenues excluding the B2B export vehicle purchase and sale activities in
2 Growth compared to Q1 2021 pro forma data of the acquisition of CarSupermarket in the
3 Net Promoter Score
4
5 Growth compared to Q1 2021 pro forma data of the acquisition of CarSupermarket in the
6 Growth compared to Q1 2021 "reported data", i.e., including revenues from CarSupermarket only from the date of its inclusion in the Group's consolidation scope, i.e.,
7 B2B export vehicle purchase and sale activities in
8 Revenues excluding the B2B export vehicle purchase and sale activities in
Attachment
- Press Release -
ARAMIS GROUP - Q1 2022 revenues
![](https://ml-eu.globenewswire.com/media/OTk5MGRkODctN2IxOC00MzIzLTkwMDktZThkMWFhYjAzN2VmLTEyMjEyMTM=/tiny/ARAMIS-GROUP.png)
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