Brief: Aramis Group Cuts FY Adjusted EBITDA Target

Aramis SA

26/07/2022 17:41

July 26 (Reuters) - Aramis Group SAS  ARAMI.PA :
    * 2022 THIRD-QUARTER ACTIVITY
    * 2022 THIRD-QUARTER REVENUES CAME TO EUR 458.0 MILLION, UP
+20.1%
FROM Q3 OF 2021
    * OUTLOOK: CONFIRMATION OF 2022 REVENUES OF OVER EUR 1.7
BILLION
    * OUTLOOK: 2022 ADJUSTED EBITDA REVISED TO BETWEEN -EUR 10
AND-EUR
12 MILLION (VERSUS. POSITIVE FIGURE EXPECTED PREVIOUSLY)
    * OUTLOOK FY: GROWTH OF AROUND +40% IN REFURBISHED VEHICLE
VOLUMES
(VERSUS. OVER +45% PREVIOUSLY);
    * H2 GROSS PROFIT PER UNIT (GPU) EXPECTED LEVEL AROUND -10%
BELOW
THAT ACHIEVED IN FIRST HALF OF 2022 (EUR 2,311 AS A REMINDER)
    * SEES OVER COMING QUARTERS SALES PRICES TO REMAIN HIGH,
ALTHOUGH
THEY ARE STABILIZING IN Q3 OF 2022

Source text for Eikon:  ID:nGNE4yJwFR 
Further company coverage:  ARAMI.PA 

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