Brief: Aramis Group FY Revenues Up At EUR 1.77 Billion

Aramis SA

01/12/2022 17:39

Dec 1 (Reuters) - Aramis Group SAS  ARAMI.PA :
    * 2022 ANNUAL RESULTS
    * FULL-YEAR REVENUES OF EUR 1,768.9 MILLION (GUIDANCE: OVER
EUR
1,700 MILLION), UP +40.0% ON A REPORTED BASIS COMPARED WITH FY
2021 AND +29.2% PRO FORMA
    * OUTLOOK FOR 2023: EXCEPT IN EVENT OF A FURTHER
DETERIORATION IN
MACROECONOMIC ENVIRONMENT, ARAMIS GROUP EXPECTS TO SEE POSITIVE
ORGANIC GROWTH IN ITS VOLUMES OF B2C REFURBISHED VEHICLES,
COMBINED WITH A GRADUAL IMPROVEMENT IN ITS ADJUSTED EBITDA
DURING YEAR, EXCLUDING RESTRUCTURING COSTS
    * FY ADJUSTED EBITDA OF -EUR 10.7 MILLION
    * GROSS PROFIT PER VEHICLE SOLD (GPU) OF EUR 2,142, VERY
SIGNIFICANTLY HIGHER THAN GROUP'S EUROPEAN PEERS AND IN LINE
WITH ITS TARGET AVERAGE LEVELS
    * HE NET LOSS FOR FY 2022 CAME TO -€60.2 MILLION. IT
INCLUDES
-€5.5 MILLION OF FINANCIAL INCOME AND EXPENSES AND A -€3.0
MILLION TAX EXPENSE
    * FY OPERATING INCOME FOR 2022 CAME TO -EUR 51.8 MILLION.
    * IN VIEW OF THESE ELEMENTS, NET DEBT AT SEPTEMBER 30, 2022
REPRESENTED EUR 18.4 MILLION

Source text for Eikon:  ID:nGNE3BgfkK 
Further company coverage:  ARAMI.PA 
 (Reporting by Vittorio Maresca di Serracapriola)
 ((Vittorio.MarescadiSerracapriola@thomsonreuters.com;))