Brief: Aramis Group Revises Upwards Its 2021 Volume And Revenue Targets

Aramis SA

08/09/2021 06:33

Sept 8 (Reuters) - Aramis Group SAS  ARAMI.PA :
    * ARAMIS GROUP REVISES UPWARDS ITS ANNUAL VOLUME AND REVENUE
TARGETS FOR THE FINANCIAL YEAR OF 2021
    * IS REVISING UPWARDS ITS SALES VOLUME AND REVENUE TARGETS
FOR
YEAR ENDING 30TH SEPTEMBER 2021
    * NOW EXPECTS A PRO FORMA B2C USED CAR SALES VOLUME OF
APPROXIMATELY 50,000 UNITS, REPRESENTING ORGANIC GROWTH OF +38%
COMPARED TO 2020 (COMPARED TO APPROXIMATELY 45,000 UNITS AND
+23% GROWTH INITIALLY FORECAST)
    * IN ADDITION, GROUP CONFIRMS OTHER ELEMENTS OF 2021
GUIDANCE,
WHICH REMAIN UNCHANGED
    * NOW EXPECTS ORGANIC REVENUE OF AROUND EUR 1.350 BILLION3
(COMPARED TO MORE THAN EUR 1.250 BILLION INITIALLY FORECAST)
    * INTENDS TO SEIZE OPPORTUNITIES TO SECURE ITS INVENTORY
LEVELS.
AS A RESULT, OPERATIONAL WORKING CAPITAL COULD REACH
APPROXIMATELY 35 DAYS AS OF 30TH SEPTEMBER (COMPARED WITH
APPROXIMATELY 25 DAYS INITIALLY FORECAST)

Source text for Eikon:  ID:nGNE4vfyGC 
Further company coverage:  ARAMI.PA 

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