Corrected: BRIEF-Aramis Group Raises 2022 Objectives, Sees Revenues Above EUR 1.6 Bln

Aramis SA

09/12/2021 06:30

(Corrects 'mln' to 'bln' in headline.)
    Dec 9 (Reuters) - ARAMIS GROUP SAS  ARAMI.PA :
    * OBJECTIVE 2022: INCREASE IN REFURBISHED CAR SALES SUPERIOR
TO
+45% (VERSUS OVER 30% INITIALLY)
    * OBJECTIVE 2022: REVENUES ABOVE 1.6 BILLION EUROS (VERSUS
OVER
1.5 BILLION EUROS INITIALLY)
    * OBJECTIVE 2022: ADJUSTED EBITDA MARGIN OF ABOUT 1.5%
    * ‍​FY REVENUE GROWTH OF +53.5% ON REPORTED BASIS
    * ‍​FY PRO FORMA REVENUE OF 1.361 BILLION EUROS, UP +25.9%
    * ‍​FY PRO FORMA GROSS MARGIN EUR 185.3 MILLION, UP 20.2%
    * ‍​FY PRO FORMA NET LOSS OF EUR 15.5 MILLION VERSUS LOSS OF
EUR
3.4 MILLION YEAR AGO
    * ‍​FY PRO FORMA ADJUSTED EBITDA EUR 37.2 MILLION, DOWN
21.8%
    * ‍​FY REFURBISHED CAR SALES UP +37.4% IN VOLUME
    * IN 2022, PRE-REGISTERED VEHICLE SEGMENT IS EXPECTED TO
REMAIN
SIGNIFICANTLY AFFECTED BY TENSIONS IN NEW VEHICLE MARKET
    * CONFIRMS 2025 ADJUSTED EBITDA MARGIN OBJECTIVE OF ABOVE
3.0%
    * EXPECTS REFURBISHED VEHICLE SEGMENT TO ACCOUNT FOR OVER
75% OF
GROUP'S TOTAL NUMBER OF CARS SOLD TO PRIVATE CUSTOMERS BY 2025

Source text for Eikon:  ID:nGNE309wx3 
Further company coverage:  ARAMI.PA 

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