Brief: AUTO1 Group Reports Record Gross Profit In 2023 And Best Annual Adjusted EBITDA Since IPO

AUTO1 SE

28/02/2024 06:38

Feb 28 (Reuters) - AUTO1 GROUP SE  AG1G.DE :
    * OUTLOOK: TOTAL GROSS PROFIT AT EUR 565 - 625 MILLION
(2023: EUR
527,9 MILLION) (SPECIFIES OUTLOOK)
    * EQS-NEWS: AUTO1 GROUP REPORTS RECORD GROSS PROFIT IN 2023
AND
BEST ANNUAL ADJUSTED EBITDA SINCE IPO
    * RECORD GROSS PROFIT OF EUR 527.9 MILLION, UP 8% YEAR OVER
YEAR
    * RECORD RETAIL GROSS PROFIT PER UNIT IN Q4 OF EUR 1,970, UP
57%
YEAR OVER YEAR
    * BEST ADJUSTED EBITDA RESULT SINCE IPO OF EUR (44) MILLION,
AN
IMPROVEMENT OF EUR 122 MILLION COMPARED TO FULL YEAR 2022
    * TOTAL UNITS SOLD AT 586,084
    * AUTO1 GROUP SOLD 146,666 UNITS IN TOTAL IN Q4, UP 4%
QUARTER
OVER QUARTER
    * REVENUE OF EUR 1.3 BILLION, UP 2% QUARTER OVER QUARTER
    * GROUP GROSS PROFIT WAS EUR 133.8 MILLION IN Q4
    * OUTLOOK: TOTAL UNITS AT 610,000 - 665,000 (2023: 586,100
UNITS)
    * OUTLOOK: ADJUSTED EBITDA BREAKEVEN FOR FULL YEAR (2023:
EUR (44)
MILLION)


Further company coverage:  AG1G.DE 

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