Brief: Auto1 Q4 Revenue Misses Expectations; Sees 2023 Adj. EBITDA Loss of EUR 60-90 Million

AUTO1 SE

23/02/2023 06:43

Feb 23 (Reuters) - Auto1 Q4 gross profit EUR 114.5 million.
* Q4 revenue EUR 1,447.3 million vs. estimate EUR 1,528 million
* Q4 adjusted EBITDA EUR -36 million, up EUR 9 million from last year
* 2023 guidance:
* Total units at 625,000 - 690,000 (2022: 649,709 units)
* Units in the Merchant segment at 590,000 +/-5 % (2022: 585,545 units)
* Units in the Retail segment at 65,000 - 70,000 (2022: 64,164 units)
* Total gross profit at EUR 500 - 550 million (2022: EUR 488.2 million)
* Adjusted EBITDA of EUR (60) to (90) million for the full year (2022: EUR
(165.6) million) with the aim of adjusted EBITDA break-even in Q4