(Boursier.com) — Aramis climbed 8% to 3.87 euros this Thursday, while turnover for the 1st quarter stood at 527 million euros, up 20%. Total sales of vehicles to individuals increased by 31.9% compared to the 1st quarter of 2023, at 26,442 units, representing an outperformance of +31 points compared to the market. This performance was driven by all countries, with double-digit growth, with the exception of Spain which is continuing its transition.
“Via its large network of suppliers, its seasoned teams, its data and technological solutions, Aramis Group is able to quickly identify the most competitive supply opportunities, in a market whose functioning tends to become normalized” commented the group.
The 2024 objectives have been confirmed: at constant scope, the volumes of B2C vehicles sold by Aramis Group will exceed the milestone of 100,000 units and the Group will generate an adjusted EBITDA at least twice that achieved in 2023. Among the latest broker opinions , Morgan Stanley remains at ‘market weighting’ on Aramis with a price target raised from 4.90 to 5 euros…
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