(Boursier.com) — The turnover ofAramis in H1 is 940.8 million euros, up +7.8% compared to the 1st half of 2022
Volumes of refurbished cars sold were up +15.6% compared to the 1st half of 2022, of which +4.9% excluding acquisitions in Austria and Italy, i.e. a clear outperformance compared to the dynamics of the passenger car market. occasion down -9%.
Gross margin per vehicle sold (GPU) stands at 2,166 euros, at a high level and in line with that of 2,150 euros targeted by Aramis Group, despite the dilutive effect of the acquisitions in Austria and Italy.
Adjusted EBITDA is once again positive at +€1 million, the result of Aramis Group’s adaptation to new market balances and disciplined cost management. For the 2022 scope, adjusted EBITDA stands at +€3.5 million, with the company acquired in Austria operating close to breakeven and the one in Italy having generated a negative EBITDA of -2 since its acquisition, 5 million euros.
Balance sheet balances are under control, with rigorous management of inventories on the historical scope as for the new subsidiaries acquired, a controlled operating working capital requirement (37 days of turnover), and undrawn credit lines and without conditions for approximately €170 million as of March 31, 2023.
The 2023 Annual Objectives are specified: unless the macroeconomic environment deteriorates further, Aramis Group expects positive organic growth in its volumes of reconditioned vehicles sold to individuals and a positive adjusted EBITDA.
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