(AOF) – For the 2022/2023 financial year, Aramis announces a turnover of 1.94 billion euros, up 9.9% compared to 2022 in published data and 0.7% excluding acquisitions in Austria and Italy. The specialist in the online sale of used cars, a 60% subsidiary of Stellantis, underlines that its adjusted EBITDA stands at 9.6 million euros, “in positive territory in accordance with the Group’s commitments”. Over this period, Aramis recorded a net loss of 32.3 million euros, a clear improvement compared to 2022 when the loss was 60.2 million euros.
Net debt is 82.3 million euros, up sharply by 63.9 million euros compared to September 30, 2022 after several acquisitions, but down sharply (27.8 million euros) compared to end of March 2023.
Aramis sets its objectives for 2024 to be volumes of B2C vehicles sold exceeding 100,000 units and an adjusted Ebitda “at least twice higher” than that of 2023.
“Aramis is a European leader, which operates in 6 countries, which exceeded one billion turnover in 2021,” recalls Guillaume Paoli, co-founder and CEO of the company, in an interview with AOF. “We largely outperformed the market with a little more than 1% organically on reconditioned vehicles compared to -5.3% for the market,” he underlines.
“We are a growth company and a profitable growth company, always profitable except last year, because of very specific market conditions, our DNA is profitable growth.”
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Negotiations with manufacturers
On average, equipment manufacturers represent between 60 to 85% of the manufacturing cost price of a vehicle. According to the Federation of Vehicle Equipment Industries (Fiev) negotiations are very tense with manufacturers regarding the passing on of the increase in costs. The price increases concern electronic components, raw materials, such as steel, nickel, lithium or palladium, energy and transport. The equipment manufacturers mainly negotiate with Stellantis and Renault to set up indices to pass on the increases. They are also betting on innovation, differentiation, moving upmarket and internationalization.