Aramis raises its sales forecast but warns about its Ebitda | Photo credits: Aramis Group
PARIS, April 19 (Reuters) – Aramis Groupe, a specialist in the online sale of used cars, announced on Tuesday that it had revised upwards its sales forecast for this year while warning that its gross operating surplus would be “significantly” lower than its initial objective.
The French group justifies this warning by a market context that has become “extremely complicated” in the segment of pre-registered vehicles, with a 45% drop in sales volumes in the first half (October-March) of its fiscal year shifted compared to the corresponding period of the previous financial year, “with no improvement expected in the coming months”.
This fall is explained according to him by the slowdown in the production chains of new vehicles of the manufacturers, in particular by lack of semiconductors. “This trend has been accentuated in particular by the deterioration of the geopolitical situation at the borders of the European Union,” adds Aramis in a press release.
The rise in prices caused by this situation is not likely to be absorbed in the short term, he continues.
The reconditioned vehicle segment, on the other hand, posted 56% growth in volumes in the first half.
Aramis Groupe has therefore raised its annual revenue target to more than 1.7 billion euros against more than 1.6 billion previously, but it is giving up aiming for an adjusted Ebitda of around 1.5% of revenue. business, saying that it is now simply counting on a gross operating profit “above zero”.
(Report Marc Angrand)