Aramis Group: organic sales growth of 15% in 2023/2024

(CercleFinance.com) - Aramis Group reports sales of 2.
2 billion euros for FY 23/24, up 15% organically on the previous year.

The Group highlights +21.9% growth in volumes of vehicles sold to private customers, including +12% for reconditioned cars and +81% for pre-registered vehicles, outperforming the used car market (+4.7%).

Operating income came to 12.2 million euros (vs. -20.9 million euros a year earlier), with net income for the year of 5 million euros, a far cry from the loss of 32.3 million euros recorded a year earlier.

On an adjusted basis, EBITDA came to 50.4 million euros, more than quintupled in one year (+423%).

On the strength of these results, we look forward to 2025 with confidence, determined to maintain profitable growth and strengthen our cash generation", commented Nicolas Chartier and Guillaume Paoli, co-founders of Aramis Group.

Specifically, by 2025, the Group is targeting double-digit growth in volumes of reconditioned vehicles sold to private individuals, for total growth in volumes of vehicles sold 'high single digit', on a like-for-like basis; and an adjusted EBITDA in excess of 65 million euros.

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