Aramis raises annual targets

(CercleFinance.com) - On the occasion of its half-yearly publication, Aramis Group has raised its annual targets for 2024, now expecting adjusted EBITDA to exceed ?32 million, compared with over ?19 million previously.


On a like-for-like basis, the company now expects B2C vehicle sales volumes to exceed 110,000 units for the current financial year as a whole, instead of over 100,000 units.

For the first half of its financial year (ending March), the online distributor of used vehicles posted adjusted EBITDA of ?16.2 million, compared with ?1 million a year earlier, with a controlled cost structure.

Aramis Group posted sales of nearly 1.1 billion euros, up 16.7% organically, with volumes of vehicles sold to private customers up by nearly 26%, outperforming the used car market by 24 points.

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