Losses for CarSupermarket, Motordepot owner – but revenues up 53%
13 December 2021
Aramis Group, the European multi-brand retailer (including, as of earlier this year, CarSupermarket and Motordepot in the UK) which is majority owned by Stellantis, has announced 53% growth in revenues to £1bn.
The acquisition of CarSupermarket was cited as the driver of the growth. However, it recorded a £8.2m pre-tax operating loss for the year ended September 2021, partly due to June’s IPO costs.
It has set an EBITDA margin of 1.5% in 2022 and over 3% by 2025.
Described as a “leader in the online sale of used cars”, Aramis delivered 37.4% more refurbished cars compared to 2020 and has “developed its vehicle trade-in busines from private individuals in all geographies”. More than 50% of its revenues came from outside France.
The IPO has given it more than £85m of cash at year-end to support its development – and an undrawn RCF of more than £170m.
Tags:
Why Subscribe?
As an auto retail executive you need insightful and unique industry intelligence to boost your business potential. Here’s a taste of what Auto Retail Network has to offer:
- Get informed and boost your business potential
- More than 1,200 fellow executives have joined us since launch
- Independent, carefully crafted, unique content relevant to you and your business
- Develop a greater awareness of market trends and opportunities
- Access to a wide range of materials whenever, wherever and however you want it
- Significant discounts on ARN events, reports and other publications
