Aramis Group revises upwards its annual volume and revenue targets
for the financial year of 2021
PRESS RELEASE
Aramis Group revises upwards
its annual volume and revenue targets for the financial
year of 20211, presented at its IPO
Paris, September 8th, 2021–
Aramis Group, a European leader in online sales of used cars
operating the Aramisauto, Cardoen, Clicars and CarSupermarket
brands in France, Belgium, Spain, and the United Kingdom
respectively, today announced an upward revision of its volume and
revenue targets for the financial year of 20211, driven by growth
in sales of refurbished vehicles.
In the current public health situation, the
Group has experienced sustained activity in recent weeks and more
generally over the last few months, with a particularly strong
third quarter2. This dynamism reflects (1) strong trends in the
transformation of the car-buying market with consumers increasingly
willing to buy their vehicles online, (2) the relevance of Aramis
Group's positioning, particularly in the very dynamic B2C segment
and more specifically via its refurbished used car activity, which
is at the heart of its profitable growth strategy, (3) the
performance of its multi-channel sourcing model, and (4) the
positive effects of the acceleration of the marketing campaigns
launched by the Group in recent months.
As a result, Aramis Group is revising upwards
its sales volume and revenue targets for the year ending 30th
September 2021, and now expects:
- A pro forma B2C used car sales volume of approximately 50,000
units, representing organic growth of +38% compared to 2020
(compared to approximately 45,000 units and +23% growth initially
forecast),
- Organic revenue of around €1.350 billion3 (compared to more
than €1.250 billion initially forecast).
In this context of strong business growth and a
constrained supply environment, the Group intends to seize
opportunities to secure its inventory levels. As a result, the
operational working capital could reach approximately 35 days as of
30th September (compared with approximately 25 days initially
forecast).
In addition, the Group confirms the other
elements of the 2021 guidance, which remain unchanged.
Nicolas Chartier and Guillaume Paoli,
co-founders and respectively Chairman and CEO, and Deputy CEO, of
Aramis Group said:"The improvement of
public health situation and the relevance of our positioning in the
market of online sales of used cars to private individuals, has
enabled Aramis Group to pursue its profitable growth trajectory
over the last few months. The Group is now anticipating higher
annual revenues than originally forecast, due to higher B2C used
car sales volumes. Aramis Group is also benefiting from strong
market trends, the performance of its multi-channel sourcing model,
and the success of its marketing campaigns. This outlook reinforces
our confidence and confirms the Group's ability to grow profitably
and sustainably.”
***
Upcoming Financial
Information2021 annual sales: November 9, 2021 (pre
market) 2021 annual results: December 9, 2021
About Aramis Group
Aramis Group is a leading European B2C platform
to acquire a used car online and brings together four brands:
Aramisauto, Cardoen, Clicars and CarSupermarket, in France,
Belgium, Spain and the UK respectively. The Group is transforming
the used car market and is putting digital technology at the
service of customer satisfaction with a fully vertically integrated
business model. Including CarSupermarket contribution, in FY2020,
Aramis Group had pro forma revenues of c.€1.1 billion, sold 66,000
vehicles B2C, and had 1,400 employees, 60 customer centres and 3
industrial refurbishing sites. The Group's websites recorded 20M
visits in Q3 FY2021. Aramis Group is listed on compartment A of the
Euronext Paris stock exchange (Ticker: ARAMI – ISIN: FR0014003U94).
For more information, visit: www.aramis.group.
Media Contacts
Brunswickaramisgroup@brunswickgroup.comHugues Boëton +33 (0) 6 79
99 27 15Tristan Roquet Montegon +33 (0) 6 37 00 52 57
Investors Contact Aramis
Groupinvestor@aramis.group
Disclaimer :
Certain information included in this press
release are not historical facts but are forward-looking
statements. These forward-looking statements are based on current
beliefs, expectations and assumptions, including, without
limitation, assumptions regarding present and future business
strategies and the environment in which Aramis Group operates, and
involve known and unknown risks, uncertainties and other factors,
which may cause actual results, performance or achievements, or
industry results or other events, to be materially different from
those expressed or implied by these forward-looking statements.
These risks and uncertainties include those discussed or identified
under Chapter 3 “Facteurs de Risques” in the Registration Document
dated 25 May 2021, approved by the AMF under number I. 21-024 and
available on the Company’s website (www.aramis.group) and the AMF’s
website (www.amf-france.org). These forward-looking information and
statements are not guarantees of future performances.
Forward-looking statements speak only as of the
date of this press release and Aramis Group expressly disclaims any
obligation or undertaking to release any update or revisions to any
forward-looking statements included in this press release to
reflect any change in expectations or any change in events,
conditions or circumstances on which these forward-looking
statements are based. Such forward-looking statements are for
illustrative purposes only.
This press release includes only summary
information and does not purport to be comprehensive. No reliance
should be placed on the accuracy or completeness of the information
or opinions contained in this press release.
Some of the financial information contained in
this press release is not directly extracted from Aramis Group’s
accounting systems or records and is not IFRS (International
Financial Reporting Standards) accounting measures. It has not been
independently reviewed or verified by Aramis Group’s auditors.
This press release does not contain or
constitute an offer of securities for sale or an invitation or
inducement to invest in securities in France, the United States or
any other jurisdiction.
1 Period ending on September 30th, 2021
2 Period covering the months of April to June 2021, with the
fiscal year ending on September 30th, 2021
3 Pro forma of the CarSupermarket acquisition, excluding the B2B
vehicle buying and selling export activities in Belgium, which the
Group does not envisage continuing in the medium term
- Press Release - ARAMIS GROUP - revises upwards its 2021
financial targets
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