How Aramis’ (Stellantis) Counts Disband

9 December 20212 years ago babelfish

Aramis, active in the online sale of used cars, has communicated the data for the year 2020-2021. The group, owned by Stellantis, has raised its targets for 2022. All the details

Aramis Group, an online used car trading company 60 percent owned by Stellantis , today raised its 2022 targets, saying it expects revenues to exceed 1.6 billion euros and growth of more than 45 percent for sales of reconditioned vehicles.

HOW WAS ARAMIS 2021 WAS

In the 2020-2021 financial year, which ended on September 30, Aramis' pro-forma revenue grew by 25.9 percent to € 1.36 billion. The pro-forma losses amounted to 15.5 million, against those of 3.4 million in the previous year.

IPO AND ACQUISITIONS

The loss includes the 6.6 million expenses related to the initial public offering: the group has been listed on the Paris stock exchange since last June, for a valuation of 1.9 billion and a share price set at 23 euros for the debut .

In March – notes the Radiocor agency – Aramis acquired the online used car platform CarSupermarket, active in the United Kingdom.

HOW DO REFURBISHED VEHICLES GO

In the period 2020-2021, revenues from the sale of refurbished vehicles grew by 42.1 percent, reaching 712.7 million euros. Considering the volume, sales were up 37.4 percent.

EBITDA AND MARGIN

Aramis adjusted EBITDA fell by 21.8 percent to 37.2 million euros. Gross margin increased by 20.1 percent, to 185.3 million. The operating result was negative for 7.5 million: in the previous period the operating profit had marked 9.9 million.

This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/smartcity/aramis-periodo-esercizio-2021/ on Thu, 09 Dec 2021 11:14:43 +0000.