Press Release: Aramis Group Reports Strong Growth and Profitability in Third Quarter 2024
The third quarter of 2024 has been a period of continued strong and profitable growth for Aramis Group, the European leader in B2C online used car sales. With revenues reaching €573.5 million, up by 17.3% compared to the same period last year, the company has outperformed the market and exceeded expectations.
One of the key drivers of this growth has been the significant increase in total sales of vehicles to private customers, which were up by 24.8% compared to the third quarter of 2023. This growth was driven by all of the Group’s geographies, with record customer satisfaction levels and gross profit per unit exceeding previous levels.
The co-founders of Aramis Group, Nicolas Chartier and Guillaume Paoli, expressed their satisfaction with the positive trend in the company’s activity. They highlighted the accelerated growth in refurbished vehicle sales and the increase in gross profit per unit as a reflection of the commitment of their teams and continuous improvement initiatives.
In light of these strong performances, Aramis Group has raised its adjusted EBITDA guidance for the fiscal year ending September 30, 2024. The company now expects to exceed €40 million, compared to the previous guidance of €32 million. This upgrade is a testament to the company’s ability to deliver value to its customers and maintain sustained growth.
Looking ahead, Aramis Group remains confident in its ability to continue its growth trajectory. The company’s unique value proposition, operational optimization, and focus on customer satisfaction position it well for future success. Investors and stakeholders can look forward to the upcoming Capital Markets Day on November 27, 2024, where the company will provide further insights into its business model, competitive advantages, and long-term strategy.
Overall, Aramis Group’s third-quarter activity for 2024 showcases its resilience, innovation, and commitment to sustainable mobility. As a leader in the European market, the company continues to set the bar high for the industry and drive positive change in the automotive sector.