Aramis Group - 2025 annual results

Core Insights - Aramis Group achieved profitable growth in fiscal year 2025, consolidating its leadership in Europe with market share gains across most geographies, particularly in France, which saw double-digit growth and an EBITDA margin close to 5% [3][5][7] - The company reported significant improvements in adjusted EBITDA, net income, and cash generation, alongside a substantial reduction in net debt, positioning itself for sustainable growth [3][7][30][34] Financial Performance - Total revenues for FY 2025 reached €2,379.6 million, reflecting a 6.3% increase from FY 2024 [14][29] - Adjusted EBITDA rose to €67.8 million, a 34.3% increase compared to the previous year [30][62] - Net income quadrupled to €19.9 million from €5.0 million in FY 2024 [34][56] - Gross profit per unit sold (GPU) increased to €2,359, up 3.2% from €2,285 in FY 2024 [30][61] Market and Operational Highlights - B2C vehicle sales volumes grew by 6.1% to 119,109 units, with refurbished cars and pre-registered cars contributing to this growth [13][16] - The company maintained high customer satisfaction, achieving a Net Promoter Score (NPS) of 73, one of the best in the industry [7] - Significant operational improvements were noted, including a reduction in operating working capital to 21 days, down from 26 days in the previous year [36][39] Geographic Performance - France generated €1,038.1 million in revenue, an 11.0% increase, driven by both refurbished and pre-registered vehicle sales [15][22] - Belgium and the United Kingdom also showed strong revenue growth of 11.4% and 8.1%, respectively, while Austria experienced a decline of 14.9% due to management transitions [15][25][26] - Italy's revenue increased by 3.3%, with a notable turnaround in Q4 2025 leading to positive adjusted EBITDA [8][27] Strategic Initiatives - The company is focused on operational convergence and enhancing its technology and data platforms, including the rollout of an internal marketplace and new AI-driven applications [10][11] - Aramis Group aims to sell at least 115,000 B2C vehicles and achieve at least €55 million in adjusted EBITDA for FY 2026, with medium-term growth ambitions reaffirmed [48][45] Governance Changes - Following the departure of key management, the company is undergoing operational transitions to refocus on profitability and cash generation [9][49] - Silvia Vernetti has been appointed as a new director, representing Stellantis, enhancing the strategic partnership between the two entities [50][51]