Aramis Group - 2026 first-quarter activity

Core Insights - Aramis Group's first-quarter performance for fiscal year 2026 aligns with expectations despite a challenging market environment, confirming the strength of its business model and value proposition [2][6][12] - The company has reaffirmed its financial targets for 2026, aiming for at least 115,000 total B2C vehicle sales and a minimum of €55 million in adjusted EBITDA [6][22] Revenue Overview - Total revenues for Q1 2026 amounted to €550.4 million, a decrease of 4.8% compared to Q1 2025 [6][7] - B2C vehicle volumes decreased by 5.6%, reflecting heterogeneous trends across different countries, while the overall market declined by 6% [6][12] - France outperformed the market by 12 points, with revenues increasing by 6.6% to €264.9 million, driven by a 4.4% increase in total volumes [8][15] Segment Performance - B2C segment revenues reached €486.4 million, down 5.1% year-over-year, primarily due to a volume effect of -5.6% [9] - Refurbished cars revenue was €343.1 million, down 11.1%, attributed to a volume effect of -9.3% and a price effect of -1.8% [10] - Pre-registered cars revenue increased by 13.6% to €143.3 million, with a volume effect of +7.5% and a price effect of +6.0% [11] Country-Specific Analysis - In Belgium, revenues decreased by 6.3% to €73.7 million, with a volume decline of 7.7% due to temporary supply issues [16] - Spain's revenues remained stable at €77.4 million, with a volume growth of 2.8%, outperforming a market decline of 2.9% [17] - The United Kingdom saw revenues drop by 23.0% to €90.5 million, with a volume decrease of 20.3%, as part of a strategic focus on profitability [18] - Austria's revenues fell by 28.5% to €35.1 million, with a significant volume decline of 35.4% [19] - Italy experienced strong growth, with volumes up 34.9%, confirming the effectiveness of recent management and strategy adjustments [20] Strategic Outlook - The company is committed to laying the foundations for sustainable growth, acknowledging that the current transition year may temporarily affect volumes [22] - Aramis Group continues to focus on enhancing its service offerings across all markets, aligning with its long-term strategy [14]