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]

Core Insights - Aramis Group demonstrated resilience in a challenging market, achieving revenue growth despite a declining overall market environment [1][5][19] Revenue and Volume Overview - Total revenues for Q3 2025 reached €591.2 million, reflecting an organic growth of +3.1% compared to Q3 2024 [5][6] - B2C volumes increased by 2.0% year-on-year, with total B2C volumes at 29,373 units [3][5] - Refurbished cars revenue decreased by -2.9% to €378.5 million, with 22,197 units delivered, down -1.7% [4][9] - Pre-registered cars segment saw significant growth, with revenue of €144.6 million, up +22.3%, and 7,176 units delivered, up +15.1% [6][9] Geographic Performance - France experienced a revenue increase of +10.8% to €264.0 million, despite a market decline of -5% [7][12] - Belgium's revenue grew by +12.2% to €78.1 million, driven by both refurbished and pre-registered vehicle sales [7][15] - Spain's revenue declined by -14.1% to €71.2 million, impacted by previous floods affecting operations [7][16] - The UK saw revenue growth of +6.3% to €125.8 million, with a focus on improving unit profitability [7][14] - Austria and Italy faced revenue declines of -20.2% and -11.3%, respectively, due to various operational challenges [7][17][18] Segment Analysis - B2C segment accounted for 88% of revenues, totaling €523.1 million, up +3.0% year-on-year [8] - B2B segment revenue reached €36.5 million, up +2.2%, driven by vehicle buybacks [10] - Service revenue increased by +5.9% to €31.6 million, supported by B2C volume growth and financing solutions [11] Strategic Outlook - The company adjusted its 2025 targets, now expecting "mid-single digit" organic growth in refurbished vehicle volumes and adjusted EBITDA close to €65 million [5][22] - Aramis Group remains focused on sustainable and profitable growth, despite anticipated lower growth in the second half of 2025 [19] Acquisition and Governance Changes - Aramis Group announced the acquisition of the remaining 40% stake in Motordepot Ltd for £30 million, expected to complete by January 2026 [20][21] - Governance changes occurred with the resignation of Philippe de Rovira from the Board, with no impact on the Group's strategy [23]

Core Insights - Aramis Group reported strong financial performance in the first half of 2025, achieving double-digit revenue growth and a doubling of adjusted EBITDA, confirming its annual targets for the fiscal year [2][5][36] Financial Performance - Total revenues reached €1,213.3 million, reflecting an organic growth of +10.5% compared to the first half of 2024 [5][6] - Adjusted EBITDA increased to €32.8 million, up +102.7% from €16.2 million in the same period last year [5][21] - Net income for the first half of 2025 was €6.4 million, a significant recovery from a loss of €13.3 million in the first half of 2024 [20][41] Sales and Volumes - The company sold nearly 61,000 vehicles to private customers, marking a +10.2% increase in total B2C volumes compared to the first half of 2024 [2][4] - Refurbished car sales accounted for €806.5 million, up +10.3%, while pre-registered car sales reached €271.9 million, up +16.5% [6][10] Customer Satisfaction - Customer satisfaction remains high, with a Net Promoter Score (NPS) of 72, among the best in the industry, supported by an employee NPS of 55 [5][11] Market Position - Aramis Group continues to outperform the used car market, gaining market share in the segment of vehicles under 8 years old by 12 points [11][12] - The company has made significant progress in its strategic plan, including the unification of brand platforms across all geographies [2][5] Cash Flow and Debt Management - Cash generation for the first half of 2025 was €23.7 million, aided by improved operating working capital, which decreased to 24 days from 27 days year-over-year [5][25] - Net debt was reduced to €47.4 million from €61.0 million at the end of September 2024 [5][27] Geographic Performance - Revenue growth varied by country, with Belgium showing a notable increase of +18.9% and the United Kingdom at +19.0%, while Austria experienced a decline of -5.2% [7][15][16]