Aramis Group SAS
PAR:ARAMI
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Aramis Group SAS
Aramis Group SAS engages in the online sale of used cars. The company is headquartered in Arcueil, Ile-De-France and currently employs 1,310 full-time employees. The company went IPO on 2021-06-18. The firm allows anyone to switch vehicle where, when and how they want within 48 hours. The company works with an array of Brands which include Aramisauto, Cardoen, Clicars, and CarSupermarket. The firm focuses on 4 strategic orientations which include Continue, Consolidate, Deploy, and Develop. The company also works towards on reducing the impact on the environment.
Aramis Group SAS engages in the online sale of used cars. The company is headquartered in Arcueil, Ile-De-France and currently employs 1,310 full-time employees. The company went IPO on 2021-06-18. The firm allows anyone to switch vehicle where, when and how they want within 48 hours. The company works with an array of Brands which include Aramisauto, Cardoen, Clicars, and CarSupermarket. The firm focuses on 4 strategic orientations which include Continue, Consolidate, Deploy, and Develop. The company also works towards on reducing the impact on the environment.
Strong Revenue Growth: Aramis Group's revenue rose 17% year-on-year in Q3 2024, driven by a 25% increase in B2C volumes.
Market Outperformance: B2C volumes grew 25%, significantly outperforming the European used car market, which was flat during the period.
Profitability Boost: Gross profit per unit (GPU) improved meaningfully versus H1, leading to a raised adjusted EBITDA guidance for the year.
Guidance Raised: Adjusted EBITDA guidance for FY24 increased to at least EUR 40 million from the previous EUR 32 million.
Stable Volume Outlook: Annual guidance for B2C volumes remains unchanged, targeting over 110,000 units sold in FY24.
Operational Improvements: Enhanced sourcing, more efficient refurbishing, and improved sales processes boosted margins across multiple countries.
Service Revenue Stabilizing: Services revenue, especially from financing, is stabilizing after earlier headwinds.
