Aramis Group - Capital Markets Day 2024
27 Novembre 2024 - 7:30AM
UK Regulatory
Aramis Group - Capital Markets Day 2024
PRESS RELEASE
Arcueil, November 27, 2024
Capital Markets Day – 2027
strategy
Shaping the future of car buying: a
roadmap to strengthen Aramis Group’s European leadership and drive
its profitable growth
Aramis Group [Ticker: ARAMI – ISIN:
FR0014003U94], the European leader in B2C used car sales with
operations in six markets, is hosting its Capital Markets Day today
at 10:00 am CET.
During the event, the Group will unveil its
strategic roadmap and financial targets for 2027. Co-founders and
Co-CEOs Guillaume Paoli and Nicolas Chartier, alongside key members
of the management team, will present the bold initiatives shaping
Aramis Group’s next phase of success.
Having successfully navigated the unprecedented
challenges of the automotive industry during the COVID-19 crisis
and the war in Ukraine, the Group has emerged stronger than ever.
In 2024, Aramis Group sold over 112,000 cars B2C, delivered an
adjusted EBITDA of over €50 million, and generated more than €21
million in free cash flow.
Founded in 2001, Aramis Group has become
Europe’s go-to platform for purchasing used cars, uniquely
positioned to seize the opportunities of a €420 billion,
fragmented, and rapidly digitalizing market.
With a proven, unique business model built over
23 years, the Group continues to deliver exceptional value for all
stakeholders by leveraging:
- End-to-end
vertical integration across the value chain;
- A highly
efficient operating system; and
- A proprietary
performance engine driving unparalleled results.
Strategic vision for 2027
Building on the momentum of previous successes
and favorable automotive market trends, Aramis Group is embarking
on an exciting new chapter, anchored by two strategic pillars:
1. Converge and
leverage its European platform
This involves improving the performance of all entities by
converging towards the Group's Operating System and better
leveraging its pan-European scale:
- Operational
convergence: Aramis Group will strengthen its competitive
edge by unifying its operating system, optimizing sourcing
practices, and aligning refurbishing processes to improve
efficiency, quality, and lead times. Enhanced knowledge sharing
across geographies will elevate customer experiences and unlock
additional value from its service offerings.
- Scaling European
opportunities: By further developing its internal
marketplace, the Group will enhance international arbitrage
capabilities, improve margins, and accelerate lead times.
Additionally, Aramis Group remains open to relevant M&A
opportunities, at the right conditions, leveraging its proven
integration playbook to create sustainable growth and consolidate
European leadership.
2. Raise the
bar
Aramis Group is committed to redefining how Europeans buy cars by
continually enhancing its unique model:
- Further enhancing customer
experience: The Group will expand its “optichannel”
experience, ensuring personalized, seamless interactions. It plans
to grow its network of customer centers, improve the financing
journey for faster, more intuitive processes, and launch a cohesive
Group-wide brand platform to unify messaging and drive growth
across all markets.
- Empowering teams with
technology and data: Significant upgrades to its C2B
purchasing platform and advanced data tools will drive smarter
strategies and better outcomes, empowering teams across the whole
organization.
Statements from co-founders
Nicolas Chartier and Guillaume Paoli,
co-founders of Aramis Group: “As we enter this exciting new phase,
our strategy focuses on converging on our Operating System,
enhancing our model, and leveraging technology and data to empower
our teams. We are committed to strengthening our leadership in
Europe and continuing to deliver superior customer experience. With
the dedication of our teams, our focus on innovation and continuous
improvement, and refurbished cars at the heart of sustainable
mobility, we are confident in our ability to sustain profitable,
cash-generative growth and create exceptional value for all our
stakeholders. Aramis Group will continue to set itself apart as a
unique player and the preferred platform for refurbished used cars
in Europe. The journey to revolutionize car buying in Europe
continues!”
Financial guidance
Aramis Group’s strategic roadmap sets the
following short and mid-term objectives:
|
2025 |
2027 |
Refurbished volumes |
Double-digit
organic growth |
Double-digit
organic CAGR growth
for 2024-2027 |
Total B2C volumes |
High single-digit
organic growth |
High single-digit
organic CAGR growth
for 2024-2027 |
Adjusted EBITDA |
> €65 million |
c. 5%
of revenues |
Operating working capital
(in days of revenues) |
Continuous improvement |
***
Next financial information:
2025 first-quarter activity: January 28, 2025
(after market close)
2025 first-half results: May 19, 2025 (after market close)
2025 third-quarter activity: July 24, 2025 (after market close)
2024 annual results: November 25, 2025 (after market close)
About Aramis Group –
www.aramis.group
Aramis Group is the European leader for B2C
online used car sales and operates in six countries. A fast-growing
group, an e-commerce expert and a vehicle refurbishing pioneer,
Aramis Group takes action each day for more sustainable mobility
with an offering that is part of the circular economy. Founded in
2001, it has been revolutionizing its market for over 20 years,
focused on ensuring the satisfaction of its customers and
capitalizing on digital technology and employee engagement to
create value for all its stakeholders. With annual revenues of more
than €2 billion, Aramis Group sells more than 110,000 vehicles B2C
and welcomes close to 70 million visitors across all its digital
platforms each year. The Group employs more than 2,400 people and
has eight industrial-scale refurbishing centers throughout Europe.
Aramis Group is listed on Euronext Paris Compartment A (Ticker:
ARAMI – ISIN: FR0014003U94).
Disclaimer
Certain information included in this press
release is not historical data but forward-looking statements.
These forward-looking statements are based on current beliefs and
assumptions, including, but not limited to, assumptions about
current and future business strategies and the environment in which
Aramis Group operates, and involve known and unknown risks,
uncertainties and other factors, which may cause actual results or
performance, or the results or other events, to be materially
different from those expressed or implied in such forward-looking
statements. These risks and uncertainties include those discussed
or identified in Chapter 4 "Risk Factors and Control Environment"
of the Universal Registration Document dated December 19, 2023,
filed with the French Financial Markets Authority (AMF) under
number D. 23-0864 and available on the Group's website
(www.aramis.group) and on the AMF website (www.amf-france.org).
These forward-looking statements and information are not guarantees
of future performance. Forward-looking statements speak only as of
the date of this press release. This press release does not contain
or constitute an offer of securities or an invitation or inducement
to invest in securities in France, the United States or any other
jurisdiction.
Investor contact
Alexandre Leroy
Head of Investor Relations,
Financing and Cash management
alexandre.leroy@aramis.group
+33 (0)6 58 80 50 24
Press contacts
Brunswick
Hugues Boëton
Tristan Roquet Montegon
aramisgroup@brunswickgroup.com
+33 (0)6 79 99 27 15
- Press release - ARAMIS GROUP - Capital Markets Day 2024
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