EQS-News: AUTO1 Group announces landmark year 2024 and record Q4 results

AUTO1 Group announces landmark year 2024 and record Q4 results

Berlin, February 26, 2025 – AUTO1 Group SE, Europe’s leading digital automotive platform for buying and selling used cars, today reported financial results for the full year and fourth quarter of 2024, highlighting record results across all key metrics, including an all-time-high in units sold, best-ever gross profit and record adjusted EBITDA.

Full Year 2024 Result Highlights

• Record units sold of 689,773, up 17.7% year over year
• Record Merchant units sold of 615,335, up 17.7% year over year
• Record Retail units sold of 74,438, up 18.0% year over year
• Record gross profit of EUR 724.7 million, up 37.3% year over year
• Record adjusted EBITDA of EUR 109.2 million, a EUR 153.2 million improvement year over year

Q4 2024 Result Highlights

• Record units sold of 183,083 up 24.8% year over year
• Record Merchant units sold of 162,530, up 24.1% year over year
• Record Retail units sold of 20,553, up 30.5% year over year
• Record gross profit of EUR 201.3 million, up 50.5% year over year
• Record adjusted EBITDA of EUR 37.2 million, a EUR 41.7 million improvement year over year

Christian Bertermann, CEO and Co-founder of AUTO1 Group: “2024 was a fantastic first milestone on our profitable growth journey, demonstrating the strength and resilience of our vertically integrated business model, the power of our digital trading platform and the dedication of our teams. We will continue to unlock the massive growth opportunity in Europe’s used car market, driven by the exceptional value we deliver to our customers. ”

Markus Boser, CFO of AUTO1 Group: “Last year was a landmark year for AUTO1 Group, delivering record-breaking performance across all key financial metrics. These results were driven by the strong execution of our teams and demonstrate the operating leverage of our unique business model. 2024 marks an important first step towards our long term profitability targets.”

Fourth quarter business performance

The Group set a new sales record of 183,083 units in total in Q4, up 24.8% year over year, generating revenue of EUR 1.7 billion, up 28.4% year over year. The Group reported EUR 201.3 million gross profit, up 50.5% year over year. AUTO1 Group achieved the highest adjusted EBITDA in company history of EUR 37.2 million in Q4, an improvement of EUR 41.7 million year over year.

The Merchant segment AUTO1.com sold 162,530 vehicles to partner dealers, up 24.1% year over year. Merchant revenue was EUR 1.3 billion, up 26.0% year over year and gross profit was EUR 153.1 million, up 47.7% year over year with GPU of EUR 942, up 19.0% year over year.

AUTO1 Group’s Retail business Autohero sold 20,553 units, up 30.5% year over year, generating revenue of EUR 352.5 million, up 38.8% year over year. Retail gross profit was EUR 48.2 million, up 60.2% year over year and Autohero reported GPU of EUR 2,318, up 17.6% year over year.

Financial Outlook

AUTO1 Group provides the following full-year guidance for 2025:

• Total units at 735,000 - 795,000 (2024: 689,773 units)
• Units in the Merchant segment at 650,000 - 700,000 (2024: 615,335 units)
• Units in the Retail segment 85,000 - 95,000 (2024: 74,438 units)
• Total gross profit at EUR 800 - 875 million (2024: EUR 724.7 million)
• Adjusted EBITDA of EUR 135 -165 million (2024: EUR 109.2 million)

Selected financial data

The Group’s financial results for the fourth quarter and full year 2024 can be found in the company’s quarterly trading update presentation in the Investor Relations section of the AUTO1 Group homepage.

AUTO1 Group will publish its annual report for 2024 on 2 April 2025.

About AUTO1 Group

Founded in 2012, AUTO1 Group is a multi-brand technology company that is building the best way to buy and sell cars. Its local European consumer brands like wirkaufendeinauto.de offer consumers the fastest and easiest way to sell their car. Its merchant brand, AUTO1.com, is Europe's largest wholesale platform for car trading professionals. With its retail brand Autohero, AUTO1 Group is using its technology, scale and operational excellence to develop the best consumer experience to buy a used car. AUTO1 Group is operating in over 30 countries and generated a revenue of EUR 6.3 billion in 2024. Following its successful IPO in February 2021, the group's shares are trading on the regulated market (Prime Standard) of the Frankfurt Stock Exchange under the trading symbol AG1 and the ISIN DE000A2LQ884.

For more information please visit www.auto1-group.com

Investor Relations contacts

Philip Reicherstorfer

Group Treasurer

Phone: +49 (0)30 - 2016 38 213

Email: ir@auto1-group.com

Maria Shevtsova

Head of Investor Relations

Phone: +49 (0) 170 556 9259

Email: ir@auto1-group.com

Media Relations contact

Christine Preyer

Director Communications & PR

Phone: +49 (0)175 64 59 192

Email: press@auto1-group.com

Forward Looking Statements

This publication contains forward-looking statements based on current views and assumptions of AUTO1 Group’s management and made to the best of such management’s knowledge. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that could cause AUTO1 Group’s revenues, profitability or the degree to which it performs or achieves its targets to materially deviate from what is explicitly or implicitly stated or described in this publication. Therefore, persons who obtain possession of this publication should not rely on such forward-looking statements. AUTO1 Group accepts no guarantee or responsibility regarding forward-looking statements and will not adjust them to future results or developments.

^[1]&2 GPU is not equal to gross profit/number of cars sold because of the effects of inventory changes due to the capitalization of internal refurbishment costs which are not part of cost of materials.

^[2]