AUTO1 Group SE
ISIN: DE000A2LQ884
WKN: A2LQ88
26 September 2024 07:30AM

AUTO1 Group sets new standards with its inhouse AI-powered damage detection technology

AUTO1 Group SE · ISIN: DE000A2LQ884 · EQS - Company News
Country: Germany · Primary market: Germany · EQS NID: 1995655


EQS-Media / 26.09.2024 / 07:30 CET/CEST

AUTO1 Group sets new standards with its inhouse AI-powered damage detection technology
 

  • The Group launches its AI-powered AUTO1 Car Audit Technology (AUTO1 CAT) in its Autohero flagship used car production center in Berlin/Brandenburg, Germany
  • AUTO1 Group’s AI-powered technology automatically detects around 90% of damages and is seamlessly integrated into the used car production process
  • AUTO1 CAT is set to substantially improve the efficiency of the car evaluation process while offering Autohero customers the best quality cars

 

Berlin, 26 September, 2024AUTO1 Group SE, Europe's leading digital automotive platform for buying and selling used cars, today announced the launch of AUTO1 Car Audit Technology (CAT), its inhouse AI-powered vehicle damage detection technology. With AUTO1 CAT, AUTO1 Group is laying the foundation to substantially improve the efficiency of vehicle inspections.

AUTO1 CAT is setting new standards in the vehicle inspection process, already detecting around 90% of damages such as dents and scratches.

Szymon Pasko, VP Engineering of AUTO1 Group: “I am thrilled that our investments to date are yielding strong results with significantly improved productivity. Our team did a tremendous job developing and refining our inhouse damage detection technology. I am excited to see it in operation in our flagship production center in Germany. We are already reaching impressive damage detection accuracy, which will improve exponentially as we use AUTO1 CAT on hundreds of cars each week, enhancing the AI with every inspection.”

AUTO1 CAT is seamlessly integrated into AUTO1 Group’s internal refurbishment systems and processes. The AI-powered damage detection is the first process step for all Retail cars at the production center in Berlin/Brandenburg. It delivers accurate damage information in real-time to car inspectors. AUTO1 CAT consists of a hardware scanner, which detects damages of the body within seconds through taking pictures with several cameras, as well as embedded software to analyze and record the damages to enhance the Group’s digital workflow. In addition, AUTO1 Group has built an AI-powered image recognition technology, which assesses the condition of the vehicles based on the scans.

Karol Niznik, SVP Production, Logistics and Procurement of AUTO1 Group: “I am very happy to integrate our AI-powered damage detection technology into our production center processes to improve efficiency. We are receiving very positive feedback from our car inspectors on AUTO1 CAT, as it enables them to detect damages faster and more accurately. The first results are very promising already and we look forward to developing AUTO1 CAT further as we scale our used car production.”

Christian Bertermann, CEO and Co-founder of AUTO1 Group: “Our inhouse damage detection technology allows us to further enhance operational leverage in our used car production centers and will positively impact lead times. I am proud of our talented tech and production center teams for driving innovation and developing cutting-edge technologies.”

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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 5.5 billion in 2023. 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 contact

Philip Reicherstorfer

Group Treasurer

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

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

 

 

 

 

 

 



End of Media Release


Issuer: AUTO1 Group SE
Key word(s): Research/Technology

26.09.2024 CET/CEST Dissemination of a Press Release, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com


Language: English
Company: AUTO1 Group SE
Bergmannstr. 72
10961 Berlin
Germany
E-mail: ir@auto1-group.com
Internet: https://www.auto1-group.com
ISIN: DE000A2LQ884
WKN: A2LQ88
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Tradegate Exchange
EQS News ID: 1995655

 
End of News EQS Media

1995655  26.09.2024 CET/CEST

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The most important financial data at a glance
  2018 2019 2020 2021 2022 2023 2024e
Sales1 2.852,36 3.475,96 2.829,65 4.774,97 6.534,12 5.462,84 0,00
EBITDA1,2 -104,00 -92,81 -34,85 -124,41 -182,98 -63,19 0,00
EBITDA-Margin3 -3,65 -2,67 -1,23 -2,61 -2,80 -1,16 0,00
EBIT1,4 -121,95 -113,43 -64,61 -151,49 -219,73 -106,12 0,00
EBIT-Margin5 -4,28 -3,26 -2,28 -3,17 -3,36 -1,94 0,00
Net Profit (Loss)1 -125,65 -121,26 -143,64 -374,05 -246,37 -116,47 0,00
Net-Margin6 -4,41 -3,49 -5,08 -7,83 -3,77 -2,13 0,00
Cashflow1,7 -138,37 -138,40 45,49 -467,25 -392,36 -55,43 0,00
Earnings per share8 -0,68 -0,59 -0,84 -1,81 -1,15 -0,54 -0,27
Dividend per share8 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Quelle: boersengefluester.de and Company information
Explanation

1 in Mio. Euro; 2 EBITDA = Earnings before interest, taxes, depreciation and amortisation; 3 EBITDA in relation to sales; 4 EBIT = Earnings before interest and taxes; 5 EBIT in relation to sales; 6 Net profit (-loss) in relation to sales; 7 Cashflow from operations; 8 in Euro; Source: boersengefluester.de

Auditor: KPMG

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INVESTOR-INFORMATION
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Auto1 Group
WKN ISIN Legal Type Marketcap IPO Recommendation Plus Code
A2LQ88 DE000A2LQ884 SE 3.433,22 Mio € 04.02.2021 Verkaufen 9F4MF9QX+PH
* * *
PE 2025e PE 10Y-Ø BGFL-Ratio Shiller-PE PB PCF KUV
0,00 0,00 0,00 -20,99 5,95 -61,94 0,63
Dividends
Dividend '2022
in €
Dividend '2023
in €
Dividend '2024e
in €
Div.-Yield '2024e
in %
0,00 0,00 0,00 0,00%
Financial calendar
Annual General Meeting Q1-figures Q2-figures Q3-figures Annual press conference
04.06.2025 07.05.2025 03.09.2025 13.11.2024 02.04.2025
Performance
Distance 60-days-line Distance 200-days-line Performance YtD Performance 52 weeks IPO
Last Price (EoD)
-0,13%
15,76 €
ATH 56,76 €
+38,59% +93,42% +142,91% +156,68% -58,53%

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