Aramis Group (ARAMI) Q1 2026 TU earnings summary

Executive summary

• Q1 2026 revenues reached €550.4 million, down 4.8% year-over-year, in line with expectations and market trends.

• B2C vehicle volumes declined 5.6%, mirroring a 6% market drop, with significant country-level differences.

• France outperformed its market by 12 points, while the UK and Austria experienced declines due to ongoing management transitions.

• Customer satisfaction remains high, with a Net Promoter Score of 75 as of December 2025.

• Strategic transitions in the UK and Austria impacted volumes but are aimed at restoring fundamentals and sustainable profitability.

Financial highlights

• B2C segment revenues were €486.4 million, down 5.1% year-over-year, mainly due to lower volumes.

• Refurbished car revenues fell 11.1% to €343.1 million, driven by a 9.3% drop in volumes and a 1.8% price effect.

• Pre-registered car revenues rose 14% to €143.3 million, with a 7.5% increase in volumes and a 6.0% price effect.

• B2B revenues declined 10.2% to €33.9 million, while services revenue increased 7.1% to €30.0 million.

• France outperformed with 7% revenue growth; UK and Austria saw significant declines (-23% and -28% respectively).

Outlook and guidance

• 2026 objectives confirmed: at least 115,000 B2C vehicles sold and at least €55 million in adjusted EBITDA.

• The year is positioned as a transition period, with fundamental adjustments in certain countries expected to temporarily reduce volumes.

• Management remains confident in long-term, profitable, and cash-generative growth despite market challenges.