AUTO1 GROUP (AG1) Q4 2024 TU earnings summary

Executive summary

• Achieved record-breaking performance in 2024, with group units sold up 18% year-on-year and all-time highs in gross profit and adjusted EBITDA, marking the best year in company history.

• Adjusted EBITDA turned positive, reaching €109.2 million for FY 2024, compared to a loss of €43.9 million in FY 2023.

• Vertically integrated business model, digital platform, automation, AI advancements, and expanded branch network drove profitable growth and operational resilience.

Financial highlights

• FY 2024 units sold: 690,000 (+18% YoY); Q4 2024 units sold: 183,083 (+24.8% YoY).

• FY 2024 gross profit: €725 million (+37% YoY); gross profit per unit increased 17% to €1,049.

• FY 2024 adjusted EBITDA: €109.2 million (margin 1.7%, up 2.5pp YoY); Q4 2024 adjusted EBITDA: €37.2 million.

• FY 2024 revenue: €6,271.9 million (+14.8% YoY); Q4 2024 revenue: €1,699.9 million (+28.4% YoY).

• Cash position increased by €65 million; €153 million invested into inventory.

Outlook and guidance

• 2025 guidance: 735,000–795,000 units sold (650,000–700,000 Merchant, 85,000–95,000 Autohero).

• Gross profit expected at €800–875 million; adjusted EBITDA between €135–165 million.

• CAPEX to rise to €22 million in 2025, focused on logistics and refurbishment capacity.

• Long-term targets: 10% market share and 5–9% adjusted EBITDA margin.