AUTO1 GROUP (AG1) Q4 2024 earnings summary

Executive summary

• Achieved record-breaking performance in 2024, with all-time highs in units sold, 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 and digital platform drove profitable growth and operational resilience.

• Automation, AI advancements, and expanded branch network contributed to superior demand and efficiency, with 114 new branches added in 2024.

• Q4 2024 marked the strongest quarter ever, with significant growth across all key metrics.

Financial highlights

• Full-year units sold reached 689,773, up 17.7% year-over-year; Q4 units sold were 183,083, up 24.8%.

• Full-year revenue was €6,271.9 million, up 14.8% year-over-year; Q4 revenue was €1,699.9 million, up 28.4%.

• Gross profit for 2024 was €724.7 million, up 37.3% year-over-year; Q4 gross profit was €201.3 million, up 50.5%.

• Adjusted EBITDA for 2024 was €109.2 million, a €153.2 million improvement year-over-year; Q4 adjusted EBITDA was €37.2 million.

• Adjusted EBITDA margin reached 1.7% for 2024, up 2.5 percentage points year-over-year.

Outlook and guidance

• 2025 guidance: total units 735,000–795,000; Merchant units 650,000–700,000; Retail units 85,000–95,000.

• 2025 gross profit expected at €800–875 million; adjusted EBITDA projected at €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.