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Aramis Group increases its used car refurbishment capacity with the opening of a fourth centre

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PRESS RELEASE

Arcueil, 17 November 2021

Aramis Group increases its used car refurbishment capacity with the opening of a fourth centre

Aramis Group [Ticker: ARAMI – ISIN: FR0014003U94], a European leader in online B2C sales of used cars operating the Aramisauto, Cardoen, Clicars and CarSupermarket brands, in France, Belgium, Spain and the United Kingdom respectively, announces the inauguration of its fourth reconditioning centre in Antwerp, Belgium. This industrial site completes an existing fleet of three centres in Europe: Donzère (France), Madrid (Spain) and Goole (UK).

As the first stage, once fully operational, this new 20,000 square metre centre will employ around 100 people and will enable the Group to respond to the strong acceleration of its sales in Belgium by refurbishing c.12,000 additional cars per year. Thanks to the know-how and expertise of Aramis Group, a pioneer in the reconditioning business since 2014, customers will benefit from reliable and guaranteed cars at the best price.

This inauguration is part of the Group's strategy to increase its refurbishment capacity in order to support the strong revenue growth in this segment (+42.1% in 20211).

Nicolas Chartier and Guillaume Paoli, co-founders2 of Aramis Group, say:
"The opening of this fourth centre marks a new stage in the Group's development. It is a fundamental part of Aramis Group's strategy to increase its reconditioning capacity in order to offer its customers reliable and affordable cars, and unparalleled satisfaction. This new centre in Antwerp integrates the Group's best know-how and demonstrates its ambition to offer a more virtuous model of individual mobility through its refurbished vehicles."

Aramis Group intends to continue expanding its refurbishment capacity with the opening of two additional centres in Europe in the coming months, in Nemours (France) and Hull (United Kingdom).

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About Aramis Group

Aramis Group is a leading European B2C platform to acquire a used car online and brings together four brands: Aramisauto, Cardoen, Clicars and CarSupermarket, in France, Belgium, Spain and the UK respectively. The Group is transforming the used car market and is putting digital technology at the service of customer satisfaction with a fully vertically integrated business model. For the full 2021 fiscal year, Aramis Group generated revenue of 1.36 billion euros on a pro forma basis, sold more than 80,000 B2C vehicles, and recorded more than 73 million visits on their websites. As of the end of September 2021, the Group employs 1,800 people, operates a network of 61 agencies and three industrial refurbishment sites. Aramis Group is listed on compartment A of the Euronext Paris stock exchange (Ticker: ARAMI – ISIN: FR0014003U94). For more information, visit www.aramis.group.

Investors Contacts

Aramis Group
investor@aramis.group

Media Contacts

Brunswick
aramisgroup@brunswickgroup.com
Hugues Boëton +33 (0) 6 79 99 27 15
Alexia Gachet +33 (0)6 33 06 55 93

Disclaimer:

Certain information included in this press release are not historical facts but are forward-looking statements. These forward-looking statements are based on current beliefs, expectations and assumptions, including, without limitation, assumptions regarding present and future business strategies and the environment in which Aramis Group operates, and involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements, or industry results or other events, to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include those discussed or identified under Chapter 3 “Facteurs de Risques” in the Registration Document dated 25 May 2021, approved by the AMF under number I. 21-024 and available on the Company’s website (www.aramis.group) and the AMF’s website (www.amffrance.org). These forward-looking information and statements are not guarantees of future performances. Forward-looking statements speak only as of the date of this press release and Aramis Group expressly disclaims any obligation or undertaking to release any update or revisions to any forward-looking statements included in this press release to reflect any change in expectations or any change in events, conditions or circumstances on which these forward-looking statements are based. Such forward-looking statements are for illustrative purposes only.

This press release includes only summary information and does not purport to be comprehensive. No reliance should be placed on the accuracy or completeness of the information or opinions contained in this press release.

Some of the financial information contained in this press release is not directly extracted from Aramis Group’s accounting systems or records and is not IFRS (International Financial Reporting Standards) accounting measures. It has not been independently reviewed or verified by Aramis Group’s auditors.

This press release does not contain or constitute an offer of securities for sale or an invitation or inducement to invest in securities in France, the United States or any other jurisdiction.

1 Pro forma of the acquisition of CarSupermarket in the UK
2 Nicolas Chartier is Chairman and Chief Executive Officer of the Company, and Guillaume Paoli is Deputy Chief Executive Officer, on a 2-year rotation basis

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