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DGAP-News: AUTO1 Group SE / Key word(s): Quarter Results
- Revenue of €900 million, demonstrating strong performance in the face of ongoing Covid-19-related lockdowns
- Autohero retail business grows by 87% quarter-on-quarter with 7,815 units sold
- Merchant sold 122,722 units, an increase of 9% from Q4 2020
- AUTO1 confirms 2021 guidance of generating full-year revenue of €3.8-4.2 Billion
Berlin, 19 May 2021 - AUTO1 Group, Europe's leading platform for buying and selling used cars online, today announced financial results for the first quarter ended 31 March 2021, showing substantial growth across its digital business and significant progress against key objectives, including hyper-growth in its Autohero retail brand.
Christian Bertermann, CEO and Co-founder of AUTO1 Group: "Following our successful IPO in February, we have been laser-focused on delivering on our key objectives for 2021, and I am very proud of the progress we have made, defying the effects of continued Covid-19-related lockdowns in many of our markets. Our first-quarter numbers once again show healthy growth across the business. We are particularly happy to see our Autohero retail offering taking off with such vigor. Given our first-quarter performance, we are very optimistic for the coming months."
Autohero, the first fully digital used car retailer for consumers in Europe, saw particularly strong growth, with the number of units sold via Autohero surging almost 87% to 7,815 units from 4,187 units in the fourth quarter of 2020. AUTO1 Group's merchant segment also showed strong growth and defied the impact of continued Covid-19-related lockdowns in many of its markets with an increase in C2B units to 106,140 units, up 8% from the fourth quarter of 2020, and units in the remarketing channel up 12% from the previous quarter to 16,582 units.
AUTO1's complete first quarter 2021 financial results can be found by accessing the company's quarterly report and results presentation on the quarterly results page in the Investor Relations section of the company's homepage.
AUTO1 Group's H1 2021 trading update is scheduled for release on 6 August 2021.
AUTO1 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, and are included in the S-Dax Index.
For more information please visit www.auto1-group.com.
Certain statements in this communication may constitute forward looking statements. These statements are based on assumptions that are believed to be reasonable at the time they are made, and are subject to significant risks and uncertainties. Our actual results may differ materially and adversely from any forward-looking statements discussed in this communication. You should not rely on forward-looking statements as predictions of future events. We do not undertake any obligation to update or revise these statements and do not accept any liability regarding the achievement of forward looking statements.
19.05.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
AUTO1 Group SE
Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Tradegate Exchange
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