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AUTO1 Group SE: Autohero opens first in-house Production Center in Germany

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DGAP-News: AUTO1 Group SE / Key word(s): Strategic Company Decision
10.09.2021 / 07:30
The issuer is solely responsible for the content of this announcement.

AUTO1 Group SE: Autohero opens first in-house Production Center in Germany

- In-house production process in response to a rapidly increasing demand

- Production capacity of approx. 16,000 vehicles per year at full capacity

- Up to 150 new specialist jobs at AUTO1 Group


Berlin, 10. September 2021 - AUTO1 Group, Europe's leading digital platform for buying and selling used cars, has commissioned its first in-house Production Center for the purpose of reconditioning used cars for Autohero in Hemau, Bavaria. The own reconditioning process, which Autohero intends to increasingly bring in-house, will lead to optimized internal processes and increased production capacity.

The 35,000 square meter site enables a production capacity of approximately 16,000 vehicles per year at full capacity. The site is already fully operational with qualified personnel, infrastructure and work stations. In response to a rapidly increasing demand, approx. 150 new jobs will be created at the Production Center in Hemau for specialists in the areas of inventory analysis, repair work, quality management, logistics, and photo & video.

Christian Bertermann, CEO and Co-Founder of AUTO1 Group: "We want to focus on the enormous Autohero growth opportunity and are therefore investing heavily in expanding the brand. With the start of the in-house Production Center in Hemau, we have reached a first important milestone for our strategic goal: We want to recondition as many Autohero vehicles as possible in-house. We will gradually increase capacity utilization at the Production Center this year and next. At the same time, we are planning further insourcing activities at other sites in Europe, some of which will also become concrete in the near future. With all the planned activities, we expect a total capacity of up to 200,000 cars next year."

About Autohero
Autohero, the online store for inspected used cars, is a brand of AUTO1 Group Operations SE and enables its customers to buy used cars conveniently, safely and individually. The company consistently offers its vehicles for sale with the Autohero quality standard. Buyers also benefit from free delivery of the vehicle anywhere in Germany directly to their front door or optionally to a pick-up location near the customer. In addition to a 21-day money-back guarantee, all vehicles come with a one-year warranty.


About AUTO1 Group
Founded in 2012, AUTO1 Group is a multi-brand technology company that is building the best way to buy and sell cars online. Its local European consumer brands like wirkaufendeinauto.de offer consumers the fastest and easiest way to sell their car. Its merchant brand, AUTO1.com, is Europe's largest wholesale platform for car trading professionals. With its retail brand Autohero, AUTO1 Group is using its technology, scale and operational excellence to develop the best consumer experience to buy a car online. AUTO1 Group is operating in over 30 countries and achieved revenues of €2.83 billion in 2020. Following its successful IPO in February 2021, the 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.

For more information please visit www.auto1-group.com

Investor Relations contact
Philip Reicherstorfer
Director Corporate Finance
Phone: +49 (0)30 - 2016 38 213
Email: ir@auto1-group.com
Media contact
Knut Engelmann
Kekst CNC
Phone: +49 174 234 2808
Email: Knut.Engelmann@kekstcnc.com

AUTO1 Group SE | Bergmannstrasse 72 | 10961 Berlin | Germany

This publication contains forward-looking statements based on current views and assumptions of AUTO1 Group's management and made to the best of such management's knowledge. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that could cause AUTO1 Group's revenues, profitability or the degree to which it performs or achieves its targets to materially deviate from what is explicitly or implicitly stated or described in this publication. Therefore, persons who obtain possession of this publication should not rely on such forward-looking statements. AUTO1 Group accepts no guarantee or responsibility regarding forward-looking statements and will not adjust them to future results or developments.


10.09.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language:

English

Company:

AUTO1 Group SE

Bergmannstraße 72

10961 Berlin

Germany

Internet:

https://www.auto1-group.com/de/

ISIN:

DE000A2LQ884

WKN:

A2LQ88

Indices:

MDAX

Listed:

Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Tradegate Exchange

EQS News ID:

1232513


 

End of News

DGAP News Service

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