AAA AUTO GROUP N.V. 
By Regulatory Announcement of Inside Information
Published: 28.03.2012 at 8:00
Prague / Budapest 28 March 2013 - According to the preliminary unaudited consolidated financial results, AAA Auto Group N.V. recorded total Net Profit of EUR 22.3 million, while Operational Profit EBITDA reached EUR 29.6 million on a Total turnover of EUR 335.9 million.
Continuing regional expansion represented by the opening of two new branches in Czech Republic[1]and two also in Slovakia1 resulted into an increase of total number of sold cars (15% yoy) with the final amount of 51,364 sold cars followed by the growth of Total Turnover, which was 22% higher in comparison with 2011 and reached EUR 335.9 million. The Group kept its continuous growth trend in year-on-year comparison within the whole year 2012.
Enhancement was achieved also within the Gross Profit on Sales, which amounted to EUR 91.6 million (EUR 71.5 mil in 2011). Leading role in this growth had the improved level of Gross Profit Margin managed by Group's long-term focus on highly liquid cars and by keeping the high penetration of financial services (ratio over 50% in 2012 represents more than 15% yoy increase).
Summary of key financial highlights in 2012
· Total Revenues reached EUR 335.9 million
- of which Revenues from cars amounted to EUR 274.3 million
- number of cars sold went up by 14.6% year-on-year to final number of 51,364 with average selling price EUR 5,340 per car (+4.1% increase in comparison with 2011)
· Gross Profit on Sales amounted to EUR 91.6 million
· Operating Expenses were EUR 62,5 million in total
· Operational Profit EBITDA resulted at EUR 29,6 million
· Total Consolidated Net Profit more than doubled year-on-year to EUR 22,3 million
Preliminary outlook for financial results in 2013
As for the results of 2013, although the number of sold cars remained flat yoy in January and February, the 1Q net income will be under 1Qof 2012. Considering the current economical slowdown and the net income drop in the first two months the company estimates this year profitability will also be below the profitability level of 2012.
AAA Auto Group N.V. plans to release its final audited consolidated financial results for 2012 together with its Annual Report 2012 on 30th April 2013.
Contact:
Michal HäcklPavel Tu
