On the occasion of its half-yearly publication, Aramis Group has raised its annual targets for 2024, now expecting adjusted EBITDA to exceed €32 million, compared with over €19 million previously.

On a like-for-like basis, the company now expects B2C vehicle sales volumes to exceed 110,000 units for the current financial year as a whole, instead of over 100,000 units.

For the first half of its financial year (ending March), the online distributor of used vehicles posted adjusted EBITDA of €16.2 million, compared with €1 million a year earlier, with a controlled cost structure.

Aramis Group posted sales of nearly 1.1 billion euros, up 16.7% organically, with volumes of vehicles sold to private customers up by nearly 26%, outperforming the used car market by 24 points.

Copyright (c) 2024 CercleFinance.com. All rights reserved.