HALF-YEAR REPORT
H 1 2 0 2 2
1 4 S E P T E M B E R 2 0 2 2
Q2 and H1 2022:
Strong Unit, Revenue
and Gross Profit Growth
Autohero crosses IPO target of EUR 1,000 GPU twelve months early
- Q2 2022 Group revenue at EUR 1.74 billion (Q2 2021: EUR 1.07 billion); H1 2022 at EUR 3.38 billion (H1 2021: EUR 1.96 billion)
-
Q2 2022 Group gross profit at EUR 126.4 million (Q2 2021: EUR 99.3 billion); H1 2022 at EUR 250.3 million (H1
2021: EUR 185.7 million) - AUTO1 Group is well funded with over EUR 640 million of cash and liquid assets and no corporate debt to achieve its goal of adjusted EBITDA profitability by Q4 2023
Financial Outlook:
2022 Revenue Guidance Increased
- AUTO1 Group increases its revenue guidance from EUR 5.7 to 6.8 billion to a range between EUR 6.0 and 7.0 billion.
- The gross profit range of EUR 470-580 million with an adjusted EBITDA margin between -2.0% and -3.0% remain unchanged.
2022 H1 H A L F - Y E A R R E P O R T | 2 |
01
02
03
04
4 MISSION STATEMENT
- 2022 H1 HIGHLIGHTS
- Our Q2 Results Continue Our Long-Term Revenue and Gross Profit Track Record
- Since IPO, We Have Consistently Improved Our Customer Satisfaction to Strong and Sustainable Levels
- Our Merchant Business Continues Its Solid Growth Track Record
- Autohero Substantially Improved Its Gross Profit While Growing Units and Revenue
- Autohero GPU Hits 2023 IPO Target in Q2 2022, Surpassing Merchant GPU and Setting a New Baseline
- Financial Overview
- INTERIM GROUP MANAGEMENT REPORT
- Group Profile
13 Economic Report
17 Forecast, Opportunities and Risk Report
- INTERIM CONSOLIDATED FINANCIAL STATEMENTS
- Consolidated Statement of Financial Position
- Consolidated Statement of Profit or Loss and Other Comprehensive Income
- Consolidated Statement of Changes in Equity
- Consolidated Statement of Cash Flows
- Selected Notes to the Consolidated Interim Financial Statements
- RESPONSIBILITY STATEMENT
- SERVICE
- Glossary
- Financial Calendar
39 Contact
2022 H1 H A L F - Y E A R R E P O R T | 3 |
MISSION STATEMENT
Building
the Best Way to Buy and Sell Cars Online
AUTO1 Group is focused on building the leading used car business across Europe. We are a business led by founders with an entrepreneurial spirit, longstanding industry experience, the proven ability to scale, and a lasting commitment to our mission.
2022 H1 H A L F - Y E A R R E P O R T | 4 |
01
2022 H1 HIGHLIGHTS
PAGE 5
PAGE 6
PAGE 7 PAGE 8 PAGE 9
PAGE 10
Our Q2 Results Continue Our Long-Term Revenue and Gross Profit Track Record
Since IPO, We Have Consistently Improved Our Customer Satisfaction to Strong and Sustainable Levels
Our Merchant Business Continues Its Solid Growth Track Record
Autohero Substantially Improved Its Gross Profit While Growing Units and Revenue
Autohero GPU Hits 2023 IPO Target in Q2 2022, Surpassing Merchant GPU and Setting a New Baseline
Financial Overview
2022 H1 H A L F - Y E A R R E P O R T | 5 |
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AUTO1 Group SE published this content on 14 September 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 September 2022 05:49:04 UTC.