Berlin (dpa-AfX)-The online used car dealer Auto1 goes into the new year after a strong annual conclusion and wants to surprisingly significantly expand the profits in day-to-day business. CEO and co -founder Christian Bertermann sees the first reaching black figures for the operational profit (adjusted EBITDA) last year as a springboard for more. “Despite these strong results, we are only at the very beginning with a market share of 2.5 percent and see enormous potential in the European used car market-especially with regard to our long-term market share targets,” said Bertermann of the finance news agency dpa-AFX on Wednesday. The stock continued its strong run.
The paper attracted over 11 percent in the top and marked a high since 2021. Most recently, it was almost 10 percent in plus 20.62 euros. It was even less than 7 euros in early 2024, and since the beginning of this year the course has won almost a third. For long -term investors, however, this is still only a consolation: In spring 2021, Auto1 went to the stock exchange for 38 euros per piece and rose to over 50 euros on the first day of trading.
JPMorgan analyst Marcus Diebel wrote that the fourth quarter and the outlook are much better than expectations. Both the gross gain the car and the sales volume are strong. The market expectations for the operational profit in the new year are likely to attract significantly.
In the current year, the profit, which is adjusted for special effects, is to increase to interest, taxes, taxes and depreciation to 135 to 165 million euros, as the MDAX company announced. That is also more at the bottom of the range than analysts so far expected on average. Last year, the Berliners wrote blacks for the first time with EUR 109.2 million in the day -to -day business after an operational loss of almost 44 million euros had occurred the previous year. The company benefited from greater gross gain the sold car and increased sales. The final quarter was significantly stronger than expected.
In the case of sales of used vehicles, management for 2025 takes advantage of between 735,000 and 795,000 vehicles, after an increase of almost 18 percent to almost 690,000 cars last year. In both segments, the one with commercial dealers and the one with private customers (activeaufunendeTeTeTo.de, Autorhero), the company increased both the sales figures and gross profit per vehicle – that is, the difference from the average sales and purchase price.
In the long term, boss Bertermann and CFO Markus Boser have much more business in mind. The market share of the company in Europe is said to climb from 2.5 percent to ten percent. The adjusted operational margin is intended to achieve a range of 5 to 9 percent of sales. Last year it was only 1.7 percent./mne/stk
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