AUTO1 Group Reports a Record Year in its 2023 Annual Financial Report

AUTO1 Group, Europe's leading digital platform for the sale and purchase of used cars, has announced its financial results for the year and fourth quarter of 2023, marking a record year in terms of profitability since its IPO. In 2023, the group recorded a record gross profit of 527.9 million euros, up 8% compared to the previous year, and the best adjusted EBITDA result with (44) million euros , reflecting an improvement of 122 million euros compared to 2022.

The fourth quarter saw AUTO1 Group sell 146,666 units, an increase of 4% compared to the previous quarter, generating revenues of 1.3 billion euros, up 2%. The Retail section, Autohero, reported a record GPU of 1,970 euros in Q4. For 2024, the group plans to sell 610,000 to 665,000 units in total with a gross profit target of between 565 and 625 million euros, and aspires to reach the adjusted EBITDA break-even point for the year.