AUTO1 Group reports record results in Q1 driven by strong demand

AUTO1 Group reports record results in Q1 driven by strong demand

Berlin, May 7, 2025 – AUTO1 Group SE, Europe’s leading digital automotive platform for buying and selling used cars, today reported financial results for the first quarter of 2025, highlighting record units sold, highest gross profit and best profitability.

Result highlights for the first quarter

• Record units sold of 204,046 up 24.6% year over year
• Record Merchant units sold of 182,062, up 24.2% year over year
• Record Retail units sold of 21,984, up 28.3% year over year
• Record gross profit of EUR 236.4 million, up 45.1% year over year
• Record adjusted EBITDA of EUR 58.1 million, a EUR 41.1 million improvement year over year

Christian Bertermann, CEO and Co-founder of AUTO1 Group: “Q1 was a great quarter. The performance was driven by strong demand for our products across the board and our teams delivering excellent work. We thank our partners and customers for their continued trust and remain committed to maximize value for everyone who is buying, selling or financing their next vehicle.”

Markus Boser, CFO of AUTO1 Group: “Our record results in the first quarter underscore the strength of our vertically integrated business model. Q1 again demonstrated strong operational leverage and we continue to make significant progress towards our long-term margin goals.”

First quarter business performance

The Group set a new sales record of 204,046 units in total in Q1, up 24.6% year over year, generating record revenue of EUR 1.9 billion, up 33.6% year over year. The Group reported EUR 236.4 million gross profit, up 45.1% year over year. AUTO1 Group achieved the highest adjusted EBITDA in company history of EUR 58.1 million in Q1, a 241.9% increase year over year.

The Merchant segment AUTO1.com sold 182,062 vehicles to partner dealers, up 24.2% year over year. Merchant revenue was EUR 1.6 billion, up 32.5% year over year and gross profit was EUR 180.3 million, up 39.6% year over year with GPU of EUR 990, up 12.5% year over year.

AUTO1 Group’s Retail business Autohero sold 21,984 units, up 28.3% year over year, generating revenue of EUR 382.4 million, up 38.4% year over year. Retail gross profit was EUR 56.1 million, up 65.8% year over year and Autohero reported GPU of EUR 2,569, up 31.3% year over year.

Financial Outlook

AUTO1 Group confirms its full-year unit guidance with a target of 735,000 - 795,000 total units sold, with 650,000 - 700,000 units sold in its Merchant segment and 85,000 - 95,000 units sold in its Retail segment.

The Group increases its gross profit guidance to EUR 845 - 905 million (previous: EUR 800 - 875 million) with an improved adjusted EBITDA target of EUR 150 - 180 million (previous: EUR 135 - 165 million) for the full year.

Selected Financial Data

 The Group’s financial results for the first quarter 2025 can be found in the Financials (Quarterly Earnings) section on the Investor Relations website of AUTO1 Group.

About AUTO1 Group

Founded in 2012, AUTO1 Group is a multi-brand technology company that is building the best way to buy and sell cars. Its local European consumer brands like wirkaufendeinauto.de offer consumers the fastest and easiest way to sell their car. Its merchant brand, AUTO1.com, is Europe's largest wholesale platform for car trading professionals. With its retail brand Autohero, AUTO1 Group is using its technology, scale and operational excellence to develop the best consumer experience to buy a used car. AUTO1 Group is operating in over 30 countries and generated a revenue of EUR 6.3 billion in 2024. Following its successful IPO in February 2021, the group's shares are trading on the regulated market (Prime Standard) of the Frankfurt Stock Exchange under the trading symbol AG1 and the ISIN DE000A2LQ884. For more information please visit www.auto1-group.com

Investor Relations contacts

Philip Reicherstorfer

Group Treasurer

Phone: +49 (0)30 - 2016 38 213

Email: ir@auto1-group.com

Maria Shevtsova

Head of Investor Relations

Phone: +49 (0) 170 556 9259

Email: ir@auto1-group.com

Media Relations contact

Christine Preyer

Director Communications & PR

Phone: +49 (0)175 64 59 192

Email: press@auto1-group.com

Forward Looking Statements

This publication contains forward-looking statements based on current views and assumptions of AUTO1 Group’s management and made to the best of such management’s knowledge. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that could cause AUTO1 Group’s revenues, profitability or the degree to which it performs or achieves its targets to materially deviate from what is explicitly or implicitly stated or described in this publication. Therefore, persons who obtain possession of this publication should not rely on such forward-looking statements. AUTO1 Group accepts no guarantee or responsibility regarding forward-looking statements and will not adjust them to future results or developments.

^[1]&[2] GPU is not equal to gross profit/number of cars sold because of the effects of inventory changes due to the capitalization of internal refurbishment costs which are not part of cost of materials.