Auto1 Group Se (ATOGF) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello, good afternoon and good morning and good evening to international participants. Welcome to the Auto1 Group first quarter 2025 results presentation. I'm Philip Reikersdorfer, Group Treasurer. As always, I'm joined today by Christian Bertermann, our co-founder and CEO, and Markus Boser, our CFO. We will start with the presentation, followed by questions and answers. If you would like to ask a question, please raise it via the usual Zoom Q&A tool at the bottom of your screen. We will then call on you to ask your question directly after the presentation. Before I hand over, I must make you aware of the safe harbor provisions at the beginning of the presentation. These will apply to any forward-looking statements made today by management. And now over to Christian. Thank you, Philip. Hi, everyone. And welcome to this Model 1 Group Q1 earnings call. Q1 was a very strong quarter across the board. We followed our strategy of maximizing value for our customers closely. We generated the highest demand for our products we have seen so far, and this led to double-digit unit growth for the group, alongside new records for gross profit and adjusted EVTA. Our teams are delivering excellent work, and we look forward to unlocking more of the massive growth opportunity in Europe's used car market going forward. In Q1, we sold a record 204,000 vehicles to merchants and consumers, and we crossed the 200,000 quarterly units store mark for the first time in our history. This strong result represents a 25% year-on-year unit increase. We also generated record gross profit of €236 million for Q1, surging by 45% year-on-year and €35 million more than in Q4 of last year. GroupGPU also hit a new record of €1,160, a 17% increase compared to Q1 of last year. We achieved our highest ever ad...