Auto1 Group Se (ATOGF) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello, good afternoon and good morning and good evening to international participants. Welcome to the O2One Group second 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 a question directly after the presentation. Before I hand over, I must make you aware of the safe harbor provisions at the beginning of this presentation here. These will apply to any forward-looking statements made by management today. And now over to you, Christian. Hi, everyone. Thank you, Philip, for this introduction. Welcome to this AutoOne Group Q2 earnings call, everyone. Q2 was a very strong quarter for AutoOne. We sold 200,000 vehicles in total. That represents 21% year-on-year growth. Cross-profit surged by 33%. year-on-year to 231 million euro. That is an increase of 58 million euro compared to Q2 of last year. Group gross profit per unit also increased climbing 10% year-on-year to 1148 euro. This is up from 1041 euro in Q2 of last year. We doubled our adjusted EBITDA from 21 million Euro last year to 42 million this year, while our adjusted EBITDA margin increased by 70 basis points to 2.1% year on year. These results are driven by the advantages of our vertically integrated business model, which is fueling sustained growth across both our retail and merchant segments. We have very strong momentum, and we will keep our focus on delivering exceptional value to our customers to drive further market share gains. As some of you might know, we are pur...