Overview: Profit Forecast Increase from Auto1 After Strong Q1
The online used car dealer Auto1 has raised its profit forecast for the year 2025. This positive news follows a particularly strong first quarter, supported by both positive operational figures and a sharp market reaction in the financial markets.
Details on the Forecast and Business Development
- Gross Profit: A gross profit of €845 to €905 million is expected, which is above the previous forecast.
- Adjusted EBITDA: Auto1 adjusted its forecast for the adjusted EBITDA upwards to €150 to €180 million.
- Sales Targets: The sales forecast remains constant at 735,000 to 795,000 units, which corresponds to a growth of up to 15%.
Strong Q1 Numbers as Drivers
In the first quarter, Auto1 recorded:
- Sales Growth: +24.6% to around 204,046 vehicles.
- Revenue Growth: +33.6% to approximately €1.9 billion.
- Gross Profit Q1: Increased by 45.1% to €236.4 million.
- Adjusted EBITDA Q1: New record level at €58.1 million, representing an increase of 241.9%.
“The record results in the first quarter underscore the strength of our vertically integrated business model,” said CFO Markus Boser.
Market Reaction and Analyst Opinion
The increase in forecasts led to a positive price development of the AUTO1 stock, which rose by more than 8% to €24.50. Analysts remain optimistic regarding the company’s progress.
Significance for Investors
For investors, the news underscores the strong operational performance and confidence in Auto1’s long-term profitability.
Conclusion: The strong start to the year demonstrates the scalability of the business model and increases attractiveness for investors.