EQS-News: AUTO1 Group Achieves Profitability Ahead of Plan
Berlin, November 8, 2023 – AUTO1 Group SE, Europe’s leading digital automotive platform for buying and selling used cars, today published its financial results for the third quarter of 2023.
- Berlin, November 8, 2023 – AUTO1 Group SE, Europe’s leading digital automotive platform for buying and selling used cars, today published its financial results for the third quarter of 2023.
- The group announced positive adjusted EBITDA in Q3, reaching break-even one quarter earlier than planned and delivered record gross profit.
- Markus Boser, CFO of AUTO1 Group: “Achieving positive adjusted EBITDA is a significant milestone in our development as a profitable growth business.
- AUTO1 Group sold 140,630 units in total in Q3, generating revenue of EUR 1.3 billion.