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EQS-News: Allane SE
/ Key word(s): 9 Month figures/Interim Report
PRESS RELEASE Allane Mobility Group reports positive operating business performance in the first nine months of 2024
Pullach, 8 November 2024 – Allane Mobility Group („Allane“), specialist for vehicle leasing and full-service solutions in Germany, published its quarterly statement for the first nine months of the 2024 financial year today. Consolidated operating revenue increased by 38.0% year-on-year to EUR 332.6 million, while the Group contract portfolio increased by 9.2% to 138,500 contracts compared to 31 December 2023. Eckart Klumpp, CEO of Allane SE: “Despite the difficult market environment, we achieved very strong growth from January to September 2024. This positive development is primarily due to the steady expansion of our contract portfolio, which secures stable income and confirms the effectiveness of our FAST LANE 27 strategy. At the same time, we are responding to the ongoing challenging market conditions with increased risk provisioning for electric vehicles.” Performance in the first nine months of 2024 In the period from January to September 2024, consolidated revenue increased by 22.0% year-on-year to EUR 552.3 million (9M 2023: EUR 452.7 million*). Consolidated operating revenue, which does not include revenue from vehicle sales, increased by 38.0% to EUR 332.6 million (9M 2023: EUR 241.1 million*). This positive development is mainly due to the growing contract portfolio and the associated higher lease installment income in the Captive Leasing segment. Sales revenue for lease returns and brokered or marketed customer vehicles rose by 3.9% to EUR 219.8 million (9M 2023: EUR 211.6 million*). This development is mainly due to the increase in the sales volume of vehicles sold compared to the same period of the previous year and the additional marketing of third-party vehicles. However, the level of unit prices remained constant compared to the previous year. Consolidated earnings before interest, taxes, depreciation and amortization (EBITDA) rose by 53.8% to EUR 235.2 million in the first nine months of 2024 (9M 2023: EUR 152.9 million). Consolidated earnings before taxes (EBT) decreased from EUR 10.6 million in the same period of the previous year to EUR –31.8 million. This is primarily due to impairment losses as a result of negative residual value developments for electric vehicles. Outlook for the 2024 financial year The full quarterly statement as of 30 September 2024 is available for download on the Investor Relations website of Allane Mobility Group. * Adjusted; see Allane SE Group Quarterly Statement as of 30 September 2024, “1 Economic Report”, subsection “1.2 Change in revenue recognition with regard to full-service and vehicle brokerage services”. ---- About Allane Mobility Group: Private and commercial customers use Allane’s online and offline platforms to lease new vehicles affordably or acquire used vehicles from a large stock. Corporate customers benefit from the cost-efficient full-service leasing of their vehicle fleet and from comprehensive fleet management expertise. Allane SE (ISIN: DE000A0DPRE6) is listed in the Prime Standard of the Frankfurt Stock Exchange. In the 2023 financial year, the Group generated consolidated revenue of around EUR 619 million. With around 92 percent, Hyundai Capital Bank Europe GmbH (HCBE), a joint venture of Santander Consumer Bank AG and Hyundai Capital Services Inc., is the largest shareholder of Allane SE. www.allane-mobility-group.com
08.11.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. |
| Language: | English |
| Company: | Allane SE |
| Dr.-Carl-v.-Linde-Str. 2 | |
| 82049 Pullach | |
| Germany | |
| Phone: | +49 (0)89 7080 81 610 |
| E-mail: | ir@allane.com |
| Internet: | http://ir.allane-mobility-group.com |
| ISIN: | DE000A0DPRE6, DE000A2DADR6, DE000A2LQKV2 |
| WKN: | A0DPRE |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange; Luxembourg Stock Exchange |
| EQS News ID: | 2025297 |
| End of News | EQS News Service |
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2025297 08.11.2024 CET/CEST
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