|
EQS-News: Allane SE
/ Key word(s): Quarterly / Interim Statement/Quarter Results
PRESS RELEASE Allane Mobility Group: Positive development in consolidated operating revenue and earnings in the first quarter of 2023
Pullach, 11 May 2023 – The Allane Mobility Group (“Allane“), specialist for vehicle leasing and full-service solutions in Germany, today published its quarterly statement for the first three months of the 2023 financial year. Accordingly, both consolidated operating revenue and earnings before taxes (EBT) increased compared to the same period last year, while the Group's contract portfolio showed a slight decrease. Overall, the Company developed in line with expectations. For the full year 2023, Allane expects an increase in the Group contract portfolio. Donglim Shin, CEO of Allane SE: “The first quarter has shown that our growth strategy 'FAST LANE 27' is already making an impact and is having a positive effect on the development of our consolidated operating revenue. We are confident that we will also be able to expand our contract portfolio in the current financial year – in particular through our Captive Leasing business pillar, which we have only just begun to build up in 2022." Business development in the first quarter of 2023 Consolidated revenue, which includes operating sales and sales revenue, decreased by 0.6 percent in the first quarter of 2023, falling slightly to EUR 188.6 million (Q1 2022: EUR 189.8 million). By contrast, consolidated operating revenue (excluding sales revenue) increased slightly by 0.8 percent to EUR 96.6 million (Q1 2022: EUR 95.8 million). This was due to the increase in usage-related revenues, such as fuel revenues and revenues from individual service products, which had still been impacted by COVID-19 measures in the prior-year quarter. Sales revenue from the sale of lease returns and the marketing of customer vehicles from Fleet Management decreased by 2.1 percent and thus slightly to EUR 92.0 million (Q1 2022: EUR 94.0 million). This development results in particular from the decline in sales volume due to a reduced remarketing portfolio following a low contract portfolio and a higher number of contract prolongations. Earnings before interest, taxes, depreciation and amortization (EBITDA) improved by 5.5 percent to EUR 50.2 million in the first quarter of 2023 (Q1 2022: EUR 47.6 million). Earnings before taxes (EBT) increased by 0.5 percent to EUR 4.44 million (Q1 2022: EUR 4.42 million), resulting from a decrease in expenses for fleet and leased assets. This positive effect was countered by the increase in depreciation on leased assets and the increase in refinancing costs due to higher interest expenses. As a result, the operating return on revenue (EBT/Consolidated revenue) remained stable at 4.6 percent (Q1 2022: at 4.6 percent). Outlook for the 2023 financial year confirmed The full quarterly statement as of 31 March 2023 is available for download on the Allane Mobility Group Investor Relations website. --- 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 2022 financial year, the Group generated consolidated revenue of around EUR 717 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. https://allane-mobility-group.com/en
11.05.2023 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: | 1629633 |
| End of News | EQS News Service |
|
|
1629633 11.05.2023 CET/CEST
P R O D U C T S U G G E S T I O N S
The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.
The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.
If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.
For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.
1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.
