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AURES Holdings a.s. 2021 Annual Report
May 3, 2022 - AURES Holdings a.s. („AURES“ or the „Group“) has today published its audited Annual Report for 2021.
2021 was a record year in AURES‘ 30 year long history in terms of sales that has yet again proven the resilience and strength of the Group. This record result can be attributed to the resilience of AURES‘ people combined with the Group’s strong market position and unique technology of sourcing cars. Another highlignt of 2021 was the successful launch of Driverama, our new data-driven e-commerce platform, in Germany.
Group revenue increased 44% to €848m, having sold 86,574 cars in the year, with the biggest demand coming from the Czech Republic, followed by Poland and Slovakia. In the Czech Republic, we sold 49,264 cars (up 23% y/y), in Poland we sold 20,383 cars (up 51% y/y), a record number for the region, and in Slovakia 16,887 cars were sold (up 22% y/y). 2021 also saw the Group surpass 2.6 million customers since its inception in 1992.
2021 Highlights
|
€ millions, unless otherwise indicated |
2021 |
2020 |
Change |
|
Revenue |
848.2 |
588.4 |
+44% |
|
Gross margin |
152.4 |
103.0 |
+48% |
|
EBITDA |
47.3 |
26.5 |
+78% |
|
Adjusted EBITDA[1] |
48.7 |
25.3 |
+92% |
|
Adjusted EBITDA margin (%) |
5.7% |
4.3% |
+33% |
|
Number of cars sold |
86,574 |
69,886 |
+24% |
|
Number of employees |
2,272 |
2,186 |
+4% |
“I am pleased to report that our Group delivered a record trading performance for the year, achieving the best sales result in our thirty-year history despite a backdrop of forced branch closures and the challenging economic uncertainty caused by the COVID-19 pandemic. We took positive actions to accelerate planned initiatives, notably investing in our market-leading technology, successfully launching Driverama in Germany, further expanding our network in Poland and we made significant strides on our ESG journey. I would like to take this opportunity to again thank all of our colleagues across the Group for their continued hard work and resilience.” says Karolína Topolová, CEO of AURES.
About AURES
Holdings
We are the largest independent pre-owned car retailer in Europe, based on the number of cars sold. We have sold over 1.3 million cars since our inception in 1992. We are a fully omnichannel retailer, with 54 locations across the Czech Republic, Slovakia, Poland, Hungary and Germany (including 42 full service branches, six buying branches and six Driverama micro-branches) as of 31.12.2021, as well as dedicated websites for each of our key brands. We sell pre-owned cars through three key brands: Mototechna, for premium cars up to five years old with a maximum of 50,000 kilometres, representing our response to the growing affluence of customers in the CEE region; AAA AUTO, which is our main brand focusing on the mid-market; and AUTO DISKONT, which is the brand for older, higher mileage and less expensive used cars. In 2021, we launched our new brand, Driverama, which is our data-driven e-commerce platform for buying and selling used cars in Western Europe. The majority owner of AURES Holdinngs is Abris Capital Partners, a leading independent private equity fund manager for Central Europe.
[1] Adjusted EBITDA represents the group’s EBITDA, adjusted to exclude income or expenses that have been recognised in a given period which, due to their one off and nonrecurring nature, should be disclosed separately, to give a more comparable view of the underlying financial performance over time. Specifically, these adjustments include costs incurred as a result of restructuring activity and other non-recurring expenses.
