28 June 2024
AURES Holdings a.s. („AURES“ or the „Company“) has today published its Audited Annual Report for 2023.
AURES continues strong growth in core markets in 2023
In 2023, AURES continued to strengthen its position in key markets including the Czech Republic, Slovakia, and Poland. The Company's robust digital platform attracted over 30 million unique online visitors annually, leading to the sale of nearly 100,000 cars. This achievement represents a compound annual growth rate of over 20% from 2020 to 2023.
AURES embraces AI and advances Polish expansion
In 2023, AURES harnessed the power of generative AI for web copy, voice agents, and automated market insights, significantly enhancing its operational efficiency. The same year marked the initiation of the second phase of our Polish expansion, aiming to further boost profitability. The Company's continued growth and innovation underscore its commitment to providing exceptional service and value to its customers.
2023 Highlights
€ millions, unless otherwise indicated |
2023 |
2022 |
Change |
Revenue |
1,121.8 |
1,012.9 |
+11% |
Gross margin |
200.9 |
171.9 |
+17% |
Gross margin (%) |
17.9% |
17.0% |
|
EBITDA |
61.0 |
44.9 |
+36% |
EBITDA margin (%) |
5.4% |
4.4% |
|
Number of cars sold |
98,151 |
89,086 |
+10% |
Number of employees |
2,555 |
2,494 |
+2% |
"Our success at AURES is a testament to the power of technology and innovation. We've utilized advanced sourcing technology, machine learning, and AI to identify the right cars and sell them at attractive margins. Our unique C2B2C approach, combined with our scalable, technology-driven business model, allows us to handle high volume retail sourcing and selling. We're not just selling cars, we're delivering value through every customer touchpoint, be it offline, online, or hybrid." says Karolína Topolová, Co-CEO of AURES.
The Annual Report is available on our website as interactive Pdf for viewing or download.
About AURES Holdings
AURES Holdings is the largest independent used car dealer in Europe, with over 30 years of experience and 44 retail super-stores. The Company utilizes proprietary technology powered by artificial intelligence and machine learning to drive its operations. AURES' unique C2B2C business model differentiates it in the pre-owned vehicle sector, enabling effective customer acquisition and vehicle sourcing. The Company's industry-leading margins and ability to scale into new markets underscore its growth potential and leadership in the pre-owned car retail sector.
The majority owner of AURES Holdings is Abris Capital Partners, a leading independent private equity fund manager for Central Europe.
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