EQS-News

Allane Mobility Group records growth in consolidated operating revenue and contract portfolio in 2023 - Seite 2

Business development
In the Retail Leasing business field, the contract portfolio as of 31 December 2023 increased by 23.7% year-on-year to 43,600 contracts. In the Fleet Leasing business field, the number of contracts was slightly higher than in the previous year at 33,700, an increase of 0.3%. The contract portfolio also increased in the Fleet Management business unit, rising by 3.1% to 48,500 contracts. Overall, the Group contract portfolio in Germany and abroad (excluding franchise and cooperation partners) was up 8.6% on the previous year at 125,800 contracts.

According to preliminary calculations, consolidated operating revenue* (excluding sales revenue**) increased by 13.0% to EUR 361.2 million. Sales revenue** from the sale of lease returns and the marketing of customer vehicles from Fleet Management increased by 2.4% to EUR 276.5 million. This development was mainly due to a slight increase in the volume of vehicles sold as a result of the continued high demand for used vehicles, with unit prices remaining almost constant compared to the previous year. Consolidated revenue, which includes consolidated operating revenue* and sales revenue**, therefore increased by 8.1% to EUR 637.7 million.

Earnings before interest, taxes, depreciation and amortization (EBITDA) increased significantly by 19.4% to EUR 221.0 million in the 2023 financial year. At EUR 12.6 million, earnings before taxes (EBT), however, were slightly below the previous year's level. This is mainly due to a lower financial result resulting from increased refinancing costs due to higher interest rates.

The Allane Mobility Group will announce the final and audited figures for the 2023 financial year and an outlook for the 2024 financial year with the publication of the Annual Report 2023 on 30 April 2024.

_{* In the 2023 financial year, there was an adjustment in revenue recognition in accordance with IFRS 15 for some service components, meaning that Allane no longer recognizes the corresponding revenue in the role of the principal, i.e. on a gross basis, but in the role of the agent, i.e. on a net basis. This adjustment is reflected in the consolidated operating revenue. As a result of the adjustment, the previous year’s figure changed by EUR 65.8 million from EUR 385.4 million to EUR 319.6 million.}