EQS-News
Allane Mobility Group grows significantly in the first quarter of 2024
- Allane Mobility Group grows significantly in Q1 2024
- Operating revenue up by 32.4% to EUR 103.8 million
- Forecast for 2024 confirmed with goal of 150,000 contracts
EQS-News: Allane SE / Key word(s): Quarter Results/Quarterly / Interim Statement Allane Mobility Group grows significantly in the first quarter of 2024 |
- Consolidated operating revenue grows by 32.4% to EUR 103.8 million
- Group contract portfolio of 125,100 contracts 11.5% above the figure for Q1 2023
- Forecast for the 2024 financial year confirmed
Pullach, 10 May 2024 – Allane Mobility Group ("Allane"), specialist for vehicle leasing and full-service solutions in Germany, published its quarterly statement for the first three months of the 2024 financial year today. Accordingly, consolidated operating revenue increased significantly compared to the same period of the previous year. The Group contract portfolio remained stable compared to December 31, 2023, but increased significantly compared to the same quarter of the previous year. Earnings before taxes (EBT) fell due to extraordinary write-offs for risk provisioning.
Eckart Klumpp, CEO of Allane SE: "With our ‘FAST LANE 27’ strategy, we have already returned to the growth path in 2023. In the first quarter of 2024, we achieved a significant increase in operating revenue and therefore accelerated our growth trajectory. We are confident that we will continue to expand our operating business in the current financial year. Our goal for the end of the year is a contract portfolio of up to 150,000 contracts."
Business development in the first quarter of 2024
At 125,100 contracts, the Group contract portfolio in Germany and abroad (excluding franchise and cooperation partners) remained at the level of 31 December 2023 (125,800 contracts), but
increased significantly by 11.5% compared to the same quarter of the previous year (31 March 2023: 112,200).
Consolidated revenue, which includes operating revenue and sales revenue, increased by 16.0% to EUR 175.5 million in the first quarter of 2024 (Q1 2023: EUR 151.3 million*). Consolidated operating revenue, which does not include revenue from vehicle sales, increased by 32.4% to EUR 103.8 million (Q1 2023: EUR 78.4 million*). This development is due to the increase in leasing income – particularly in the Retail Leasing segment. Sales revenue* for lease returns and brokered or marketed customer vehicles in Fleet Management fell by 1.6% and thus slightly to EUR 71.7 million (Q1 2023: EUR 72.9 million*). This was due in particular to a decline in sales prices.