EQS-News

Allane Mobility Group grows significantly in the first quarter of 2024 - Seite 2

Earnings before interest, taxes, depreciation and amortization (EBITDA) improved significantly by 40.9% to EUR 70.7 million in the first quarter of 2024 (Q1 2023: EUR 50.2 million). Due to extraordinary depreciation on leased assets, earnings before taxes (EBT) fell to EUR –4.8 million (Q1 2023: EUR 4.4 million).

Outlook for the 2024 financial year confirmed
The Allane Mobility Group confirms its forecast published in the 2023 Annual Report. Accordingly, the Allane Mobility Group expects a Group contract portfolio in the range of 130,000 to 150,000 contracts for the 2024 financial year (2023: 125,800 contracts) and consilidated operating revenue of between EUR 350 million and EUR 400 million (2023: EUR 342.7 million*). The company expects EBT to be in the high single-digit million-euro range (2023: EUR 12.6 million).

The full quarterly statement as of 31 March 2024 is available for download on the Investor Relations website of Allane Mobility Group.

* Adjusted; see "1.1 Change in revenue recognition regarding full service and vehicle brokerage" in Allane SE's quarterly statement as at March 31, 2024.

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About Allane Mobility Group:
Allane Mobility Group based in Pullach is a multi-brand provider of comprehensive mobility solutions. In its business fields Retail Leasing, Fleet Leasing and Fleet Management, the Company offers a wide range of services and innovative solutions that make mobility easy in every way.

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 2023 financial year, the Group generated consolidated revenue of around EUR 619 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.

www.allane-mobility-group.com