Aramis Group Lowers 2026 Targets: EBITDA Adjusted to 35-45 M€
Aramis Group updates its annual forecasts for 2026, lowering its volume and EBITDA targets due to tougher market conditions than anticipated, particularly in France. The group now expects at least 110,000 units sold and an adjusted EBITDA between 35 and 45 million euros.
First Half of 2026: Decline in Volumes and Profitability
In the first half of 2026, Aramis Group generated revenue of 1,134.2 million euros, down 6.5% from 1,213.3 million euros in the first half of 2025. The volumes of reconditioned and pre-registered vehicles decreased by 7.3% to 56,444 units, including 43,098 reconditioned (down 8.4%) and 13,346 pre-registered (down 3.4%).
The adjusted EBITDA was set at 23.3 million euros compared to 32.8 million euros a year earlier, reflecting the contraction in volumes. However, the gross margin per vehicle sold shows a slight increase, indicating resilience of unit margins and cost control by the group. Cash generation reached 2.6 million euros for the semester, supported by effective inventory management.
New 2026 Targets: Lowered Volumes and Profitability
Facing an intensification of market deterioration, Aramis Group revises its targets for the fiscal year 2026. The group now anticipates total B2C vehicle volumes of at least 110,000 units, down from at least 115,000 units previously, a reduction of about 4.3%. The adjusted EBITDA is revised to a range of 35 to 45 million euros, from at least 55 million euros before this update.
This revision is due to several factors: the market for used vehicles under 8 years old declined by 4% in the first quarter and by 5% in the second quarter on average across the group's geographies. In France, the trend is more pronounced with a decline of 7% in the first quarter, 9% in the second quarter, and 11% in April. The segment of pre-registered vehicles is experiencing a temporary contraction due to rising fuel prices, which accelerates the shift towards electric vehicles.
Medium-Term Goals Confirmed Despite Revisions
Despite these adjustments, Aramis Group confirms its medium-term objectives: an average annual organic growth in total B2C vehicle volumes at 'high single digit' and an adjusted EBITDA of about 5% of revenue. The group continues its efforts to strengthen operational performance, including discipline on unit margins, cost control, and cash management. The transitions undertaken in the United Kingdom and Austria are yielding positive effects.
