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EQS-News: Allane SE / Key word(s): Quarter Results/Quarterly / Interim Statement
Allane Mobility Group grows significantly in the first quarter of 2024
2024-05-10 / 12:02 CET/CEST
The issuer is solely responsible for the content of this announcement.
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.
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.
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

Contact:
Allane Mobility Group
Investor Relations
+49 89 7080 81 610
ir@allane.com

2024-05-10 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.

Archive at www.eqs-news.com  
Language:     English 
Company:      Allane SE 

Dr.-Carl-v.-Linde-Str. 2
82049 Pullach
Germany

Phone:        +49 (0)89 7080 81 610 
E-mail:       ir@allane.com 
Internet:     http://ir.allane-mobility-group.com 
ISIN:         DE000A0DPRE6, DE000A2DADR6, DE000A2LQKV2 
WKN:          A0DPRE 
Listed:       Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, 

Munich, Stuttgart, Tradegate Exchange; Luxembourg Stock Exchange
EQS News ID: 1900535

End of News EQS News Service
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1900535 2024-05-10 CET/CEST

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May 10, 2024 06:02 ET (10:02 GMT)