Revenue at France-based digital auto retailer Aramis Group rose by 3.1% year on year (y-o-y) to €591 million ($695 million) during the three months to June 2025 (Q3 FY2025). Revenue growth stood at 10.5% y-o-y in the previous quarter.
B-to-c sales (sales of refurbished and pre-registered cars to private customers) accounted for 88% of revenue (€523 million) in Q3 FY2025.
“Heterogenous growth across different Group geographies: ‘double-digit’ growth in France and Belgium, driven by pre-registered vehicles; sales decline in Austria and Spain in specific contexts; slowdown in the UK and Italy with priority set on unit profitability,” the company noted in its financial reporting.
Revenue in France rose by 10.8% y-o-y to €264 million in Q3 FY2025, while revenue in Belgium was up 12.2% to €78.1 million.
“This continuous and solid performance [in France], supported by healthy operational foundations in sourcing, refurbishment and sales, confirms the relevance of the Group’s business model. France has accelerated the roll out of its point of sales across the country, and continues to invest in technologies, particularly in Artificial Intelligence, to better serve its customers,” Aramis Group noted.
“Temporary challenges” in Spain and Austria
In contrast, revenue in Spain fell 14.1% y-o-y to €71.2 million during the quarter. Aramis said that “The business continues to be impacted by the October 2024 floods in Spain, which affected our local site in Valencia, the country’s second-largest point of sales and refurbishment center, reducing the volume of cars available for sale until the end of May. The point of sales has been progressively reopened, and the refurbishment site was inaugurated on May 5, 2025, enabling a new dynamic towards the end of the quarter.”
Roberto de Celis, director of digital business and classifieds at Spain-based media company Grupo Vocento — which operates several used-car marketplaces — recently told the AIM Group that rising imports of EVs and hybrid vehicles from China were hurting sales of used cars in Spain, so this may have also weighed on sales at Clicars, Aramis’ subsidiary in Spain.
Austria fared even worse, with revenue plunging 20.2% y-o-y to €45.0 million. Aramis Group commented: “This decrease was expected due to an unfavorable base effect following an exceptional year of growth in 2024 (+49% y-o-y in the third quarter of FY2024), in a context of management transition following the founder’s departure in January 2025.”
In the U.K., revenue rose by 6.3% y-o-y to €126 million in Q3 FY2025. “After two consecutive years of strong growth, Aramis Group decided to prioritize the improvement of unit profitability [in the U.K.], which remains below the Group’s standards,” it said.
In Italy, revenue fell by 11.3% y-o-y to €7.1 million, with Aramis partly attributing this to “operational reorganization of the entity.”
Adjusted EBITDA unchanged y-o-y
Adjusted EBITDA at Aramis was unchanged at €65.0 million ($76.5 million) in Q3 FY2025, pushing the company’s adjusted EBITDA margin down slightly, to 11.0%.
Nicolas Chartier and Guillaume Paoli, co-founders and co-presidents of Aramis Group commented: “In a more challenging market environment than anticipated, we continued our growth with increased revenue and performance above market levels.”
“This resilience demonstrates the robustness of our business model, the commitment of our teams, and our ability to adapt in a temporarily more volatile environment. In the coming months, we will continue to invest in our long-term growth drivers while maintaining our discipline on unit profitability.”
Founded in 2001 and majority-owned by carmaker Stellantis, Aramis operates in six European countries under a variety of brands — France (AramisAuto), Spain (Clicars), the U.K. (CarSupermarket.com), Belgium (Cardoen), Austria (OnlineCars) and Italy (BrumBrum).
In May this year, the company unveiled a “unified brand identity” for its six subsidiaries. Earlier this week, Aramis downgraded its revenue forecast for FY2025 as a whole.
