Q1 2026 AUTO1 Group SE Earnings Call Transcript
Key Points
- AUTO1 Group (ATOGF) achieved a record quarter with 249,000 units sold, marking a 22% year-on-year growth.
- Total gross profit reached a new high of EUR289 million, up 22% year on year.
- Adjusted EBITDA increased to EUR60 million, EUR2 million more than the previous year and EUR15 million more quarter on quarter.
- The Retail segment, Autohero, saw a 48% year-on-year growth in units sold, setting a new quarterly record.
- The company maintained a strong cash position with EUR652 million in total cash and no corporate debt.
- Merchant GPU saw a slight reduction of around 3% compared to Q1 2025, attributed to severe weather impacts.
- The average quarterly basket in the Merchant segment slightly reduced year over year as the company prioritized dealer market share.
- There was a noted increase in impairments on merchant receivables in 2025, although this was addressed as a one-off issue.
- The company anticipates a slight increase in OpEx per unit in Q2 due to seasonal patterns and higher marketing costs.
- The used car market in Europe showed a negative 1.3% trend, which could pose challenges if the trend continues.
Welcome to the AUTO1 Group first-quarter 2026 results presentation. I'm Philip Reicherstorfer, Group Treasurer. I'm joined today as always by Christian Bertermann, our Co-Founder and CEO; as well as Christian Wallentin, our new CFO, on his first full earnings call.
We will start with a presentation, followed by a questions-and-answer session. (Event Instructions) As a quick reminder before we start, our AGM portal will open our IR web page this Friday, May 15, 2026, and you can submit your votes. If you or your governance teams have questions or comments on any agenda points, please feel free to contact Maria or myself.
Before I hand over, I must make you aware of the Safe Harbor provisions at the beginning of the presentation here. These will apply to any forward-looking statements made by management today. And now over to you, Christian.
Hi, everyone. Thank you,
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