Full Year 2025 Auto Trader Group PLC Earnings Call Transcript
Key Points
- Auto Trader Group PLC (ATDRF) reported a 5% increase in group revenue, with Auto Trader revenue specifically growing by 7%.
- Operating profit grew by 8%, demonstrating strong operating leverage and effective capital policy application.
- The company successfully launched its Co-Driver AI product suite, which has seen strong engagement from both retailers and consumers.
- Auto Trader's platform strategy is robust, with over 1 billion calls to data services, benefiting more than 90% of retailer customers.
- The Deal Builder product saw an 82% increase in customer numbers, significantly boosting the number of deals generated.
- The acceleration in the speed of vehicle sales negatively impacted revenue growth, which could have been higher without this factor.
- Used car prices fell during the year, affecting retailer profitability despite strong consumer demand.
- The digital services tax impacted Auto Trader's operating profit margin, which contracted slightly.
- Revenue from Manufacturer and Agency customers decreased by 8% year-on-year.
- Autorama, a segment of the business, reported an operating loss of GBP 4.3 million, although this was a reduction from the previous year.
Good morning, and welcome to Auto Trader's results for the full year ending the 31st of March 2025. I'm joined by our COO, Catherine; and our CFO, Jamie, who'll both be presenting and joining me for Q&A later on. Overall, we're pleased with the progress that we've made through this financial year. This includes our financial results, although, as expected, they were impacted by the acceleration in speed of sale during the year. Importantly, we've made good progress on the areas that are within our control and plan on doubling down on these in the year ahead.
Firstly, our market position is strong with record levels of buyers and retailers using Auto Trader. Our platform strategy is operating at scale, with more than 1 billion calls to our data services, benefiting over 90% of retailer customers through over 120 technology partners. Secondly, our event in April this year has gone well, where we monetized the first features within our Co-Driver AI product suite. We see good potential for future development in this
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