AUTO1 Group Reports Double Digit Growth and Its Most Profitable Quarter
Breakthrough Quarter
AUTO1 Group, a leading global automotive platform, has announced double digit growth and its most profitable quarter ever. This remarkable achievement is a testament to the company's strategic initiatives and operational efficiency.
Key Financial Highlights
During the quarter, AUTO1 Group reported:
- Revenue growth of 15% year-over-year
- Adjusted EBITDA of €81 million, up 20% compared to the previous quarter
- Net income of €42 million, the highest quarterly profit in the company's history
Driving Growth and Profitability
AUTO1 Group's growth and profitability were driven by several key factors:
- Expansion into new markets
- Increased online sales and digitization
- Optimized operating costs and improved margins
Management Outlook
"We are extremely pleased with our performance in the past quarter," said CEO Hakan Koc. "Our strategic investments and focus on operational efficiency have enabled us to achieve double digit growth and record profitability. We are confident that we can continue to drive growth and shareholder value going forward."
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