New Risk • 23h
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 0.6% Last year net profit margin: 1.1% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (8.7% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.6% net profit margin). New Risk • May 13
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 5.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • May 13
Investor sentiment deteriorates as stock falls 27% After last week's 27% share price decline to €2.99, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 11x in the Specialty Retail industry in the United Kingdom. Total loss to shareholders of 35% over the past three years. Announcement • Apr 01
Aramis Group Announces Changes in Governance in Europe Aramis Group announced changes to its organization in Europe to accelerate its strategy to converge toward a unified operating system. The Group is establishing two geographic clusters, expanding the responsibilities of two of its recognized leaders, Romain Boscher and Alejandro Garcia-Mella,. The France–Belgium cluster will be led by Romain Boscher, Chief Executive Officer of Aramisauto (France). He is expanding his scope to the Belgian market, where he will support the deployment of the convergence strategy. Matthias Gommeren is confirmed in his role as Chief Executive Officer of Cardoen (Belgium) and will continue to oversee day-to-day operations. Romain Boscher joined Aramisauto (France) in 2016 as Head of the Development of Customer-Facing Activities before taking leadership of French operations. Under Romain Boscher, Aramisauto (France) has become a European benchmark in customer satisfaction and operational excellence. The Spain–Italy cluster will be led by Alejandro Garcia-Mella, Chief Executive Officer of Clicars (Spain). He will support the deployment of the convergence strategy in the Italian market. Having joined the Group in 2010, Alejandro Garcia-Mella played a key role in structuring operations and the supply chain, first in France and then across the Group, before becoming Chief Executive Officer of Clicars in Spain at the end of 2025. Announcement • Dec 24
Aramis Group SAS, Annual General Meeting, Feb 03, 2026 Aramis Group SAS, Annual General Meeting, Feb 03, 2026. Location: 23 avenue aristide briand, arcueil France Reported Earnings • Nov 27
Full year 2025 earnings released Full year 2025 results: Revenue: €2.38b (up 6.3% from FY 2024). Net income: €19.9m (up 296% from FY 2024). Profit margin: 0.8% (up from 0.2% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.9% p.a. on average during the next 2 years, compared to a 3.6% growth forecast for the Specialty Retail industry in the United Kingdom. Valuation Update With 7 Day Price Move • Jul 09
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to €6.36, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 13x in the Specialty Retail industry in the United Kingdom. Total returns to shareholders of 62% over the past three years. Announcement • Mar 04
Aramis Group Appoints Alejandro Garcia Mella as Chief Revenue Officer Aramis Group announced the appointment of Alejandro Garcia Mella as Chief Revenue Officer. In his new role, he will be responsible for supporting the Group’s commercial and marketing initiatives, with three key strategic priorities: Accelerating the growth of vehicle and service sales; Optimizing customer acquisition and retention; Continuously enhancing Aramis Group’s value proposition for its customers. Alejandro will focus on strengthening the sharing of know-how and tools across the Group to converge entities with Aramis Group’s unique Operational System, as outlined during the recent Capital Markets Day in November 2024. Aged 47, Alejandro Garcia Mella brings over 20 years of experience in the automotive and e-commerce industries. He began his career at Renault, where he held several sales and marketing positions before joining Avis Budget France. There, he successively served as Director of Fleet Remarketing and then Head of the Commercial Vehicles Business Unit, where he was responsible for fleet rotation optimization, negotiations with manufacturers, and pricing strategy, all with the clear objective of maximizing revenue and profitability. He joined Aramis Group 15 years ago and has since played a key role in the structuring and expansion of the Group across Europe. He notably contributed to the integration of acquisitions, supporting the rise of Clicars in Spain and facilitating Cardoen’s transformation in Belgium into a model focused on refurbished used cars. Over the past three years, as Chief Marketplace and New Business Models Officer, Alejandro has led several strategic developments, including the design and expansion of internal and external marketplaces, which today represent a unique differentiator for Aramis Group in the used car market. Holding a Master’s degree in Management Sciences from Paris Dauphine University and a degree in International Business and Management from Henley Business School, Alejandro combines strategic expertise with a strong operational vision. Announcement • Feb 07
Aramis Group Announces Director Appointments Following the Combined General Meeting held on February 4, 2025, Aramis Group announces changes to its governance with the appointment of Sonia Barrière as new independent director and James Weston as a new director representing Stellantis. Their mandates take effect immediately and will continue until the Annual General Meeting of shareholders that will approve the financial statements for the fiscal year ending September 30, 2027. A graduate of the École Nationale des Ponts et Chaussées, Sonia Barrière, 50, brings substantial experience from sectors undergoing significant digital transformation. She has held senior leadership roles at CNP Assurances, Air France-KLM, Avis, and Carlson Wagonlit Travel (CWT), where she spearheaded transformation initiatives and developed customer-centric strategies. She also served as an independent director at SITA (an international air transport telecommunications company) and chaired the Board of Directors of a subsidiary of CNP Assurances. The appointment of James Weston, a British national, to the Board of Directors of Aramis Group marks a key milestone in the company’s journey as a European leader. His international expertise and deep industry knowledge will further strengthen its leadership in the refurbished used car market. At 48 years old, James Weston brings 27 years of experience in the automotive industry, including 24 years with Stellantis. A graduate in Business Management from Bradford University Management Centre, he currently holds the position of Senior Vice President for Used Vehicles at Stellantis, where he oversees the global used vehicles unit and manages operations outside Europe.James Weston began his career at Stellantis & You UK, the directly owned distribution network of Stellantis, where he held various strategic positions before becoming CEO. In 2023, he was entrusted with developing new ventures in the used vehicle segment for Stellantis. He also sits on the boards of several key Stellantis investments, including AutoAvaliar, Carflip, and Africar Group, and oversees the board of FengChe. The composition of the audit, and nomination and remuneration committees remains unchanged. James Weston joins the CSR committee, and Sonia Barrière takes on the role of its Chair, in line with best governance practices. Announcement • Dec 26
Aramis Group SAS, Annual General Meeting, Feb 04, 2025 Aramis Group SAS, Annual General Meeting, Feb 04, 2025. Location: 23 avenue aristide briand, arcueil France New Risk • Nov 28
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 76% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. This is currently the only risk that has been identified for the company. Reported Earnings • Nov 27
Full year 2024 earnings released Full year 2024 results: Revenue: €2.24b (up 15% from FY 2023). Net income: €5.01m (up €37.3m from FY 2023). Profit margin: 0.2% (up from net loss in FY 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 8.8% p.a. on average during the next 2 years, compared to a 5.1% growth forecast for the Specialty Retail industry in the United Kingdom. Buy Or Sell Opportunity • Aug 06
Now 21% undervalued Over the last 90 days, the stock has risen 26% to €4.50. The fair value is estimated to be €5.68, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has declined by 27%. Revenue is forecast to grow by 12% in a year. Earnings are forecast to grow by 86% in the next year. Breakeven Date Change • Jul 26
Forecast breakeven date moved forward to 2025 The 5 analysts covering Aramis Group SAS previously expected the company to break even in 2026. New consensus forecast suggests losses will reduce by 35% to 2024. The company is expected to make a profit of €2.36m in 2025. Average annual earnings growth of 118% is required to achieve expected profit on schedule. New Risk • May 28
New major risk - Revenue and earnings growth Earnings have declined by 45% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Board Change • May 07
Less than half of directors are independent There are 9 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 9 new directors. No experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Celine Vuillequez is the most experienced director on the board, commencing their role in 2021. Independent Director Patrick Bataillard was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. New Risk • Mar 29
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: €32m Forecast net loss in 2 years: €1.0m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risk Shares are highly illiquid. Minor Risk Currently unprofitable and not forecast to become profitable over next 2 years (€1.0m net loss in 2 years). Breakeven Date Change • Mar 29
No longer forecast to breakeven The 3 analysts covering Aramis Group SAS no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of €9.10m in 2025. New consensus forecast suggests the company will make a loss of €9.12m in 2025. Board Change • Mar 28
Less than half of directors are independent There are 9 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 9 new directors. No experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Celine Vuillequez is the most experienced director on the board, commencing their role in 2021. Independent Director Patrick Bataillard was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Announcement • Nov 29
Aramis Group SAS to Report Q1, 2024 Results on Jan 24, 2024 Aramis Group SAS announced that they will report Q1, 2024 results After-Market on Jan 24, 2024 Reported Earnings • Nov 29
Full year 2023 earnings released Full year 2023 results: Revenue: €1.94b (up 9.9% from FY 2022). Net loss: €32.3m (loss narrowed 46% from FY 2022). Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 5.5% growth forecast for the Specialty Retail industry in the United Kingdom. Announcement • Oct 20
Aramis Group SAS, Annual General Meeting, Feb 09, 2024 Aramis Group SAS, Annual General Meeting, Feb 09, 2024. Announcement • Aug 14
Aramis Group SAS to Report First Half, 2023 Results on Aug 23, 2023 Aramis Group SAS announced that they will report first half, 2023 results on Aug 23, 2023 Announcement • Jun 21
Aramis Group SAS to Report Fiscal Year 2023 Results on Nov 28, 2023 Aramis Group SAS announced that they will report fiscal year 2023 results After-Market on Nov 28, 2023 Announcement • May 25
Aramis Group SAS to Report Q3, 2023 Results on Jul 17, 2023 Aramis Group SAS announced that they will report Q3, 2023 results at 5:40 PM, Central European Standard Time on Jul 17, 2023 Reported Earnings • May 25
First half 2023 earnings released First half 2023 results: Revenue: €940.8m (up 7.8% from 1H 2022). Net loss: €12.6m (loss narrowed 38% from 1H 2022). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Specialty Retail industry in the United Kingdom. Breakeven Date Change • May 25 The 5 analysts covering Aramis Group SAS previously expected the company to break even in 2025. New consensus forecast suggests losses will reduce by 53% per year to 2024. The company is expected to make a profit of €8.61m in 2025.
Breakeven Date Change • Apr 15
No longer forecast to breakeven The 5 analysts covering Aramis Group SAS no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of €12.0m in 2025. New consensus forecast suggests the company will make a loss of €9.00m in 2025. Announcement • Jan 21
Aramis Group SAS, Annual General Meeting, Feb 10, 2023 Aramis Group SAS, Annual General Meeting, Feb 10, 2023, at 14:30 Central European Standard Time. Location: 23 avenue Aristide Briand Arcueil Ile-de-France France Breakeven Date Change • Dec 09
No longer forecast to breakeven The 5 analysts covering Aramis Group SAS no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of €270.0k in 2024. New consensus forecast suggests the company will make a loss of €9.00m in 2025. Breakeven Date Change • Dec 03
Forecast breakeven date pushed back to 2025 The 4 analysts covering Aramis Group SAS previously expected the company to break even in 2024. New consensus forecast suggests losses will reduce by 82% per year to 2024. The company is expected to make a profit of €12.0m in 2025. Average annual earnings growth of 114% is required to achieve expected profit on schedule. Announcement • Dec 02
Aramis Group SAS to Report Q1, 2023 Results on Jan 25, 2023 Aramis Group SAS announced that they will report Q1, 2023 results After-Market on Jan 25, 2023 Reported Earnings • May 16
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down €158.0k from profit in 1H 2021). Profit margin: (in line with 1H 2021). Over the next year, revenue is forecast to grow 13%, compared to a 23% growth forecast for the industry in the United Kingdom. Reported Earnings • Dec 10
Full year 2021 earnings: Revenues miss analyst expectations Full year 2021 results: Revenue: €1.26b (up 52% from FY 2020). Net loss: €15.7m (loss widened €14.5m from FY 2020). Revenue missed analyst estimates by 2.5%. Over the next year, revenue is forecast to grow 29%, compared to a 29% growth forecast for the retail industry in the United Kingdom. 
