Auto1 presents figures for its first quarter on the stock exchange

The company is benefiting from rising prices and recorded a turnover of almost 900 million euros in the first quarter of 2021.

Auto1 has announced nothing but success stories since the beginning of the year; the company went public in February and is now listed on the SDAX. Auto1 was valued at 11.7 billion euros at the time of its IPO. Now there are figures for the first quarter of 2021: turnover rose to 899.5 million euros from 779.1 million euros in the same quarter of 2020. Auto1 was able to sell more cars and benefited from rising prices for used and new cars.

In its operating business, Auto1 remains in the red due to the investment in its private customer brand Autohero. Adjusted, the company's loss amounted to 14 million euros, compared to 22 million euros in the previous quarter.

The loss is also due to the management's share-based remuneration: shareholders received a net amount of 252.9 million euros after the IPO, compared to only 60.4 million euros in the fourth quarter of 2020.