Digital Marketplace Sees Double-Digit Growth Across All Segments
- Auto Trader Group PLC reports increased pretax profit for FY 2023
- Revenue growth across all segments
- Adjusted EBITDA up 14% to GBP570.9 million
- Average revenue per retailer per month up 12% to GBP2,721
- Final dividend increased to 6.4 pence a share
- Positive outlook for FY 2025 growth
Auto Trader Group, a London-listed digital automotive marketplace, reported an increase in pretax profit for the year ended March 31, driven by double-digit revenue growth across all its segments. Pretax profit rose to £345.2 million from £293.6 million the previous year, while adjusted EBITDA increased to £375.3 million from £328 million. Revenue grew 14% to £570.9 million from £500.2 million a year prior, exceeding market consensus of £550.9 million. Average revenue per retailer per month rose by 12%, reaching £2,721. The company attributed this growth to the uptake of additional products and services and a successful annual pricing and product event in April 2023. The board declared a final dividend of 6.4 pence a share, up from 5.6 pence in FY 2023, bringing the total dividend for the year to 9.6 pence a share. For FY 2025, Auto Trader expects further growth in average revenue per retailer across all segments, with an increase of £90-£100 and product growth of £120-£130. Operating profit margins are expected to be between 69% and 71%, excluding digital services tax.
Factuality Level: 8
Factuality Justification: The article provides accurate and objective information about Auto Trader Group’s financial performance, including specific figures and forecasts for the future. It does not contain any irrelevant or sensational details, nor does it include personal opinions or bias. The reporting is clear and concise.
Noise Level: 3
Noise Justification: The article provides relevant financial information about Auto Trader Group’s performance and growth, but lacks in-depth analysis or exploration of the factors behind the growth and potential risks or challenges the company may face.
Public Companies: Auto Trader Group PLC (LON:AUTO)
Key People:
Financial Relevance: Yes
Financial Markets Impacted: Auto Trader Group’s stock market
Financial Rating Justification: The article discusses the company’s financial performance, including its pretax profit, revenue growth, and expectations for future growth. This information is relevant to investors and can impact the company’s stock price in the stock market.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no mention of an extreme event in the article.
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