AUTO1 Group SE
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AUTO1 Group SE: Autohero secures in-house production capacity of up to 18,500 cars in Belgium
Berlin, August 9, 2022 – AUTO1 Group, Europe's leading digital automotive platform for buying and selling used cars online, announces today the signing of a rent agreement for a production center in Ath, for the purpose of reconditioning used cars for Autohero. Bringing used car production in-house allows Autohero to fully control each step of the process and is an integral part of the group's profitability strategy. The facility in Ath, 50km from Brussels, consists of an available space of 50.000 m². Autohero’s production center will add up to 18,500 cars per year at full capacity. It is closely linked to the majority of AUTO1 purchase branches in Belgium, enabling efficient logistic routes. AUTO1 Group is expecting to create more than 200 new jobs for car specialists across different stages of the production. The stages include quality control, reconditioning, cleaning, as well as capturing photos & videos to ensure excellent car quality. The production center in Ath commences operations in Q4 2022. Having signed the seventh production center agreement for Autohero in less than a year, AUTO1 Group’s total internal production capacity now stands at 132,000 vehicles per year at full capacity. Christian Bertermann, CEO and Co-founder of AUTO1 Group, says: "Following the successful opening of our in-house production centers in four European markets, the signing of our first own production center in Belgium marks another important milestone within our growth and profitability strategy. The production center in Ath allows us to create ideal conditions for Autohero in Belgium, enabling us to offer customers significantly more vehicles of outstanding quality.” About Autohero
Founded in 2012, AUTO1 Group is a multi-brand technology company that is building the best way to buy and sell cars online. Its local European consumer brands like wirkaufendeinauto.de offer consumers the fastest and easiest way to sell their car. Its merchant brand, AUTO1.com, is Europe's largest wholesale platform for car trading professionals. With its retail brand Autohero, AUTO1 Group is using its technology, scale and operational excellence to develop the best consumer experience to buy a car online. AUTO1 Group is operating in over 30 countries and achieved revenues of €4.78 billion in 2021. Following its successful IPO in February 2021, the group's shares are trading on the regulated market (Prime Standard) of the Frankfurt Stock Exchange under the trading symbol AG1 and the ISIN DE000A2LQ884. Since 21 June 2021, AUTO1 is a constituent of the MDAX index of the Deutsche Börse (German Stock Exchange).
For more information please visit www.auto1-group.com
Investor Relations contact Alexander Enge Senior Manager Investor Relations Telefon: +49 (0)30 - 2016 38 213 Email: ir@auto1-group.com
AUTO1 Group SE | Bergmannstrasse 72 | 10961 Berlin | Germany
09.08.2022 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
Language: | English |
Company: | AUTO1 Group SE |
Bergmannstraße 72 | |
10961 Berlin | |
Germany | |
Internet: | https://www.auto1-group.com/de/ |
ISIN: | DE000A2LQ884 |
WKN: | A2LQ88 |
Indices: | SDAX |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Tradegate Exchange |
EQS News ID: | 1415613 |
End of News | DGAP News Service |
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1415613 09.08.2022
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