Allane Mobility Group Reports Robust Growth in Q1 2024

Allane Mobility Group has reported a significant rise in its consolidated operating revenue in the first quarter of 2024, marking a 32.4% increase to EUR 103.8 million. The company secured a stable position in its group contract portfolio compared to the end of 2023, but observed an 11.5% growth compared to Q1 2023, amounting to 125,100 contracts.

Despite these positive growth indicators in revenue and contracts, the company experienced a downturn in earnings before taxes (EBT), which fell due to extraordinary write-offs for risk provisioning. The reported EBT for the first quarter stood at EUR –4.8 million, a stark contrast to the EUR 4.4 million recorded in the same period last year.

CEO Eckart Klumpp has reiterated confidence in the company’s growth trajectory through the 'FAST LANE 27' strategy, aiming to expand the contract portfolio to up to 150,000 contracts by year-end. Allane also confirmed its full-year forecast, expecting a revenue between EUR 350 million and EUR 400 million and EBT in the high single-digit million-euro range.