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Allane Mobility Group Shows Robust Growth in 2024

Allane Mobility Group reported a 38.0% increase in consolidated operating revenue, reaching EUR 332.6 million for the first nine months of 2024. The Group's contract portfolio expanded by 9.2% to 138,500 contracts as of September 30, 2024, compared to the previous year. This growth signals a robust performance amidst a challenging market environment.

Eckart Klumpp, CEO of Allane SE, attributed the success to the company's expanding contract portfolio and the effectiveness of their FAST LANE 27 strategy. However, challenges remain with a decrease in earnings before taxes, from EUR 10.6 million to EUR –31.8 million, primarily due to electric vehicle impairments.

The company projects a contract portfolio within 130,000 to 150,000 contracts by the end of 2024 and aims for consolidated operating revenue between EUR 425 million and EUR 475 million. Despite impairment setbacks, Allane adapts by increasing risk provisioning for electric vehicles.

R. H.

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