EQS-News: AUTODOC SE
/ Key word(s): IPO
PRESS RELEASE EQS Key word(s): IPO AUTODOC Plans Frankfurt Stock Exchange Listing NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES (INCLUDING ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA), CANADA, AUSTRALIA, SOUTH AFRICA OR JAPAN, OR ANY OTHER JURISDICTION IN WHICH THE PUBLICATION, DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS DOCUMENT.
Berlin, 6 June 2025 - Autodoc SE (the "Company" and, together with its consolidated subsidiaries, "AUTODOC") today announced its intention to list its shares on the regulated market (Prime Standard) of the Frankfurt Stock Exchange. An accompanying private placement to institutional investors in Germany and in certain other countries is expected to comprise shares from existing shareholders which include the Company's founders as well as Apollo Global Management (the "Private Placement"). The planned Private Placement and the first day of trading are expected in the second quarter of 2025, subject to market conditions. #1 Digital Pure-Play Automotive Parts Platform in Europe As a true technology company in automotive aftermarket eCommerce, AUTODOC combines a differentiating set of expertise, encompassing everything from automotive parts and comprehensive cataloguing to streamlined supply chain and logistics, effective digital marketing and sales, cutting-edge web and mobile app development, automated price management, seamless IT integration, robust customer service and experience management, and insightful big data analytics In 2024, the Company offered a range of approximately 6.7 million automotive products from around 2,500 brand manufacturers, including its proprietary brands, serving over 340 vehicle brands with confidence. AUTODOC maintains a leading position in the eCommerce-based European independent automotive aftermarket, with strong growth in its core B2C markets and added potential to take market share from the much larger B2B market. In 2024, Apollo Global Management acquired a minority stake in AUTODOC in an all secondary transaction, marking the first external equity investment into the Company since its foundation in 2008. This investment displayed a strong vote of confidence in AUTODOC's long-term strategy, team, and future growth potential. Highly Attractive Financial Profile with Consistent Track Record of Profitable Growth AUTODOC's financial profile is characterized by a unique combination of high revenue growth, profitability and cash conversion. AUTODOC achieved around €1.6 billion of Sales Revenue in 2024, which represents a CAGR of 17.5% from 2022 until 2024. Adjusted EBITDA amounted to around €151 million, which represents an Adjusted EBITDA margin of around 10%. Furthermore, AUTODOC operates an asset-light model with minimal historical capital expenditures, leading to an around 93% cash conversion in 2024. The Company had a strong start to 2025 and achieved Sales Revenue of around €427 million in Q1 2025, which represents 21% year-on-year (YoY) growth. This growth was supported by strong performance in key markets, with Germany and France achieving double-digit revenue increases of 12.9% and 34.5%, respectively. A significant driver of growth was the continued B2B ramp-up, marking a 174% YoY Sales Revenue growth. The Company also saw significant YoY gains in the number of orders, products sold, and new customers. EBITDA rose by approximately 18.9% to €33.9 million during the same period. The Company's strong financial profile, coupled with its long-term founder vision, has led to an outstanding track record of achieving efficient and sustainable growth, without sacrificing innovation and business expansion. AUTODOC's Entry Into the B2B Market for Automotive Parts AUTODOC initially launched its B2B business, AUTODOC PRO, in France in 2022 and in the Netherlands in 2024. The Company has made these services also available in Austria, Belgium, Germany and Italy and intends to gradually expand to other European markets in 2025 and 2026. AUTODOC intends to roll out this platform incrementally across additional European markets, concurrently improving and expanding its features to drive B2B sales growth. This involves expanding the product portfolio to include adjacent categories like tools and parts for electric cars, while addressing changing customer preferences. In its second full year of operations, AUTODOC PRO showcased remarkable growth. AUTODOC's B2B Sales Revenue increased from around €18 million in 2023 to about €68 million in 2024. By the end of the year, all 106 designated zones in France were fully operational, and existing garage partnerships saw significant expansion, leading to a notable increase in order volume. Overall, the B2B business contributed roughly 4% of AUTODOC's Sales Revenue in 2024. Shared Commitment to a Sustainable Future AUTODOC is committed to responsible leadership and sustainable business practices. The Company's governance structure reflects this commitment, ensuring long-term success guided by high ethical standards and a strong focus on sustainability. AUTODOC takes a forward-looking approach by embedding sustainability into its operations, decision-making processes and business strategy. The Company continuously reviews its governance structure and refines it to ensure compliance with evolving regulations such as the CSRD and European Sustainability Reporting Standards (ESRS). This enables the Company to be prepared for the future and maintain accountability to all its stakeholders. Contemplated Listing as Logical Next Step in AUTODOC's Evolution The Private Placement is expected to consist of an offering of existing shares held by the current shareholders, who intend to create substantial free float and trading liquidity in the shares of the Company. Further, AUTODOC intends to list on the regulated market (Prime Standard) of the Frankfurt Stock Exchange. Each the selling shareholders as well as AUTODOC intend to enter into customary lock-up agreements subject to certain exceptions. The Management Board members will be obliged to build a certain position of shares in the Company. This obligation aims to strengthen the alignment of the Management Board's and shareholders' interests. For current as well as future Management Board members the required number of shares corresponds to 100% of the respective annual gross base salary. Barclays Bank Ireland PLC, Citigroup Global Markets Europe AG, Deutsche Bank Aktiengesellschaft and Jefferies GmbH are acting as Joint Global Coordinators and Joint Bookrunners in connection with the Private Placement and Apollo Capital Solutions Europe B.V., Banco Santander, S.A. and UniCredit Bank GmbH are acting as Joint Bookrunners. About AUTODOC AUTODOC is the leading digital pure-play automotive parts platform in Europe. The Company, which was founded in Berlin in 2008 by Alexej Erdle, Max Wegner and Vitalij Kungel, has developed into one of the most exciting eCommerce companies in Europe in a remarkably short period. Since November 2022, the Company has been operating as the European corporation Autodoc SE. The Management Board consists of Dmitry Zadorozhny (CEO) and Lennart Schmidt (CFO). As of December 31, 2024, AUTODOC's product assortment comprises around 6.7 million SKUs from around 2,500 brand manufacturers as of December 31, 2024, including car parts, truck parts, motorcycle parts, tires, as well as adjacent products such as tools, accessories, oils and liquids and consumables and has significantly increased over time. In 2024, AUTODOC generated Sales Revenue of €1.6 billion (2023: €1.3 billion). AUTODOC has online shops in 27 European countries and employs around 5,000 people in 13 locations: Germany, Belgium, Czech Republic, France, Italy, Kazakhstan, Luxembourg, Moldova, the Netherlands, Poland, Portugal, United Kingdom, and Ukraine.
Contacts Kai Bremer Vice President Treasury and Investor Relations Tel.: +49 30 208476524 Mobile: +49 175 2170089 Email: k.bremer@autodoc.eu Autodoc SE, Kurfürstendamm 22, 10719 Berlin
Stefanie Steiner Director Investor Relations Tel.: +49 30 208476524 Mobile: +49 151 55621476 Email: s.steiner@autodoc.eu Autodoc SE, Kurfürstendamm 22, 10719 Berlin
Tina Rodriguez Director of Communications Tel.: +49 30 208476524 Mobile: +49 160 99051581 Email: t.rodriguez@autodoc.eu Autodoc SE, Kurfürstendamm 22, 10719 Berlin
Elena Lorenz PR & Communications Manager Tel.: +49 30 208476524 Mobile: +49 151 46722435 Email: e.lorenz@autodoc.eu Autodoc SE, Kurfürstendamm 22, 10719 Berlin
Disclaimer/Important Notices: This announcement may not be published, distributed or transmitted in the United States, Canada, Australia, South Africa or Japan. This announcement is not an offer to sell, or a solicitation of an offer to purchase, securities in the United States, Canada, Australia, South Africa or Japan or in any other jurisdiction in which such offer or solicitation is not authorized or to any person to whom it is unlawful to make such offer or solicitation. The securities to which this announcement relates have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States except pursuant to an exemption from, or in an offering not subject to, the registration requirements of the Securities Act. There will be no public offering of the securities in the United States. This announcement constitutes neither an offer to sell nor a solicitation to buy securities. No public offer will be made. An investment decision regarding securities of Autodoc SE (the "Company") should only be made on the basis of the securities prospectus (including any supplements thereto, if any) to be approved by the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht; "BaFin"), which approval should not be understood as an endorsement of the securities offered. The securities prospectus will be published promptly upon approval and will be available free of charge on the Company's website (ir.autodoc.group). In any member state of the European Economic Area or the United Kingdom, this communication is only addressed to and is only directed at qualified investors in such member state or the United Kingdom within the meaning of the Prospectus Regulation EU 2017/1129 (as amended, the "Prospectus Regulation") or the Prospectus Regulation as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018 (the "UK Prospectus Regulation"), respectively, and no person that is not a qualified investor may act or rely on this communication or any of its contents. This communication is being distributed to and is only directed at: (i) persons who are outside the United Kingdom; or (ii) to persons who are "qualified investors" within the meaning of Article 2 of the UK Prospectus Regulation and who are also (a) investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") or (b) high net worth companies, and other persons falling within Articles 49(2)(a) to (d) of the Order (all such persons in (i) and (ii) above together being referred to as "relevant persons"). Any invitation, offer or agreement to subscribe for, purchase or otherwise acquire securities will be engaged in only with relevant persons. Any person who is not a relevant person should not act or rely on this communication or any of its contents. This announcement is an advertisement for the purposes of the Prospectus Regulation and underlying legislation or the UK Prospectus Regulation. It is not a prospectus. The present material contains various statements relating to the future development of AUTODOC and the Company. These statements are based on assumptions and estimates. Although we are convinced that the forward-looking statements are realistic, they are not guarantees of future performance since our assumptions involve risks and uncertainties that could cause actual results to differ materially from those anticipated. Such factors include market fluctuations, the development of world market prices for commodities or spare parts and exchange rates or fundamental changes in the economic environment. The Company does not intend to and does not undertake any obligation to update any forward-looking statements in order to reflect events or developments after the date of this material. This announcement also contains certain financial measures that are not recognized under International Financial Reporting Standards ("IFRS"). These non-IFRS measures are presented because AUTODOC believes that they and similar measures are widely used in the markets in which it operates as a means of evaluating AUTODOC's operating performance and financing structure. They may not be comparable to other similarly titled measures of other companies and are not measurements under IFRS or other generally accepted accounting principles. Each of Barclays Bank Ireland PLC, Citigroup Global Markets Europe AG, Deutsche Bank Aktiengesellschaft, Jefferies GmbH, Apollo Capital Solutions Europe B.V., Banco Santander, S.A. and UniCredit Bank GmbH (together, the "Banks") is acting exclusively for the Company and no one else in connection with the planned Private Placement of shares of the Company and will not be responsible to anyone other than the Company for providing the protections afforded to their respective customers or for providing advice in relation to any offering or any transaction or arrangement referred to herein. Each of the Banks and their respective affiliates expressly disclaim any obligation or undertaking to update, review or revise any forward looking statement contained in this announcement whether as a result of new information, future developments or otherwise. In connection with the planned Private Placement, the Banks and any of their affiliates, acting as investors for their own accounts, may subscribe for or purchase securities of the Company and in that capacity may retain, purchase, sell, offer to sell or otherwise deal for their own accounts in such securities and other securities of the Company or related investments in connection with the planned Private Placement or otherwise. Accordingly, references in the prospectus, once published, to the securities being issued, offered, subscribed, acquired, placed or otherwise dealt in should be read as including any issue or offer to, or subscription, acquisition, placing or dealing by the Banks and any of their affiliates acting as investors for their own accounts. In addition, certain of the Banks or their respective affiliates may enter into financing arrangements (including swaps or contracts for differences) with investors in connection with which such Banks (or their affiliates) may from time to time acquire, hold or dispose of the Company's shares. The Banks do not intend to disclose the extent of any such investment or transactions otherwise than in accordance with any legal or regulatory obligations to do so. None of the Banks or any of their respective representatives accepts any responsibility or liability whatsoever for or makes any representation or warranty, express or implied, as to the truth, accuracy or completeness of the information in this announcement (or whether any information has been omitted from the announcement) or any other information relating to the Company, its subsidiaries or associated companies, whether written, oral or in a visual or electronic form, and howsoever transmitted or made available or for any loss howsoever arising from any use of this announcement or its contents or otherwise arising in connection therewith. The information contained in this release is for background purposes only and does not purport to be full or complete. No reliance may be placed by any person for any purpose on the information contained in this release or its accuracy, fairness or completeness. The expected date of the admission to trading of shares of the Company on the regulated market segment (regulierter Markt) of the Frankfurt Stock Exchange (Frankfurter Wertpapierbörse) with simultaneous admission to the sub-segment of the regulated market with additional post-admission obligations (Prime Standard) of the Frankfurt Stock Exchange (Frankfurter Wertpapierbörse) (together, the "Listing") may be influenced by things such as market conditions. There is no guarantee that Listing will occur and no financial decision should be based on the intentions of the Company in relation to Listing at this stage. Acquiring investments to which this release relates may expose an investor to a significant risk of losing all of the amount invested. Persons considering making such investments should consult an authorized person specializing in advising on such investments. This release does not constitute a recommendation concerning the Private Placement. The value of shares can decrease as well as increase. Potential investors should consult a professional advisor as to the suitability of the Private Placement for the person concerned. 06.06.2025 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group. |
| Language: | English |
| Company: | AUTODOC SE |
| Josef-Orlopp-Straße 55 | |
| 10365 Berlin | |
| Germany | |
| Phone: | +49 30 208478264 |
| E-mail: | info@autodoc.de |
| Internet: | https://www.autodoc.group |
| EQS News ID: | 2151818 |
| IPO vorgesehen / intended to be listed |
| End of News | EQS News Service |
2151818 06.06.2025 CET/CEST
