Allane SE Adjusts 2024 Earnings Forecast and Delays Reporting

Allane SE has announced a deviation in its earnings forecast for the financial year 2024. The company reported a preliminary group contract portfolio increase to approximately 143,500 contracts by the year-end, up from 125,800 the previous year. Expected consolidated operating revenues are between EUR 455 million and EUR 460 million, compared to EUR 343 million previously. However, the company missed its consolidated EBT forecast due to unscheduled write-downs on leased assets, driven by market declines in used car prices, especially for electric vehicles.

Allane SE anticipates a balance sheet loss for 2024, leading to the decision not to distribute dividends to shareholders. The audit of the annual financial statements has yet to be completed due to complex accounting estimates. Thus, the publication of financial results and the Annual General Meeting originally scheduled for mid-2025 has been postponed.