AAM Group bullish on its financial results

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AAM Group expects income to exceed £19m, profits at £2m
Despite challenging environment, AAM Group says results outstanding
Projected income to exceed £19m
Pre-tax profits of around £2m
EBITDA of £5m
Continuing focus on subscription and mobility businesses

AAM Group says it expects to post a strong set of financial results as its financial year ends.

The group says its commitment to vehicle subscription and mobility businesses has paid off, with projected income figures expected to exceed £19 million, pre-tax profits estimated at around £2 million, and an EBITDA of approximately £5 million.

The business recently reorganised its management team to place Duncan Chumley (pictured above) as CEO of both Mycardirect subscription offering and its leasing broker business Best Car Finder.

Chumley said that in an industry where car subscription companies, backed by investments worth hundreds of millions, were struggling to thrive, AAM Group’s Mycardirect and ONWRD mobility business showed how a well-run operation could be both efficient and profitable underpinned by a team that understood the importance of generating revenue.

The group has developed a five-year plan that we believe is highly achievable and will result in doubling our EBITDA figure to approximately £10 million. Furthermore, our strategic positioning enables us to capitalise on additional business opportunities as some of our competitors exit the sector.

Duncan Chumley, CEO, Mycardirect Tweet

Chumley added that the company’s success could be be attributed to its unwavering commitment to providing exceptional services, innovative solutions, and superior customer experiences.