France · Delayed Price · Currency is EUR Ayvens Earnings Call Transcripts
Fiscal Year 2026
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The group unveiled its 2029 plan, targeting >3% fleet growth, 14%-16% ROTE, and a 49% cost-to-income ratio, driven by selective expansion, digitalization, and AI-enabled efficiency. Shareholder returns will rise with a 50%-60% payout and excess capital returned.
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Q2 2026 saw robust margins and cost discipline offsetting normalization in used car sales, with net income down 8.7% year-over-year but strong capital returns and improved cost-income ratio. BEV penetration rose, fleet size declined, and the company remains on track for 2026 targets.
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Q1 2026 saw strong profitability, with net income up 21% and margins rising despite used car sales normalization. CET1 ratio improved to 13.9%, and integration, ESG, and capital market milestones were achieved. Guidance and pricing scenarios remain unchanged.
Fiscal Year 2025
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2025 saw strong financial performance with net income up 45%, improved margins, and successful integration progress. 2026 guidance focuses on profitability, stable fleet volumes, and continued cost discipline amid used car market normalization and BEV transition.
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Strong Q3 2025 results with 86% net income growth year-over-year, improved margins, and a €700 million capital return. Integration and restructuring are progressing, with stable BEV prices in Europe but challenges in the UK. CET1 ratio stands at 12.8%.
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Q2 2025 saw strong financial results with net income up 39% year-over-year, improved margins, and robust used car sales after depreciation adjustment. Integration and synergy targets are on track, while guidance for 2025 and 2026 is confirmed.
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Strong Q1 2025 results featured 21% net income growth, improved margins, and cost efficiency, with synergies and integration progressing well. Used car sales and EV penetration remained robust, while capital returns await clarity on the U.K. case.
Fiscal Year 2024
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Solid 2024 results featured higher margins, cost reductions, and strong capital, with net income at EUR 684 million and a CET1 ratio of 12.6%. Guidance for 2025 and PowerUP 2026 targets are confirmed, with continued focus on integration, operational leverage, and prudent risk management.
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Q3 2024 saw robust financial and operational performance, with underlying margins in line with targets and €80 million in synergies year-to-date. Used car sales and EV penetration remained strong, while cost discipline improved key ratios. Margin guidance is maintained despite market normalization and selective fleet reductions.
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Q2 2024 saw strong net income, improved margins, and robust capital ratios, with LeasePlan integration delivering significant synergies. EV penetration rose, but order intake slowed as risk management measures were tightened. Funding costs decreased and fleet growth is expected to stabilize.