Ayvens

AYV

Equity

ISIN FR0013258662 / Valor 37044178

Euronext - Euronext Paris (2024-12-23)

EUR 6.17-2.83%

Ayvens
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About company

ALD SA, a subsidiary of Societe Generale SA, specializes in providing vehicle leasing and fleet management services. The company offers a wide range of services including car rental, maintenance and repair, vehicle leasing, tires management, vehicle replacement, and fuel management. Additionally, ALD provides vehicle insurance, VIP vehicle service, accident management, concierge service, vehicle assistance service, fleet financing, fleet management, and used car sales. With operations in various countries such as Norway, the UK, Australia, Spain, Portugal, Germany, Brazil, Mexico, and Poland, ALD is headquartered in Paris, France.

Summarized from source with an LLMView SourceSector: Finance

Leasing and Services Margins

Ayvens's underlying margins for Leasing and Services increased to 539 basis points (bps) in Q2 2024, up from 522 bps in Q1 2024. However, the overall margins stood at EUR 693 million, a slight decrease of -1.9% compared to Q1 2024. This decline was primarily due to non-recurring items, including the impact of hyperinflation accounting in Turkey, which amounted to EUR -37 million.

Used Car Sales

In Q2 2024, Ayvens's Used Car Sales (UCS) result per unit was EUR 1,480, excluding the impacts of reduction in depreciation costs and Purchase Price Allocation (PPA). This figure shows a gradual decrease from EUR 1,661 in Q1 2024. Including these impacts, the UCS result per unit was EUR 575, which remained stable compared to Q1 2024.

Cost and Risk Metrics

Ayvens reported a cost to income ratio of 61.9% in Q2 2024, an improvement from 67.7% in Q1 2024. The cost of risk also showed a slight improvement, standing at 23 bps compared to 25 bps in Q1 2024. These metrics indicate better cost management and risk control during the quarter.

Net Income and Earnings

Ayvens's net income (group share) for Q2 2024 was EUR 189 million, remaining stable compared to EUR 188 million in Q1 2024. The Return on Tangible Equity (ROTE) was 9.6%, and earnings per share were EUR 0.21, reflecting consistent financial performance.

Capital and Assets

As of the end of June 2024, Ayvens's earning assets increased by 9.5% year-on-year, reaching EUR 53.2 billion. The Common Equity Tier 1 (CET1) ratio stood at 12.5%, indicating a strong capital position. This growth was driven by inflation on car prices and the transition to electric vehicles (EVs), which have a higher value than internal combustion engine (ICE) cars.

Summarized from source with an LLMView Source

Key figures

-3.59%1Y

-43.5%3Y

-47.4%5Y

Performance

41.4%1Y

37.5%3Y

39.2%5Y

Volatility