Half Year 2025 Ayvens SA Earnings Call Transcript
Key Points
- Ayvens (FRA:3AL) posted strong financial results for Q2 2025, continuing positive trends from Q1 despite a subdued environment.
- Net income group share increased by 39% compared to Q2 2024, reaching €271 million.
- The cost-income ratio improved to 57.6%, down by 4.3 percentage points from Q2 2024.
- Integration and synergy efforts are progressing well, with €146 million achieved in H1 2025, aligning with the annual guidance of €350 million.
- Ayvens was included in the STOXX Europe 600 index, increasing visibility and trading volume.
- Used car sales results before depreciation adjustment decreased compared to Q2 2024.
- The overall economic environment in Europe remains subdued, impacting mobility industry dynamics.
- New car deliveries in Europe are down 2% in H1 2025 compared to H1 2024, remaining below pre-COVID levels.
- Total fleet size decreased by 4.5% compared to Q2 2024, reflecting a comprehensive review of the client portfolio.
- Earnings assets slightly decreased, standing at €52.9 billion, down €300 million compared to Q2 2024.
Good morning ladies and gentlemen, and welcome to this Ayvens SA 2025 resources conference call.
As a previous calls, I'm hosting this call with Patrick.
First, I'll present the highlights of the second quarter, and then Patrick will comment on our financial results. We'll then, as always take your questions at the end.
Let's go straight to slide 5 on our financial highlights. Ayvens has posted strong financial results for the second quarter, continuing on the positive trends set in the first quarter, despite an overall subdued environment.
They reflect the disciplined execution of our Power Up 26 strategic plan, with decreasing revenues and constant reduction in operating with increasing revenues and constant reduction in operating expenses.
Martin stood at high level at 550 bits versus 539 bits in Q2'24. Use car sales results after depreciation adjustment per unit stood at â¬972 up 57% compared to Q2'24.
It benefited from a sharp reduction in depreciation adjustments due
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