Ayvens SA (XPAR:AYV)

Half Year 2026 Ayvens SA Earnings Call Transcript

Jul 30, 2026 / 08:00 AM GMT

Release Date Price: €12 (+3.72%)

Transcript

Key Points

Positve

Margins reached a record high of 609 basis points of earning assets, the highest since the creation of Ayvens SA (WBO:AYV).
Underlying cost-income ratio improved to 50.3%, down 7.4 percentage points year-over-year, reflecting strong cost discipline.
Synergies of EUR112 million were generated in Q2 2026, in line with the full-year guidance of EUR440 million.
Earnings per share grew 8.9% in H1 2026 compared to H1 2025, boosted by share buybacks.
Return on tangible equity (ROTE) remained solid at 13.4% for Q2 2026, supported by exceptional shareholder distributions.

Negative

Net used car sales (UCS) results fell sharply to EUR62 per unit from EUR970 in Q2 2025, driven by normalization and higher depreciation adjustments.
Fleet numbers continued to decline, with funded fleet down by 82,000 units year-over-year.
Depreciation adjustments increased to EUR50 million in Q2 2026 from EUR38 million in Q2 2025, reflecting a more conservative price scenario.
Net income group share decreased by 8.7% year-over-year to EUR248 million in Q2 2026.
Profit before tax dropped 12% year-over-year to EUR340 million, impacted by lower UCS results despite higher margins.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

AYV.PA - Ayvens SA
Half Year 2026 Ayvens SA Earnings Call
Jul 30, 2026 / 08:00AM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, welcome to the events Q2 2026 results conference call.

Today's speaker will be Philippe de Rovirat, CEO and Patrick Sommelet, Deputy CEO and CFO.

I now hand over to Mr. Philippe de Rovirat. Sir, please go ahead.

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Unidentified_2 [2]
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Well, thank you. Good morning, ladies and gentlemen. Welcome to our Avens Q2 2026 Results Conference Call.

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Unidentified_1 [3]
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