(AOF) – Ayvens (+10.49% to 7.05 euros) posts one of the strongest increases in the SBF120 and the SRD market after publishing 1st quarter results “in line with expectations”. The former ALD, specialist in long-term vehicle rental, posted an increase of 30.6% year-on-year in the margins of rental contracts and services to 706.6 million euros, as a result of consolidation. of LeasePlan and up 16% compared to the fourth quarter of 2023. Net profit (group share) came to 187.8 million euros, down 40.5% year-on-year.
Productive assets (cars and rental contracts) recorded growth of 12.5% to 52.7 billion euros at the end of March thanks mainly to an increase in car prices.
“In a mixed economic environment, where demand has slowed, we recorded good financial results in the first quarter of 2024 and a clear recovery compared to the previous quarter, despite the weakness of the used battery electric vehicle market” declares the CEO Tim Albertsen. “This promising performance reflects the strength of our business model, as well as our agility and our ability to quickly implement our strategic roadmap.”
© 2024 Agence Option Finance (AOF) – All reproduction rights reserved by AOF. AOF collects its data from the sources it considers the safest. However, the reader remains solely responsible for their interpretation and use of the information made available to them. The reader must therefore hold AOF and its contributors harmless from any claim resulting from this use. Agence Option Finance (AOF) is a brand of the Option Finance group
Did you like this article ? Share it with your friends using the buttons below.
