(CercleFinance.com) – Ayvens (new name of ALD after the acquisition of LeasePlan) drops almost 5% after the publication by the mobility services group of a net result, group share, down 28.9% to 226.2 million euros for the third quarter of 2023.
It notably displays a cost-to-income ratio (excluding results from used car sales) increased to 61.1%, compared to 57% a year previously, as well as a stable margin on rental and service contracts on a comparable basis. .
After this quarterly publication ‘under its expectations and those of the consensus’, and saying itself ‘much more cautious than the consensus’ for 2024, Oddo BHF downgrades its opinion from ‘outperformance’ to ‘neutral’ with a price target reduced from 17 to six euros.
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