Strong Q1 2025 financial results for Ayvens, with increase in income and assets.

From GlobeNewswire: 2025-04-30 01:30:00

Ayvens reported strong financial results for Q1 2025, with gross operating income at EUR 819 million, a 3.3% increase from Q1 2024. Leasing and Services margins also increased, reaching EUR 708 million. The company’s net income group share rose to EUR 220 million, a 21.3% increase from Q1 2024. Return on Tangible Equity (ROTE) stood at 11.0%. Earnings per share increased to EUR 0.24.

The growth in earning assets in Q1 2025 was primarily driven by an increase in vehicle value, with assets reaching EUR 53.5 billion, up 1.4% year-on-year. Ayvens’ fleet management contracts saw a decrease to 662 thousand vehicles, while full-service leasing contracts decreased to 2,584 thousand vehicles. Electric vehicle penetration reached 41% of new passenger car registrations in Q1 2025.

Ayvens’ financial structure remains strong, with a CET1 ratio of 13.2% as of March 2025, including the impact of CRR3 implementation. The company issued EUR 1 billion in bonds in Q1 2025 as part of its liquidity management strategy. Moody’s, S&P Global Ratings, and Fitch Ratings have all given Ayvens strong long-term debt credit ratings.

In terms of regulatory capital, Ayvens has seen an increase in its CET 1 ratio, reaching 13.2% as of March 2025. Risk-weighted assets totaled EUR 56.7 billion, with credit risk-weighted assets accounting for 90% of the total. The company’s total capital ratio stood at 17.2% as of March 2025.

The company’s tangible book value per share increased to EUR 9.52, reflecting a strong financial position. The quarterly series for Q1 2025 shows positive growth in leasing margin, services margin, and total operating income. Ayvens continues to focus on sustainable mobility solutions and driving profitability in the coming quarters.



Read more at GlobeNewswire:: Strong Q1 2025 financial results and integration gaining