PowerUP 26 strategic and financial roadmap
Search documents
Ayvens’ net income group share surges 85.9% in Q3 2025
Yahoo Finance· 2025-11-03 14:49
Core Insights - Ayvens reported a net income group share of €273 million ($314.9 million) for Q3 2025, reflecting an 85.9% increase compared to Q3 2024 [1] - The company attributed its strong performance to higher margins, steady used vehicle performance, and reduced operating costs [1] - Gross operating income for Q3 totaled €851 million, marking a 17.6% rise year-on-year [1] - Combined leasing and services margins reached €776 million, up 20.1% from the previous year [1] Financial Performance - Diluted earnings per share increased to €0.30 in Q3 2025, compared to €0.15 in Q3 2024 [2] - Shareholders' equity at the end of June 2025 was €10.7 billion, up from €10.4 billion [2] - The overall fleet was reported at 3.200 million vehicles, a decrease of 3.7% over the past 12 months [2] - Electric vehicles accounted for 37% of new passenger car registrations in Q3 2025, down from 39% in the same period last year and 43% in Q2 2025 [2] Strategic Developments - CEO Tim Albertsen announced a €700 million exceptional distribution to shareholders, emphasizing the company's commitment to creating shareholder value [3] - The execution of the PowerUP 26 strategic and financial roadmap is progressing in line with the company's ambitions, with improvements in profitability and cost efficiency [3] - Mark Stephens stepped down from his position as a board member effective October 30, 2025, following a share sale by the Lincoln consortium [3] Management Changes - Roderick Jorna has been appointed as chief remarketing and asset management officer while retaining his role as chief people officer and executive committee member [4]