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2025 FIRST HALF RESULTS : MOBILIZE FINANCIAL SERVICES DELIVERS SOLID GROWTH
Globenewswire· 2025-07-31 18:45
Core Insights - Mobilize Financial Services achieved a 3.8% increase in new financing in the first half of 2025 compared to the same period in 2024, reflecting strong commercial dynamics and growth in vehicle registrations [1][8] - The pre-tax profit rose by 9.7%, indicating the effectiveness of the company's strategy and commitment to sustainable mobility [2][15] - The penetration rate for electric vehicles reached 43.9%, a significant increase of 6.5 points compared to other motorization types [7][9] Commercial Performance - A total of 632,994 contracts were financed in the first half of 2025, showing a slight increase of 0.8% from the previous year [7][10] - The financing activity for used vehicles saw a minor decline of 0.4%, with 153,759 contracts financed [10] - Mobilize Lease&Co financed 120,039 operational leasing contracts, achieving a fleet under management of 655,000 vehicles, a growth of 4% [11] Financial Performance - The Net Banking Income (NBI) reached 1,132 million euros, up 5.3% year-on-year, driven by improved financial margins and increased outstanding loans [13] - Operating costs amounted to 389 million euros, reflecting a stable operating expense ratio of 1.33% relative to Average Productive Assets [14] - The Average Performing Assets (APAs) grew to 58.9 billion euros, a 7.3% increase compared to the same period in 2024 [12] Market Context - The automotive market experienced a slight growth of 0.7%, with Renault Group, Nissan, and Mitsubishi selling 1.19 million vehicles, a 2.3% increase from the first half of 2024 [8] - The overall penetration rate for financing stood at 39.6%, a slight decrease of 0.4 points compared to the previous year [9] Financing Strategy - The company raised 1.3 billion euros in the bond market during the first half of 2025, enhancing the maturity profile of subordinated debt [15] - In the securitization market, 624 million euros in automobile loan-backed securities were placed, with extensions on revolving periods for certain transactions [16] - The savings collection activity reached 30.5 billion euros, representing 49.1% of net assets, highlighting the diversification of financing sources [17][23]
Toyota Motor North America Reports June, Second Quarter 2025 U.S. Sales Results
Prnewswire· 2025-07-01 17:05
Core Insights - Toyota Motor North America (TMNA) reported a strong performance in June 2025, with total U.S. sales of 193,248 vehicles, reflecting a 0.1% increase in volume and an 8.4% increase in daily selling rate (DSR) compared to June 2024 [1][2] - Electrified vehicle sales for June reached 90,426 units, up 6.7% in volume and 15.5% in DSR, accounting for 46.8% of total sales volume [1][8] - For the second quarter of 2025, TMNA's total sales were 666,469 vehicles, marking a 7.2% increase in both volume and DSR compared to the same quarter in 2024 [2][5] Sales Performance - The Toyota division sold 165,174 vehicles in June, up 0.2% in volume and 8.6% in DSR [3][8] - Lexus division reported June sales of 28,074 vehicles, down 0.9% in volume but up 7.3% in DSR [4][8] - For the second quarter, Toyota division sales totaled 570,546 vehicles, up 7.1% in both volume and DSR, while Lexus division sales reached 95,923 vehicles, up 8.1% in both metrics [3][4] Electrified Vehicle Highlights - TMNA offers 32 electrified vehicle options, the highest among automakers, contributing significantly to sales [5][8] - Second quarter electrified vehicle sales totaled 320,817 units, up 29.7% in both volume and DSR, representing 48.1% of total sales volume [2][8] - Notable increases in specific models include the Sienna (up 73.9%), Tacoma (up 48.4%), and Grand Highlander (up 31.3%) for the second quarter [8] Market Position - TMNA maintains the lowest incentives among full-line manufacturers, indicating strong demand for its vehicles [8] - The company is committed to advancing sustainable mobility through its Toyota and Lexus brands, with plans to manufacture automotive batteries in North Carolina starting in 2025 [10]
Aramis Group - 2025 half-year financial report release
Globenewswire· 2025-06-13 15:51
Core Insights - Aramis Group has filed its 2025 half-year financial report with the French Financial Markets Authority, covering the period ended March 31, 2025 [2] - The financial report is accessible on the company's website under the "Investors / Regulated information" section [2] Company Overview - Aramis Group is the European leader in B2C online used car sales, operating in six countries [2] - The company has been a pioneer in vehicle refurbishing and is focused on sustainable mobility as part of the circular economy [2] - Founded in 2001, Aramis Group has over 20 years of market experience, emphasizing customer satisfaction and digital technology [2] - The company generates annual revenues exceeding €2 billion and sells more than 110,000 vehicles B2C annually [2] - Aramis Group attracts nearly 70 million visitors across its digital platforms each year and employs over 2,400 people [2] - The company operates eight industrial-scale refurbishing centers throughout Europe and is listed on Euronext Paris Compartment B [2]
Aramis Group - 2025 first-half results
Globenewswire· 2025-05-19 15:51
Core Insights - Aramis Group reported strong financial performance in the first half of 2025, achieving double-digit revenue growth and a doubling of adjusted EBITDA, confirming its annual targets for the fiscal year [2][5][36] Financial Performance - Total revenues reached €1,213.3 million, reflecting an organic growth of +10.5% compared to the first half of 2024 [5][6] - Adjusted EBITDA increased to €32.8 million, up +102.7% from €16.2 million in the same period last year [5][21] - Net income for the first half of 2025 was €6.4 million, a significant recovery from a loss of €13.3 million in the first half of 2024 [20][41] Sales and Volumes - The company sold nearly 61,000 vehicles to private customers, marking a +10.2% increase in total B2C volumes compared to the first half of 2024 [2][4] - Refurbished car sales accounted for €806.5 million, up +10.3%, while pre-registered car sales reached €271.9 million, up +16.5% [6][10] Customer Satisfaction - Customer satisfaction remains high, with a Net Promoter Score (NPS) of 72, among the best in the industry, supported by an employee NPS of 55 [5][11] Market Position - Aramis Group continues to outperform the used car market, gaining market share in the segment of vehicles under 8 years old by 12 points [11][12] - The company has made significant progress in its strategic plan, including the unification of brand platforms across all geographies [2][5] Cash Flow and Debt Management - Cash generation for the first half of 2025 was €23.7 million, aided by improved operating working capital, which decreased to 24 days from 27 days year-over-year [5][25] - Net debt was reduced to €47.4 million from €61.0 million at the end of September 2024 [5][27] Geographic Performance - Revenue growth varied by country, with Belgium showing a notable increase of +18.9% and the United Kingdom at +19.0%, while Austria experienced a decline of -5.2% [7][15][16]
DLL and Iveco Group join forces to provide low- to zero-emission vehicles through long-term rental solutions
Globenewswire· 2025-05-13 15:45
Core Insights - DLL and Iveco Group are forming a Joint Venture (JV) to enhance access to low- to zero-emission commercial vehicles in Europe [1][2] - DLL will acquire a 51% stake in GATE, a subsidiary of Iveco Group, while Iveco Group retains 49% [2] - The JV aims to provide financial backing and asset financing expertise to accelerate GATE's growth and development [2][3] Company Overview - DLL is a global asset finance company with a managed portfolio exceeding EUR 47 billion, operating in over 25 countries [5] - DLL focuses on various industries including Agriculture, Construction, Energy Transition, and Transportation, providing financial solutions throughout the asset life cycle [5] - Iveco Group is a leader in the automotive sector, encompassing brands that specialize in commercial vehicles, powertrain technologies, and mass transit solutions [6][7] Strategic Goals - The JV will facilitate sustainable mobility through rental solutions tailored to customer needs, expanding GATE's operations beyond Italy to France and Germany, with plans for further expansion [3] - DLL's CEO emphasized the commitment to energy transition and decarbonization through partnerships and innovative financing solutions [4] - Iveco Group's President highlighted the collaboration as a significant step towards supporting customers in their energy transition efforts [4]
Mobilize and Autostrade per l’Italia complete their strategic alliance to power sustainable mobility in Italy
Globenewswire· 2025-05-13 06:30
Core Insights - Mobilize and Autostrade per l'Italia have completed their strategic alliance to enhance sustainable mobility in Italy, focusing on the development of fast-charging infrastructure [2][6]. Group 1: Strategic Alliance Details - Mobilize has acquired a significant stake in Free To X, a leader in the high-power charging (HPC) market in Italy, which operates over 110 charging stations powered by renewable energy [2][6]. - The charging stations can deliver up to 400 kW of power and are strategically located approximately every 50 km along the Autostrade per l'Italia motorway network, exceeding European targets [2][6]. - The partnership aims to accelerate the deployment of charging infrastructure beyond highways, addressing current and future customer needs [2][3]. Group 2: Market Impact and Vision - The alliance is expected to advance the European electric vehicle ecosystem by expanding the network of charging stations, facilitating a smoother transition to electric mobility [3]. - Mobilize's partnership with Free To X provides fast-track access to the Italian EV charging market, allowing Renault Group to generate recurring revenues in the evolving automotive value chain [3][6]. Group 3: Environmental and Operational Achievements - Free To X has achieved over 1,000,000 recharges since 2021 and has avoided 29,500 tons of CO2 emissions during the same period [7]. - The charging stations operate on 100% renewable energy, reinforcing the commitment to sustainable mobility [7].
ARAMIS GROUP unveils a new unified brand identity across Europe
Globenewswire· 2025-05-12 15:46
Core Insights - Aramis Group is unifying its brand identity across Europe, reflecting its evolution from a French player to a European leader in the refurbished used car market [2][6] - The new brand identity aims to simplify and strengthen the Group's message, ensuring all brands share a common visual identity and promise [3][4] - The transformation will optimize marketing investments and maximize impact on a European scale [4] Sustainability Commitment - Aramis Group reaffirms its commitment to sustainable mobility by promoting refurbished used vehicles, supporting ecological transition, and reducing the carbon footprint of the automotive sector [5] - The approach aligns with a circular economy model, focusing on reducing waste and optimizing resource use [5] Company Overview - Aramis Group is the European leader in B2C online used car sales, operating in six countries with annual revenues exceeding €2 billion [7] - The Group sells over 110,000 vehicles B2C annually and attracts nearly 70 million visitors to its digital platforms each year [7] - Founded in 2001, Aramis Group employs more than 2,400 people and has eight industrial-scale refurbishing centers across Europe [7]
Gogoro Releases First Quarter 2025 Financial Results
Prnewswire· 2025-05-08 10:00
Core Insights - Gogoro Inc. reported its financial results for Q1 2025, highlighting a focus on operational efficiency and a commitment to profitability milestones [3][4][14] Financial Performance - Total revenue for Q1 2025 was $63.6 million, a decrease of 8.7% year-over-year, and down 4.5% on a constant currency basis [4][7] - Battery swapping service revenue was $34.5 million, an increase of 6.2% year-over-year, while hardware and other sales revenue was $29.1 million, down 21.8% year-over-year [7][8] - Gross margin was 4.9%, down from 6.4% in the same quarter last year, while non-IFRS gross margin improved to 18.2% from 15.1% [5][7] - The net loss for Q1 2025 was $18.6 million, compared to a net loss of $13.1 million in the same quarter last year [10][11] Operational Efficiency - The company has implemented cost optimization initiatives, resulting in a projected savings of approximately $25 million in 2025 compared to 2024 [13] - Operating expenses decreased significantly, contributing to an adjusted EBITDA of $14.3 million, up from $10.2 million in the same quarter last year [11][12] Subscriber Growth - Total subscribers for the battery swapping service reached 644,000, an increase of 8% from 595,000 subscribers year-over-year [8] Future Outlook - Gogoro maintains a revenue forecast for 2025 between $295 million to $315 million, with expectations for profitability in its battery swapping business by 2026 and hardware sales by 2028 [14][13]
Strong Q1 2025 financial results and integration gaining momentum
Globenewswire· 2025-04-30 05:30
Financial Performance - Gross operating income reached EUR 819 million, an increase of 3.3% compared to EUR 793 million in Q1 2024 [1][11] - Net income group share stood at EUR 220 million, up 21.3% from EUR 181 million in Q1 2024 [3][21] - Earnings per share increased to EUR 0.24 from EUR 0.20 in Q1 2024 [3][21] Margins and Costs - Leasing and Services margins reached EUR 708 million, up 2.9% from EUR 689 million in Q1 2024 [1][12] - Cost to income ratio improved to 58.0%, down 9.7 percentage points from 67.7% in Q1 2024 [3][18] - Operating expenses decreased to EUR 473 million from EUR 490 million in Q1 2024 [3][17] Asset and Fleet Management - Earning assets increased by 1.4% year-on-year to EUR 53.5 billion as of 31 March 2025 [3][7] - Total fleet amounted to 3.246 million vehicles, down 3.8% year-on-year [3][8] - Full-service leasing contracts reached 2,584 thousand vehicles, a decrease of 3.9% year-on-year [3][9] Integration and Strategic Initiatives - Integration is progressing as planned, with eleven out of twenty-one overlapping countries migrated to a single IT platform [5] - The company is building a sustainable growth path through targeted commercial initiatives [6] - Synergies increased to EUR 61 million in Q1 2025, up from EUR 20 million in Q1 2024 [2][5] Regulatory Capital and Financial Structure - CET1 ratio stood at 13.2% as of 31 March 2025, reflecting the impact of CRR3 implementation [3][27] - Total balance sheet decreased from EUR 75.1 billion at the end of December 2024 to EUR 73.6 billion at the end of March 2025 [3][22] - Group shareholders' equity totaled EUR 10.6 billion as of 31 March 2025, compared to EUR 10.4 billion at the end of December 2024 [3][22]
VinFast Reports Fourth Quarter and Full Year 2024 Financial Results
Prnewswire· 2025-04-24 15:25
SINGAPORE, April 24, 2025 /PRNewswire/ -- VinFast Auto Ltd. ("VinFast" or the "Company") (Nasdaq: VFS), a pure-play electric vehicle ("EV") manufacturer with the mission of making EVs accessible to everyone, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2024.Impressive Revenue Growth Driven by Strong Vehicle Deliveries VinFast EV deliveries were 53,139 in the fourth quarter of 2024, representing an increase of 143% from the third quarter of 20 ...