Ayvens: surrounded after its quarterly results

(CercleFinance.com) - Ayvens has jumped 9%, buoyed by the publication by the mobility services group of net income (group share) of 189 million euros for the second quarter of 2024, roughly stable compared with the previous quarter.


Still on a sequential basis, Ayvens claims in particular an improvement in its cost-to-revenue ratio from 67.7% to 61.9%, as well as in its underlying rental and services margin from 522 to 539 basis points.

These results confirm the financial turnaround initiated at the beginning of the year, with solid revenues, a focus on profitable growth and controlled costs", says CEO Tim Albertsen, who also points to the progress made in integrating LeasePlan.

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