Ayvens Q1 2025 financial results

“I am happy to share that Ayvens has delivered a strong financial performance across the board for the first quarter of 2025 and has continued on its integration and transformational journey at a high pace.

Integration is progressing according to plans and in line with budget without deviation. Eleven out of twenty-one overlapping countries have migrated and today more than half of the total fleet is managed on a single IT platform in each country. Besides, following the approvals by work councils on the Group’s restructuring plans, Ayvens has now started to implement its target operating model for all corporate functions and IT activities to make our organization leaner, simpler and more efficient. As a result of the outstanding execution completed so far, synergies have accelerated, both on revenues and operating expenses.

As several key milestones have now been reached on our integration roadmap and after the 2024 thorough review of our business portfolio, we are now building-up a sustainable and profitable growth path for the coming quarters through targeted and complementary commercial initiatives with all our clients and partners, showing a commercial momentum that we expect to materialize towards the end of the year.

Lastly, I want to thank warmly all our teams for their high commitment, professionalism and resilience, keeping clients and partners in strong focus. I also want to thank our clients and partners who have been with us all the way. Together, we’re making this journey an outstanding success.”