Ayvens Q3 2026 Financial results
Robust Q3 2026 in a volatile used-car market, on track to achieve PowerUP 2026 targets.
NET INCOME GROUP SHARE OF EUR 240 MILLION, DOWN 11.9% VS. Q3 2025 RETURN ON TANGIBLE EQUITY (ROTE) AT 13.2% VS. 14.3% IN Q3 2025
Q3 2026 RESULTS (1)
Underlying margins2 at EUR 817 million, up 4.6% vs. Q3 2025, representing 620 bps of average earning assets vs. 593 bps in Q3 2025 Leasing and Services margins at EUR 761 million, down 2.0% vs. Q3 2025
Net Used Car Sales result3 at EUR -21 million vs. EUR 75 million in Q3 2025 Gross UCS result per unit4 at EUR 118 in Q3 2026 and EUR 313 in 9M 2026, in line with guidance
Synergies5 at EUR 116 million, up from EUR 104 million in Q3 2025 9M 2026 synergies at EUR 338 million vs. EUR 251 million in 9M 2025
Cost to income ratio6 at 49.2%, down 3.6 p.p. vs. 52.8% in Q3 2025, in line with guidance
Earning assets7 at EUR 52.8 billion, up 0.3% vs. end September 2025
CET1 ratio at 12.8% as at end September 2026
"Ayvens has delivered a solid quarterly performance in a volatile used-car market environment. Our strong focus on profitable business and cost reductions has helped mitigate the decrease in used-car sales’ result exacerbated by the impact of high oil prices.
The strong positive jaws drove the Group’s cost-to-income ratio down to 49.2% and 51.1% for 9M 2026. ROTE stood at 13.2% and 13.6% for 9M 2026. These strong metrics demonstrate the robustness of our model and the relevance of our strategic actions in this uncertain environment.
Ayvens is well-positioned to successfully achieve its PowerUP 2026 financial targets and ready to launch the execution of its Ayvens 2029 strategic plan."
1The Group results as at 30 September 2026 were examined by the Board of Directors, chaired by Pierre Palmieri on 28 October 2026 2Excluding non-recurring items 3Used car sales result and depreciation adjustments 4Management information 5Management information. Pre-tax gross synergies of which EUR 64 million in revenues from procurement, insurance and remarketing and EUR 52 million in operating expenses (Q3 2025: EUR 66 million in revenues and EUR 39 million in operating expenses) 6Excluding Net UCS result and non-recurring items 7Net carrying amount of the rental fleet plus net receivables from finance leases
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