Strong Q1 2026 financial results, on track to achieve PowerUP 2026 targets
NET INCOME GROUP SHARE OF EUR 266 MILLION, UP 21.2% VS. Q1 2025
RETURN ON TANGIBLE EQUITY (ROTE) AT 13.9% VS. 11.0% IN Q1 2025
EPS1 AT EUR 0.31 UP 29% VS. Q1 2025
Q1 2026 RESULTS [2]
Leasing and Services margins at EUR 757 million, up 6.9% vs. Q1 2025 Underlying margins3 at 587 bps of average earning assets vs. 562 bps in Q1 2025
Net Used Car Sales result4 at EUR 59 million down 46.9% vs. Q1 2025 Gross UCS result per unit5 at EUR 470, in line with 2026 guidance
Synergies6 at EUR 110 million, up from EUR 61 million in Q1 2025, on track to achieve PowerUP 2026 target of EUR 440 million for full year 2026
Cost to income ratio7 at 54.0%, down 4 percentage points vs. 58.0% in Q1 2025
Earning assets8 at EUR 52.5 billion, -1.8% vs. March 2025
CET1 ratio at 13.9% as at end March 2026
Ayvens delivered once again a strong set of financial results with a better mix of revenues, as higher margins offset the anticipated normalization of used car result.
The Group has continued to deliver on its integration roadmap, translating into the continued ramp-up in revenue and cost synergies across the organization. All these actions pave the way towards a more efficient company, focused on customer satisfaction and operational excellence, geared towards sustainable profitability and value creation for all its stakeholders.
With a cost to income ratio at 54.0% and a ROTE at 13.9% in Q1 2026, Ayvens is well positioned to reach its PowerUP 2026 targets.
[1] Diluted Earnings per share, calculated according to IAS 33. Basic EPS for Q1 2026 at EUR 0.32 [2] The Group results as at 31 March 2026 were examined by the Board of Directors, chaired by Pierre Palmieri on 28 April 2026 [3] Excluding non-recurring items [4] Used car sales result and depreciation adjustments [5] Management information [6] Management information. Pre-tax gross synergies of which EUR 65 million in revenues from procurement, insurance and remarketing and EUR 45 million in operating expenses (Q1 2025: EUR 42 million in revenues and EUR 19 million in operating expenses) [7] Excluding Net UCS result and non-recurring items [8] Net carrying amount of the rental fleet plus net receivables from finance leases
.jpg?rev=3509a43cc2a740baa33232e6b83d0cb3&mw=600&io=transform%3Afill%2Cwidth%3A600)
