Report
Geoffroy Michalet

Ayvens : Q3 2024 postview: questions on growth...

>A negative reaction on the stock, which makes sense in our view… - Following the Q3 publication, Ayvens’ share price lost c.1%, an appropriate reaction in our view. Granted, not everything in the publication was negative, and areas for satisfaction can be found, but we see more reasons for disappointment than satisfaction particularly looking at the components of specific lines rather than the consolidated result.The two biggest disappointments in our vi...
Underlying
ALD SA

ALD is a service leasing and vehicle fleet management group with a fleet of more than 1,375,000 vehicles in 41 countries. Under a full-service lease, the client pays the leasing company a regular monthly lease payment to cover financing, depreciation of the vehicle and the cost of various services provided in relation to the use of the vehicle (such as maintenance, replacement car, tyre management, fuel cards and insurance). Fleet management services include the provision of outsourcing contracts to clients under which the vehicle is not owned by Co., but is managed by Co. and for which the client pays fees for the various fleet management services provided.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Geoffroy Michalet

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