Ayvens : Q4 in sharp decline, a tad more than expected, the question now revolves around EV residual value
>Q4 in sharp decline, Opex and UCS surprise on the downside - For Q4, Ayvens posted sharply lower earnings vs Q3, under pressure from the following factors: Leasing contract and service margins: negatively impacted by PPA and less positive non-recurrent items (Turkey, Ukraine), as well as the MtoM on derivatives.Used car sales: a negative result of -€ 10m, substantially short of our expectations and the consensus, due to PPA and the rapid downswing in resale...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.
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.
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