Report
Geoffroy Michalet

Ayvens : Un T2 correct, en particulier sur la gestion des Opex, un peu d’exceptionnel vient aider en positif

>T2 2024 plutôt bon sur le front des Opex, le reste proche des attentes, la marge un peu aidée par de l’exceptionnel - Au titre de son S1, Ayvens publie des résultats plutôt de bonne facture, avec deux éléments que nous retiendrons.La marge de leasing & service : plutôt en ligne, mais aidée par des éléments non-récurrents pour c. 28 M€ (novation/breakage = fin de certains contrats sur lesquels sont cristallisés les mark-to-market, positifs en l’occurrence). Ces é...
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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