Ayvens (LTS:0RSP)

€ 6.1925 0.1125 (1.85%) Market Cap: 5.08 Bil Enterprise Value: 39.53 Bil PE Ratio: 11.17 PB Ratio: 0.48 GF Score: 76/100

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Q3 2024 Ayvens SA Earnings Call Transcript

Oct 31, 2024 / 09:00AM GMT

Release Date Price: €6.07 (-1.42%)

Transcript

Tim Albertsen

Ayvens SA - CEO

Good morning, ladies and gentlemen and welcome to this Aans Q3 and nine months, 2024 results conference call.

I'm hosting this call with Patrick. So first I will present the highlights of our Q3 2024. And then as always take comment on our financial results and then we'll take all the questions you may have afterwards. Let's go directly to slide. Five Avis has continued to deliver steadily on its integration road map with robust business and financial performance in a continued contrasted environment starting with the financial performance underlying margin stood at 521 basis points this quarter and 530 basis points over the last nine months of this year.

This level is in line with the group's financial objectives and reflects the measured implement the measures implemented over the last few quarters to restore profitability.

Thanks to our continuous focus on cost control. Our cost income ratio stood at 63.4% in Q3 2024. Confirming the improving trend begun in the previous quarters on the used car sales is reaping the benefits of our best in

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