Ayvens (AYV) CMD 2026 summary

Strategic vision and market environment

• Integration of ALD & LeasePlan completed, delivering €440 million in annual gross synergies and reducing OpEx from €1.99 billion in 2023 to €1.66 billion in H1 2026 annualized, improving margins by 590 bps.

• Operating lease market remains resilient, with expected 0.4% annual growth driven by a shift from ownership to usership.

• Electrification is accelerating, with BEVs accounting for 32% of 2025 deliveries in Europe and used BEV adoption rising.

• Sustainability embedded, targeting a reduction in CO2 intensity of leased fleet to 75–85g/km by 2029, supporting SBTi-validated CO₂ trajectory.

• Robust risk management with comprehensive oversight and disciplined residual value risk management, especially for BEVs.

Strategic plan 2029: Pillars and growth initiatives

• Three pillars: selective growth and upsell, operational excellence (Excel), and transformation for future mobility.

• Funded fleet to grow >3% and earning assets by ~10% by 2029 vs. Dec 2026; retail funded fleet to grow 15% and LCVs by 10%.

• Retail segment targeted for 15% growth, reaching over 900k vehicles by 2029; LCV segment to grow 10%.

• Upsell strategy includes increasing insurance penetration from 53% to 56% by 2029 and rolling out Ayvens Power charging card in 15 countries.

• Scaling used car lease (Re-lease) to 100k+ vehicles by 2029, with a 13% CAGR.

Operational excellence and technology

• AI-driven productivity gains targeted at 30% for key processes and software development.

• OpEx to steadily decrease, with a 2% reduction in service margin costs and €60 million annual net savings by 2029.

• Harmonization of IT landscape to reduce IT intensity ratio by 3 points to ~12% in 2029.

• AI-powered customer interaction and onboarding models to improve efficiency and customer satisfaction.

• Best practices in procurement, repair, and remarketing to be deployed group-wide, targeting 1-2% improvement in used car selling prices.