Ayvens falls on slow fleet growth, UCS outlook below consensus

Ayvens SA

06/02/2026 09:56

** Shares in Ayvens AYV.PA fall 6.2%, set for worst day since April 2025

** Company reports weak fleet growth in Q4 and guiding for gross Used Car Sales (UCS) result per unit below consensus overshadowing pre-tax profit beat

** The Europe-focused full-service leasing and fleet management provider said its total fleet decreased by 0.6% quarter-on-quarter in Q4

** Its quarterly profit before tax of 318.4 million euros  ($375.58 million) was 4% below consensus, as cited by Jefferies and J.P. Morgan

** Ayvens also announced UCS per-unit guidance for 2026 of EUR 200-600 versus the consensus of EUR 692

** J.P. Morgan highlights fleet contraction and the company's lowered UCS per-unit guidance for 2026 as key headwinds

** Both Jefferies and J.P. Morgan say the market remains focused on the weak fleet growth outlook, which is unlikely to offset future declines in residual value pricing

** The stock sits among worst performers on SBF120 Index .SBF120

($1 = 0.8477 euros)

 (Reporting by Clement Martinot)

 ((Clement.Martinot@thomsonreuters.com;))