Robust Q3 & 9M 2024 Results Integration on track 

Ayvens has continued to deliver steadily on its integration roadmap, with robust business and financial performance in a contrasted environment.

First, integration has been making good progress in all aspects, notably with the successful execution of IT platform migration in France which took place mid-October 2024. Rebranding has continued to be rolled out, now covering 32 countries out of 42 in total. Rebranding has also concerned the creation of Ayvens Bank, which is an important pillar of our Group funding strategy. Ayvens is reaping the benefits of its best-in-class combined remarketing channels that allow to leverage its most profitable markets to optimize resale volumes and prices, notably on electric vehicles. The ongoing integration of our legacy treasury centres has been accompanied by a strong decrease in Ayvens’ derivatives portfolio which will significantly reduce the volatility of our financial results going forward. Finally, total synergies have further increased this quarter, on track to reach our 2024 objective.

From a financial standpoint, Ayvens has demonstrated a robust performance this quarter again, though negatively impacted by non-recurring items, with superior leasing and services margins, good cost monitoring and solid capital position.

Last but not least, I am happy to share that Ecovadis has awarded Ayvens the Platinum medal which places our Group in the top 1% of companies assessed by Ecovadis over the last 12 months. This clearly illustrates our commitment to be "better with every move" as a leading global sustainable mobility player.

I would like to thank all our staff for their strong commitment to the delivery of our integration roadmap.