Ayvens (AYV) CMD 2026 summary

Strategic vision and integration

• ALD and LeasePlan integration delivered EUR 440 million in annual gross synergies; OpEx fell by EUR 320 million, from EUR 1.99 billion in 2023 to EUR 1.66 billion annualized in H1 2026.

• Integration is largely complete; Ayvens 2029 prioritizes balanced growth, returns, operational excellence and transformation for future opportunities.

• Funded fleet growth of at least 3% and earning-asset growth of ~10% are targeted from December 2026 to 2029.

• Operating lease demand is expected to grow 0.4% annually as customers shift from ownership to usership; funded fleet growth is planned above 1% per year over the next three years.

• Scale spans 40 countries, with annual purchasing of ~600,000 vehicles and 3 million tires; growth is underpinned by risk management and residual-value expertise.

Growth and service expansion

• Retail funded fleet is targeted to grow 15% to over 900,000 vehicles by 2029; expected to outpace ~7% market growth, with margins ~50 bps above corporate.

• LCV fleet is targeted to grow ~10%, from ~530,000 to ~580,000 vehicles by 2029, supported by turnkey offers, uptime services and broader maintenance programs.

• Insurance and damage-cover penetration is targeted to rise from 53% to 56%; Ayvens Power charging is planned for 15 countries, with access to over 1 million European charge points.

• Growth will focus on profitable geographies and segments; UK fleet is expected to decline as lower-margin, complex business is repriced or exited, while existing Eastern European, Asian and Latin American markets expand.

Operational excellence and efficiency

• AI and process simplification target 30% efficiency gains across eight core processes and the software development life cycle.

• IT intensity is targeted to fall 3 points to 12% by 2029 through a modular global mobility platform, harmonized systems and lower application run costs.

• Service-margin costs are targeted to fall 2% by end-2029, generating ~EUR 60 million in annual net savings; remarketing aims to improve average used-car selling prices by 1%–2%.

• AI deployments in customer service began in Belgium and France; AI-powered onboarding and customer interactions aim to reduce time and cost per client while supporting retail growth.