Latest news with #Ayvens
Yahoo
2 days ago
- Automotive
- Yahoo
Ayvens appoints Philippe de Rovira as new CEO
French fleet managing and operational car leasing company Ayvens has appointed Philippe de Rovira as its new CEO, effective 1 December. He succeeds Tim Albertsen, who has decided to retire on the same date. The decision follows a recommendation from the nomination committee as part of its succession planning process. Albertsen will continue to serve as CEO and a member of the board until his retirement. Ayvens' chairman of the Board of Directors Pierre Palmieri stated: 'Philippe brings with him the experience, commitment and strategic vision which will be key in driving growth and capturing new opportunities for Ayvens. 'I would also like to thank Tim for his leadership and vision, which have led to Ayvens being the global leader it is today.' Rovira brings extensive experience to his new role, having joined PSA Group in 1998 and held various business and finance positions until 2017. His previous roles included leading a division focused on B2B sales, remarketing of used cars, and sales of spare parts. In 2018, he was appointed CFO of PSA Group and became a member of the Global Executive Committee, overseeing the business unit for remarketing of used cars. By 2021, he had advanced to the position of Stellantis' chief affiliates officer, in which he was responsible for financial services, parts and services, and circular economy, among other areas. In 2025, Rovira took on the role of COO for Asia and Middle East/Africa, while also managing Financial Services and Free2move. Ayvens provides full-service leasing, flexible subscription services, fleet management, and multi-mobility solutions to a diverse clientele, including large international corporations, SMEs, professionals, and private individuals. The company employs more than 14,000 people across 42 countries and manages 3.3 million vehicles. Ayvens is majority-owned by Societe Generale Group. "Ayvens appoints Philippe de Rovira as new CEO" was originally created and published by Motor Finance Online, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Fehler beim Abrufen der Daten Melden Sie sich an, um Ihr Portfolio aufzurufen. Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten
Yahoo
01-07-2025
- Automotive
- Yahoo
Is it cheaper to run an electric vehicle or a petrol car?
More people are buying electric vehicles (EVs) than ever before, but the pace of change needs to pick up even further. That's according to the UK's Climate Change Committee (CCC), which advises the government on its net zero emissions targets and said last week that the UK must increase its focus on making electricity cheaper to reduce its reliance on fossil fuels. The number of electric cars on UK roads has nearly doubled in the past two years, and nearly one in five new cars sold in 2024 was electric, the chief executive of the CCC told the BBC last week. But that will only pick up even further when falling prices and the cost of running an EV tumble even further, and consumers switch away from petrol engines because it's cheaper to do so. The CCC said that falling electricity prices are critical to making this happen. So, when will road users be better off if they decide to buy an electric vehicle? We asked a number of experts. Taking a wide range of expenses - such as fuel costs, maintenance, depreciation and tax - into account, some EVs can already be cheaper to run than some petrol and diesel cars in the UK. For example, a typical EV (charged during off-peak hours) can travel 50 miles on £1 of electricity – six times further than £1 of petrol will take you, Matt Walters, an EVs expert at fleet management company Ayvens, told Yahoo News. 'Our 2025 Car Cost Index shows that when you look at the full picture – including everything from fuel and maintenance to depreciation and tax – battery electric vehicles (BEVs) are cheaper to run than petrol and diesel cars in the UK," Walters said. 'For example, the total cost of operation (TCO) for a battery electric vehicle comes in at around £982 per month. That's noticeably lower than a petrol car at £1,112 or a diesel at £1,103. "So, while electric cars have higher upfront prices, many have a lower total cost of ownership than their petrol equivalents, making them the cheaper alternative in the long run.' Manufacturers are driving their prices down, thanks not only to government policy but to an influx of cheaper parts. Figures from BloombergNEF show that battery pack prices have fallen markedly in the past decade - from $806 per kw/hr in 2014 to $115 in 2024. And they are expected to drop even further in the coming years.. 'Since the battery is the most expensive part of an EV, falling prices are a key driver in reducing overall vehicle costs, making electric cars more affordable to buy," Walters explains. 'Manufacturers are also starting to match the prices of petrol and hybrid models, with cars like the new Vauxhall Frontera launching below £20,000.' In fact, the CCC predicts that prices for new EVs and petrol cars will reach parity in around two years. Consumers are increasingly buying second-hand EVs, which are already close to drawing even with their petrol vehicles. Demand is booming, according to the Society of Motor Manufacturers and Traders (SMMT), having risen 58.5% to 65,850 units and a record 3.3% share of all transactions in 2025. Data from car sales site Motorway show that the average prices for EVs and petrol cars sold via the platform (where dealers buy from consumers) are starting to draw very close to each other. 'Used EV prices have continued to soften over recent months. The average sale price for used EVs on our platform has decreased by 10% year on year, from £18,411 in May 2024 to £16,464 in May 2025. This reflects an increase in supply, which, despite strong consumer appetite, is still outpacing demand," Motorway told Yahoo News in a statement. New regulations (Euro 7) will mean all new EVs will have to show battery health, which should mean that people have more confidence in second-hand purchases. "The decline is closing the affordability gap with petrol cars on the second-hand market, making EVs more accessible to a wider range of motorists," Motorway added. "Just a year ago, buyers faced a significant premium to go electric, which posed a serious barrier to adoption. Now, for the majority of consumers who have never bought a brand-new car, their first EV purchase could come from a used-car dealership.' Experts at Webuyanycar believe that electrified cars will make up more than half of new registrations next year. Electrified cars have made steady year-on-year gains, according to Richard Evans, head of technical services at Webuyanycar. "The 2025 and 2026 outlooks signal not just continued electrification, but a maturing market. HEVs [hybrid electric vehicle] and PHEVs [plug-in hybrid electric vehicle] will remain vital stepping stones to all-electric motoring, while petrol and diesel registrations continue to retreat," said Evans. According to Evans, growth across the BEV, PHEV, and HEV segments makes it clear that electric motoring is no longer confined to early adopters. In addition, consumers now benefit from a choice of more than 130 EV models, improved range, better battery technology, and a continuously growing public charger network. "While affordability remains a barrier for some, the arrival of budget-friendly EVs such as the Dacia Spring and Leapmotor 03 (which are approaching price parity with the cheapest ICE cars) could help to unlock the mass market," he says.
Yahoo
26-06-2025
- Automotive
- Yahoo
Why the UK's delay on Euro 6e-bis leaves fleets in the firing line
With the Euro 6e bis emissions standard now in force across Europe as of January 2025, the UK is expected to follow suit in January 2026 - though no formal decision has yet been announced. The headline implication is higher official CO₂ emissions for plug-in hybrid vehicles (PHEVs), which will influence taxation and reshape the market for fleet operators, company car drivers and OEMs. However, if government decision-makers don't officially confirm the pivot to the new standard, it could disrupt several other critical aspects. As drivers, leasing companies and employers wait with bated breath, Matt Walters, Head of Consultancy and Customer Value at Ayvens, offers insight into the technical shifts of the new testing standard – and why the timing of the announcement is a critical element for preparing stakeholders for change. At its core, the new testing regime changes how vehicle CO₂ ratings are calculated, with some PHEV models seeing their figures double - or even triple. This has major implications for tax categorisation. Data from Ayvens' 2025 Tax and Funding Guide illustrates how such steep increases could translate into significant additional costs for businesses and employees alike. Currently, companies can cut their tax bills by nearly half over a typical 48-month lease (2025–2029) by choosing a PHEV over a petrol alternative, thanks to lower emissions ratings. A substantial revision to those figures under the new standard could mean thousands of pounds in additional tax over the same period. Zooming in further, many vehicles that currently qualify as 'leased low-emission cars' -defined as emitting 50g/km of CO₂ or less - may no longer meet the threshold for 100% corporation tax relief. The same risk applies to vehicles leased through salary sacrifice schemes. Today, cars emitting up to 75g/km are taxed as company cars at ultra-low rates. That advantage may soon disappear if those vehicles breach the emissions ceiling. Beyond the main implications, Euro 6e bis introduces some other specific challenges. Companies deducting their leasing costs from taxable profits are subject to a flat 15% restriction on vehicles that emit over 50g/km CO₂. Under the new standards, many leased PHEVs will again cross the threshold, turning what was a fully deductible business expense into something more costly. Additionally, leasing companies face complications regarding capital allowance pools which may affect pricing and leave leasing firms financially exposed. Because the transition in testing standard is yet to be formally confirmed by government, leasing companies are currently quoting vehicles at a particular price point that is reflective of the anticipated tax relief that comes with the leasing of a low-emission vehicle (tax relief over a five-year period, rather than a thirty-year period). On an individual level, there's the risk of unequal treatment among company employees due to the regulatory change. For example, one employee may be using a vehicle they obtained through salary sacrifice under current standards, but if another employee attempted to do so through the scheme under the new standard in a years' time, they may well find the same car to be ineligible for that scheme as it now sits outside the emissions threshold. How can leasing companies mitigate and work around the challenges posed by the impending change to testing standards? If we're to assume that there'll be no movement from the government on the change in testing standards prior to the summer recess (end of July), leasing companies will have no choice but to adapt to the changing landscape. To protect their customers amid the current instability, Ayvens is accounting for these potential changes in their quotes moving forward and is being cautious about extending order banks into January. It's also an opportune moment to develop contingency plans in case of a sudden change in momentum from the government, and maintaining a transparent line of communication with customers is important to avoid any discord and stay clear of becoming financially exposed. Ultimately, the interconnected nature of these tax implications makes adaptation difficult, but until there's legislative clarity and a defined timeline, the industry must work around the issue. "Why the UK's delay on Euro 6e-bis leaves fleets in the firing line" was originally created and published by Motor Finance Online, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. 登入存取你的投資組合
Yahoo
20-05-2025
- Business
- Yahoo
Description of Ayvens share buyback programme
Approved by the combined General Meeting dated 19 May 2025 This description is drawn up in accordance with the provisions of Articles 241-1 and 241-2 I of the General Regulation of the French Financial Markets Authority (Autorité des Marchés Financiers). Date of the General Meeting called to approve the share buyback programme The authorisation for the Company to buy its own shares was approved at the combined General Shareholders' Meeting dated 19 May by objective of the securities held As at 15 May 2025, Ayvens held 626,068 of its own shares, representing 0.08% of its share capital. The allocation of the shares is as follows:Cancellation 0 Allocation to employees and executive officers 484,981Exercise of rights attached to securities 0Liquidity agreement 141,087External growth 0 Implement market practices 0 Purposes of the share buyback programme Ayvens has received authorisations to purchase its own shares, to: a. cancel them, pursuant to the 17th resolution of the combined General Shareholders' Meeting held on 19 May 2025; b. allocate, cover and honour any free shares or employee savings plans and any type of allocation for the benefit of employees or corporate officers of the Company or affiliated companies under the terms and conditions stipulated or permitted by French or foreign law, particularly in the context of participation in the results of the expansion of the Company, the granting of free shares, any employee shareholding plans as well as completing any related transactions to cover the aforementioned employee shareholding plans;c. provide shares upon the exercise of rights attached to securities giving access to the share capital of the Company;d. market making activities under a liquidity contract, signed with an investment services provider, in compliance with the market practices permitted by the AMF ('Autorité des Marchés Financiers');e. retain and later tender as part of the Group's external growth transactions; f. implement any market practice that may become recognised by law or by the amount allocated to the share buyback programme, maximum number and characteristics of the securities, maximum purchase price The resolution approved at the combined General Shareholders' Meeting provides that Ayvens can purchase its ordinary shares for an amount of up to 5% of the share capital at the date of making these purchases, it being specified that the maximum number of shares held after these purchases may not at any time exceed 10% of share capital. As at 15 May 2025, without taking into account the shares already held, a theoretical maximum number of 40,848,021 shares could be purchased. Given the number of securities already held at this date and the possibility to hold an amount of shares representing up to 10% of the share capital, the Company could purchase up to 40,221,953 shares. The maximum purchase price was set at EUR 28.60 per share. The authorisation limits the amount of funds allocated to the programme to EUR 600 of share buyback programme The combined General Shareholders' Meeting dated 19 May 2025 set the duration of the authorisation for the Company to buy and sell its own shares at 18 months from the date of the General Meeting. Fulfilment of prudential requirements The Board of Directors will ensure that the execution of these buybacks will be carried out in accordance with prudential requirements as defined by the regulation and the European Central Bank. About Ayvens Ayvens is a leading global sustainable mobility player committed to making life flow better. We've been improving mobility for decades, providing full-service leasing, flexible subscription services, fleet management and multi-mobility solutions to large international corporates, SMEs, professionals and private individuals. With more than 14,000 employees across 41 countries, 3.2 million vehicles and the world's largest multi-brand EV fleet, we are in a unique position to lead the way to net zero and spearhead the digital transformation of the mobility sector. The company is listed on Compartment A of Euronext Paris (ISIN: FR0013258662; Ticker: AYV). Societe Generale Group is Ayvens majority out more at Press contact Elise Boorée Communications Department Tel: +33 (0)6 25 01 24 16 Attachment 2025 05 20 Share buyback programme descriptionError in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
12-05-2025
- Business
- Yahoo
Information regarding transactions executed within the framework of a share buyback program (outside the liquidity agreement)
Ayvens reports share buyback transactions executed on 7 May 2025 under Article 5 of Regulation (EU) No 596/2014 on Market Abuse Regulation and Article 3(3) of Delegated Regulation (EU) 2016/1052 supplementing Regulation (EU) No 596/2014 through regulatory technical standards concerning the conditions applicable to buyback programs and stabilization measures. The transactions are part of the share buyback program authorized by the combined General Meeting dated 14 May 2024, a description of which is accessible on Ayvens website. The share buyback transactions ended on 7 May 2025. The liquidity contract concluded with BNP Paribas Exane was temporarily suspended throughout the buyback period. Aggregate presentation (per day and market) Purchase of AYVENS SA shares on 07 May 2025 Aggregated view Issuer's name Issuer's identifying code Transaction date Identifying code of financial instrument Total daily volume (in number of shares) Daily weighted average purchase price of shares Market (MIC code) AYVENS SA 969500E7V019H9NP7427 07/05/2025 FR0013258662 29 179 9.03170 XPAR AYVENS SA 969500E7V019H9NP7427 07/05/2025 FR0013258662 17 500 9.02991 DXE AYVENS SA 969500E7V019H9NP7427 07/05/2025 FR0013258662 3 100 9.03364 TQE AYVENS SA 969500E7V019H9NP7427 07/05/2025 FR0013258662 2 600 9.03043 AQE About Ayvens Ayvens is a leading global sustainable mobility player committed to making life flow better. We've been improving mobility for decades, providing full-service leasing, flexible subscription services, fleet management and multi-mobility solutions to large international corporates, SMEs, professionals and private individuals. With more than 14,000 employees across 41 countries, 3.2 million vehicles and the world's largest multi-brand EV fleet, we are in a unique position to lead the way to net zero and spearhead the digital transformation of the mobility sector. The company is listed on Compartment A of Euronext Paris (ISIN: FR0013258662; Ticker: AYV). Societe Generale Group is Ayvens majority out more at Press contact Elise BooréeCommunications DepartmentTel: +33 (0)6 25 01 24 Attachment 2025 05 11 Share buyback PR
