Ayvens has reported a rise in pre-tax profits as part of its results for the second quarter of 2025.

Tim Albertsen, CEO of Ayvens,

Pre-tax profits increased to €385.6m (£335.6m) for Q2, up 37.8% compared to the same period last year. The rise follows an 18.8% fall to €994.3m (£865.4m) in its full-year 2024 results.

Gross operating income for Q2 reached €855m (£744.2m), up 8.9% compared to Q2 2024 thanks to increased margins and higher used car sales result and depreciation adjustments.

Total fleet stood at 3.211 million units at the end of June 2025, down 4.5% year-on-year and 1.1% compared to the end March 2025. The leasing and mobility giant said this reflected the continued impacts of the portfolio review that was operated throughout 2024, the proactive actions taken to restore profitability and an overall sluggish environment including macro-economic uncertainties and changes in taxation of car leasing in some countries. Ayvens has also taken action to reduce its fleet in the UK and its subscription activity in Germany as part of a restructuring following the portfolio review undertaken in 2024.

Full-service leasing contracts reached 2,563 thousand vehicles as of the end of June 2025, down 4.6% year-on-year and 0.8% vs. end March 2025.

Fleet management contracts reached 648 thousand vehicles as of 30 June 2025, a decrease of 5.6% vs. end June 2024 and 2.2% vs. end March 2025.

EV penetration reached 43% of new passenger car registrations in Q2 2025 vs. 39% in Q2 2024 and 41% in Q1 2025. Ayvens’ BEV8 and PHEV  penetration stood at 30% and 13% respectively in Q2 2025.

Tim Albertsen, CEO of Ayvens, said it was a robust first half, achieved despite a generally subdued economic environment.

“In Europe, new car registrations have yet to return to pre-Covid levels. Against this backdrop, we are successfully reinforcing our capabilities to serve the growing retail market, directly under the Ayvens brand – a key strategic focus for us.”

Ayvens, created from ALD’s acquisition of LeasePlan in May 2023 and rebranded as Ayvens last year, also continues to push ahead with its PowerUp 2026 strategic plan with “discipline and determination”.

Albertsen said integration was progressing well, with migrations completed in 14 of the 21 overlapping countries.

“This is already driving synergies across both revenue and cost lines, and the resulting financial performance confirms we are on the right track.”

With the strategic transformation now well advanced, Albertsen announced last month that he will retire from 1 December 2025, handing the reins to incoming chief executive Philippe de Rovira.

The firm’s Q3 results are due late October.