Ayvens shares drop after 2029 targets miss expectations
Ayvens shares fell 3.5% after the company posted 2029 targets slightly behind expectations and flagged a slight softening of margins in basis points of earnings assets linked due to electrification. The 2029 return on tangible equity (ROTE) is expected at 14%-16%. Jefferies said targets look more realistic than ambitious and possibly slightly behind the street; shares hit the lowest since April 1.
5% after the French car leasing company published 2029 targets that were slightly below expectations. The company said it sees a slight softening in margins, in basis points of earning assets linked to electrification. It expects return on tangible equity, or ROTE, to be between 14% and 16% in 2029. Jefferies said the targets looked more realistic than ambitious and were possibly slightly behind the street.
Shares in Ayvens touched their lowest level since April 1. 5% YTD.