Robust Q3 2026 in a volatile used-car market, on track to achieve PowerUP 2026 targets
NET INCOME GROUP SHARE OF EUR 240 MILLION, DOWN 11.9% VS. Q3 2025 RETURN ON TANGIBLE EQUITY (ROTE) AT 13.2% VS. 14.3% IN Q3 2025 Underlying margins2 at EUR 817 million, up 4.6% vs. Q3 2025, representing 620 bps of average earning assets vs. 593 bps in Q3 2025 Leasing and Services margins at EUR 761 million, down 2.0% vs. Q3 2025 Net Used Car Sales result3 at EUR -21 million vs. EUR 75 million in Q3 2025 Gross UCS result per unit4 at EUR 118 in Q3 2026 and EUR 313 in 9M 2026, in line with guidance Synergies5 at EUR 116 million, up from EUR 104 million in Q3 2025 9M 2026 synergies at EUR 338 million vs. EUR 251 million in 9M 2025 Cost to income ratio6 at 49.2%, down 3.6 p.p. vs. 52.8% in Q3 2025, in line with guidance Earning assets7 at EUR 52.8 billion, up 0.3% vs. end September 2025 CET1 ratio at 12.8% as at end September 2026 On 29 October 2026, Philippe de Rovira, CEO of Ayvens…