{
  "id": 17040217,
  "title": "Earnings call transcript: Ayvens Q3 2026 margins rise as used-car pressure bites",
  "url": "https://urgent.news/2026/10/29/earnings-call-transcript-ayvens-q3-2026-margins-rise-as-used-car",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-29T09:46:05.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/transcripts/earnings-call-transcript-ayvens-q3-2026-margins-rise-as-usedcar-pressure-bites-93CH-4982199"
  },
  "original_language": "en",
  "account": "Ayvens reported Q3 2026 earnings showing stronger margins and tighter cost control despite weak used-car markets and inflation in Turkey. Underlying margins rose 4.6% year over year to EUR 817 million, while net income attributable to shareholders fell 12.1% to EUR 240 million. The stock gained 4.55% to $9.20 in pre-market trading. Underlying margin rate increased 27 basis points to 620 basis points, the highest since Ayvens' inception. Gross operating income fell 13.1% to EUR 739 million, and total margins slipped 2% to EUR 761 million due to a EUR 58 million impact from Turkey's hyperinflation. Operating costs dropped 8.1%, and the cost-to-income ratio improved to 49.2% from 52.8% a year earlier. Management remains on track for full-year 2026 targets and expects a better cost-to-income ratio.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}