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  11. <title>Ayvens: Integration proceeding well and Q1 2024 financial results in line with plans | Auto Excelsior</title>
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  25. <title>Ayvens: Integration proceeding well and Q1 2024 financial results in line with plans | Auto Excelsior</title>
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  31. <title>Ayvens: Integration proceeding well and Q1 2024 financial results in line with plans</title>
  32. <link>https://autoexcelsior.com/ayvens-integration-proceeding-well-and-q1-2024-financial-results-in-line-with-plans/52336/</link>
  34. <dc:creator><![CDATA[GlobeNewswire]]></dc:creator>
  35. <pubDate>Fri, 03 May 2024 05:30:00 +0000</pubDate>
  36. <category><![CDATA[Brand Post]]></category>
  37. <guid isPermaLink="false">https://autoexcelsior.com/ayvens-integration-proceeding-well-and-q1-2024-financial-results-in-line-with-plans</guid>
  38.  
  39. <description><![CDATA[<div style="margin-bottom:20px;"><img width="655" height="135" src="https://autoexcelsior.com/wp-content/uploads/2024/05/ayvens-integration-proceeding-well-and-q1-2024-financial-results-in-line-with-plans.png" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" fetchpriority="high" srcset="https://autoexcelsior.com/wp-content/uploads/2024/05/ayvens-integration-proceeding-well-and-q1-2024-financial-results-in-line-with-plans.png 655w, https://autoexcelsior.com/wp-content/uploads/2024/05/ayvens-integration-proceeding-well-and-q1-2024-financial-results-in-line-with-plans-300x62.png 300w" sizes="(max-width: 655px) 100vw, 655px" /></div>Q1 2024 RESULTS Leasing contract and Services margins at EUR 706.6 million, up 30.6% vs. Q1 2023, driven by the consolidation of LeasePlan and up 16.0% vs. Q4 20231, on the back of stabilizing underlying margins2, materialization in P&#38;L of synergies with LeasePlan and limited non-recurring items Used car sales (UCS) result per unit at [&#8230;]]]></description>
  40. <content:encoded><![CDATA[<div style="margin-bottom:20px;"><img width="655" height="135" src="https://autoexcelsior.com/wp-content/uploads/2024/05/ayvens-integration-proceeding-well-and-q1-2024-financial-results-in-line-with-plans.png" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" srcset="https://autoexcelsior.com/wp-content/uploads/2024/05/ayvens-integration-proceeding-well-and-q1-2024-financial-results-in-line-with-plans.png 655w, https://autoexcelsior.com/wp-content/uploads/2024/05/ayvens-integration-proceeding-well-and-q1-2024-financial-results-in-line-with-plans-300x62.png 300w" sizes="(max-width: 655px) 100vw, 655px" /></div><p align="justify">Q1 2024 RESULTS </p>
  41. <p align="justify"><strong>Leasing contract and Services margins </strong>at EUR 706.6 million, up 30.6% vs. Q1 2023, driven by the consolidation of LeasePlan and up 16.0% vs. Q4 2023<sup>1</sup>, on the back of stabilizing underlying margins<sup>2</sup>, materialization in P&amp;L of synergies with LeasePlan and limited non-recurring items <br /><strong>Used car sales (UCS) result per unit </strong>at EUR 1,661<sup>3</sup> in Q1 2024 excluding the impacts of reduction in depreciation costs and Purchase Price Allocation (PPA), stable vs. Q4 2023 (EUR 1,706). UCS result per unit at EUR 626 including the impacts of reduction in depreciation costs and PPA <br /><strong>Cost to income ratio<sup>4</sup> </strong>at 67.7%, improving from 68.4% in Q4 2023<br /><strong>Cost of risk<sup>5</sup> </strong>at 25 bps vs. 19 bps in Q4 2023<br /><strong>Net income (group share) </strong>at EUR 187.8 million, up from EUR 28.2m in Q4 2023, which was impacted by various non-recurring items<br /><strong>Return on Tangible Equity (ROTE)<sup>6</sup> </strong>at 9.6% <br /><strong>Earnings per share<sup>7</sup></strong> at EUR 0.20 <br /><strong>Earning assets<sup>8</sup> </strong>up 12.5%<sup>9</sup> vs. end March 2023, underpinned by the sharp increase in vehicle value </p>
  42. <p align="justify"><strong>CET1 ratio </strong>at 12.3% as at end March 2024</p>
  43. <table style="border-collapse: collapse; width:100%; border-collapse:collapse ;">
  44. <tr>
  45. <td> <strong><br /> </strong><strong>On 3 May 2024, Tim Albertsen, CEO of Ayvens, commenting on the Q1 2024 Group results, stated:</strong>   </td>
  46. </tr>
  47. </table>
  48. <p>   </p>
  49. <p align="justify"><em>“I am glad that Ayvens started 2024 on a positive note in several aspects, which puts us in a strong position to achieve our objectives. </em></p>
  50. <p align="justify"><em>First, in a mixed economic environment, where demand slowed, we recorded good Q1 2024 financial results and a clear upturn on the previous quarter, despite the weakening of the BEV<sup>10</sup> used car market. This promising performance reflects the solidity of our business model, as well as our agility and our capacity to swiftly implement our strategic roadmap. </em></p>
  51. <p align="justify"><em>Meanwhile, we recorded synergies from the LeasePlan acquisition for the first time in our income statement this quarter. This demonstrates the power of scale and the high potential for value creation for our stakeholders. Thanks to our unrivalled leadership, not only are we buying and selling more efficiently, but we’re also strengthening our competitive edge. </em></p>
  52. <p align="justify"><em>Finally, the obtention in March, of regulatory approvals to proceed with the merger and streamlining of our operations is a key milestone, allowing us to accelerate the integration and to deliver further synergies. </em></p>
  53. <p align="justify"><em>All this has been achieved thanks to the hard work of our teams, who have demonstrated the utmost team spirit and commitment to this transformational journey.”</em></p>
  54. <p align="justify">PROGRESS ON LEASEPLAN INTEGRATION </p>
  55. <p align="justify"><b>Streamlining the Group’s organization </b></p>
  56. <p align="justify">Ayvens reached a key milestone in its integration journey, with the obtention of the Declaration of No-Objection (DNO) from the European Central Bank and the Dutch National Bank in March 2024. The DNO enables Ayvens to start the merger of legal entities in overlapping countries and to implement the new central and local organization structure and the local IT integration, expected to stretch well into 2025. With the relocation of offices already effective in 5 countries and the new brand now rolled out in 12 countries, Ayvens is laying the foundations for the efficient execution of its roadmap and the generation of costs synergies.</p>
  57. <p align="justify"><b>Rolling out the most powerful remarketing platform </b></p>
  58. <p align="justify">‘Ayvens Carmarket’, which now combines ALD and LeasePlan’s remarketing capabilities in a single state-of-the-art digital application, is the most powerful platform targeting traders and car dealers in Europe. With 93,000 cars sold through the platform in Q1 2024<sup>11</sup>, up from c. 60,000 cars per quarter in 2023, Ayvens Carmarket is instrumental in optimizing and broadening secondary market opportunities. Scale definitely matters in this field: the enhanced catalogue, underpinned by the most innovative functionalities, is one of the largest in Europe, which helped lift the number of bids per vehicle by 31% in Q1 2024, compared to the 2023 monthly average. Thanks to the large geographical footprint, Ayvens exported c. 23,000 vehicles in Q1 2024, thus balancing the trends in each of its core markets.</p>
  59. <p align="justify"><b>Buying more efficiently </b></p>
  60. <p align="justify">Synergies from the LeasePlan acquisition materialized for the first time in Ayvens’ income statement this quarter. While most of the EUR 20 million synergies<sup>12</sup> recorded in Q1 2024 came from procurement, other synergy streams such as insurance also contributed, showcasing the power of scale. Ayvens is on track to achieve EUR 120 million P&amp;L pre-tax synergies over the full year 2024.</p>
  61. <p align="justify">In March 2024, Ayvens and Stellantis signed a framework agreement for the provision of up to 500,000 vehicles across Europe over 3 years. Thanks to this unique and flexible agreement with one of the world’s leading automakers, Ayvens, as #1 global multi-brand and multi-channel car leasing player, ensures more competitive pricing for its clients and enhances its capacity to leverage its new scale and buying power to achieve better value and synergies for all of its stakeholders.</p>
  62. <p> </p>
  63. <p align="justify"><b>Q1 2024 FINANCIAL RESULTS </b></p>
  64. <p align="justify"><b>Asset growth driven by sharp increase in vehicle value </b></p>
  65. <p align="justify">Earning assets increased by 12.5% year-on-year<sup>13</sup> to EUR 52.7 billion as at 31 March 2024. Growth was primarily driven by inflation on car prices and the transition to EV, which have a higher value than ICE cars.</p>
  66. <p align="justify">Ayvens’ total fleet increased by +1.1%<sup>14</sup> vs. end March 2023, at 3,386 thousand. The slower pace compared to 31 December 2023 reflects Ayvens’ strategy to prioritize sustainable profitability over volume growth and to allocate its resources according to its financial targets.</p>
  67. <p align="justify">Fleet management contracts decreased by -3.4% vs. March 2023, to reach 686 thousand vehicles as at 31 March 2024.</p>
  68. <p align="justify">Full-service leasing contracts reached 2,699 thousand vehicles as at end March 2024, up +2.4% year-on-year on a like-for-like basis. Thanks to increased registrations of new cars, the order book continued its normalization from the peak observed at the end of 2022, while remaining at a high level.</p>
  69. <p align="justify">EV penetration reached 36%<sup>15</sup> of new passenger car registrations in Q1 2024 vs. 30% in Q1 2023 and stable vs. the full year 2023. Ayvens’ BEV and PHEV<sup>16</sup> penetration stood at 22% and 14% respectively in Q1 2024.</p>
  70. <p> </p>
  71. <p align="justify"><b>Income statement<sup>17</sup></b></p>
  72. <table style="border-collapse: collapse; width:492.45pt; border-collapse:collapse ;">
  73. <tr>
  74. <td style="width:325.34px;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; "> </td>
  75. <td style="width:79.00px;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; "><strong>Q1 2024</strong></td>
  76. <td style="width:79.00px;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; "><strong>Q1 2023</strong></td>
  77. <td style="width:15.27px;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; "> </td>
  78. <td style="width:79.00px;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; "><strong>Var.</strong></td>
  79. <td style="width:79.00px;;border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; "><strong>Var. %</strong></td>
  80. </tr>
  81. <tr>
  82. <td style="width:325.34px;;border-bottom: solid black 1pt ; border-left: solid black 1pt ; text-align: left ; vertical-align: middle; "><strong>In EUR million</strong></p>
  83. <p><strong> </strong></td>
  84. <td style="width:79.00px;;border-bottom: solid black 1pt ; "> </td>
  85. <td style="width:79.00px;;border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; "><strong> </strong></td>
  86. <td style="width:15.27px;;border-bottom: solid black 1pt ; "> </td>
  87. <td style="width:79.00px;;border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; "><strong>Q1 2024 vs. Q1 2023</strong></td>
  88. <td style="width:79.00px;;border-right: solid black 1pt ; border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; "><strong>Q1 2024 vs. Q1 2023</strong></td>
  89. </tr>
  90. <tr>
  91. <td style="width:325.34px;;border-left: solid black 1pt ; "> </td>
  92. <td style="width:79.00px;"> </td>
  93. <td style="width:79.00px;"> </td>
  94. <td style="width:15.27px;"> </td>
  95. <td style="width:79.00px;"> </td>
  96. <td style="width:79.00px;;border-right: solid black 1pt ; "> </td>
  97. </tr>
  98. <tr>
  99. <td style="width:325.34px;;border-left: solid black 1pt ; text-align: left ; vertical-align: middle; "><strong>Total contracts (&#8216;000)</strong></td>
  100. <td style="width:79.00px;;text-align: right ; vertical-align: middle; "><strong>3,386</strong></td>
  101. <td style="width:79.00px;;text-align: right ; vertical-align: middle; "><strong>1,815</strong></td>
  102. <td style="width:15.27px;"> </td>
  103. <td style="width:79.00px;;text-align: right ; vertical-align: middle; "><strong>1,571</strong></td>
  104. <td style="width:79.00px;;border-right: solid black 1pt ; text-align: right ; vertical-align: middle; "><strong>86.5%</strong></td>
  105. </tr>
  106. <tr>
  107. <td style="width:325.34px;;vertical-align: middle; text-align: left; padding-left: 30.0px; border-left: solid black 1pt ; text-align: left ; vertical-align: middle; "><em>Full-service leasing contracts</em></td>
  108. <td style="width:79.00px;;text-align: right ; vertical-align: middle; "><em>2,699</em></td>
  109. <td style="width:79.00px;;text-align: right ; vertical-align: middle; "><em>1,473</em></td>
  110. <td style="width:15.27px;"> </td>
  111. <td style="width:79.00px;;text-align: right ; vertical-align: middle; "><em>1,226</em></td>
  112. <td style="width:79.00px;;border-right: solid black 1pt ; text-align: right ; vertical-align: middle; "><em>83.3%</em></td>
  113. </tr>
  114. <tr>
  115. <td style="width:325.34px;;vertical-align: middle; text-align: left; padding-left: 30.0px; border-left: solid black 1pt ; text-align: left ; vertical-align: middle; "><em>Fleet management contracts</em></td>
  116. <td style="width:79.00px;;text-align: right ; vertical-align: middle; "><em>686</em></td>
  117. <td style="width:79.00px;;text-align: right ; vertical-align: middle; "><em>342</em></td>
  118. <td style="width:15.27px;"> </td>
  119. <td style="width:79.00px;;text-align: right ; vertical-align: middle; "><em>344</em></td>
  120. <td style="width:79.00px;;border-right: solid black 1pt ; text-align: right ; vertical-align: middle; "><em>100.7%</em></td>
  121. </tr>
  122. <tr>
  123. <td style="width:325.34px;;border-left: solid black 1pt ; text-align: left ; vertical-align: middle; "><strong><em>In EUR million</em></strong></td>
  124. <td style="width:79.00px;"> </td>
  125. <td style="width:79.00px;"> </td>
  126. <td style="width:15.27px;"> </td>
  127. <td style="width:79.00px;"> </td>
  128. <td style="width:79.00px;;border-right: solid black 1pt ; "> </td>
  129. </tr>
  130. <tr>
  131. <td style="width:325.34px;;border-left: solid black 1pt ; text-align: left ; vertical-align: middle; ">Leasing contract margin</td>
  132. <td style="width:79.00px;;text-align: right ; vertical-align: middle; ">282.4</td>
  133. <td style="width:79.00px;;text-align: right ; vertical-align: middle; ">367.1</td>
  134. <td style="width:15.27px;"> </td>
  135. <td style="width:79.00px;;text-align: right ; vertical-align: middle; ">(84.6)</td>
  136. <td style="width:79.00px;;border-right: solid black 1pt ; text-align: right ; vertical-align: middle; ">-23.1%</td>
  137. </tr>
  138. <tr>
  139. <td style="width:325.34px;;border-bottom: solid black 1pt ; border-left: solid black 1pt ; text-align: left ; vertical-align: middle; ">Services margin</td>
  140. <td style="width:79.00px;;border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">424.2</td>
  141. <td style="width:79.00px;;border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">174.1</td>
  142. <td style="width:15.27px;;border-bottom: solid black 1pt ; "> </td>
  143. <td style="width:79.00px;;border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">250.1 </td>
  144. <td style="width:79.00px;;border-right: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">143.7%</td>
  145. </tr>
  146. <tr>
  147. <td style="width:325.34px;;border-left: solid black 1pt ; text-align: left ; vertical-align: middle; "><strong><em>Leasing contract &amp; Services margins</em></strong></td>
  148. <td style="width:79.00px;;text-align: right ; vertical-align: middle; "><strong><em>706.6 </em></strong></td>
  149. <td style="width:79.00px;;text-align: right ; vertical-align: middle; "><strong><em>541.1</em></strong></td>
  150. <td style="width:15.27px;"> </td>
  151. <td style="width:79.00px;;text-align: right ; vertical-align: middle; "><strong><em>165.5 </em></strong></td>
  152. <td style="width:79.00px;;border-right: solid black 1pt ; text-align: right ; vertical-align: middle; "><strong><em>30.6%</em></strong></td>
  153. </tr>
  154. <tr>
  155. <td style="width:325.34px;;border-bottom: solid black 1pt ; border-left: solid black 1pt ; text-align: left ; vertical-align: middle; ">Used car sales result</td>
  156. <td style="width:79.00px;;border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">95.0</td>
  157. <td style="width:79.00px;;border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">190.5</td>
  158. <td style="width:15.27px;;border-bottom: solid black 1pt ; "> </td>
  159. <td style="width:79.00px;;border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">(95.5)</td>
  160. <td style="width:79.00px;;border-right: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">-50.1%</td>
  161. </tr>
  162. <tr>
  163. <td style="width:325.34px;;border-bottom: solid black 1pt ; border-left: solid black 1pt ; text-align: left ; vertical-align: middle; "><strong>Gross Operating Income</strong></td>
  164. <td style="width:79.00px;;border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; "><strong>801.7</strong></td>
  165. <td style="width:79.00px;;border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; "><strong>731.6</strong></td>
  166. <td style="width:15.27px;;border-bottom: solid black 1pt ; "> </td>
  167. <td style="width:79.00px;;border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; "><strong>70.0 </strong></td>
  168. <td style="width:79.00px;;border-right: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; "><strong>9.6%</strong></td>
  169. </tr>
  170. <tr>
  171. <td style="width:325.34px;;border-left: solid black 1pt ; text-align: left ; vertical-align: middle; ">Total operating expenses</td>
  172. <td style="width:79.00px;;text-align: right ; vertical-align: middle; ">(489.6)</td>
  173. <td style="width:79.00px;;text-align: right ; vertical-align: middle; ">(260.5)</td>
  174. <td style="width:15.27px;"> </td>
  175. <td style="width:79.00px;;text-align: right ; vertical-align: middle; ">(229.2)</td>
  176. <td style="width:79.00px;;border-right: solid black 1pt ; text-align: right ; vertical-align: middle; ">88.0%</td>
  177. </tr>
  178. <tr>
  179. <td style="width:325.34px;;border-left: solid black 1pt ; text-align: left ; vertical-align: middle; "><em>     Cost / Income ratio excl. UCS<sup>18</sup></em></td>
  180. <td style="width:79.00px;;text-align: right ; vertical-align: middle; "><em>69.3%</em></td>
  181. <td style="width:79.00px;;text-align: right ; vertical-align: middle; "><em>48.1%</em></td>
  182. <td style="width:15.27px;"> </td>
  183. <td style="width:79.00px;"> </td>
  184. <td style="width:79.00px;;border-right: solid black 1pt ; "> </td>
  185. </tr>
  186. <tr>
  187. <td style="width:325.34px;;border-left: solid black 1pt ; text-align: left ; vertical-align: middle; ">Cost of risk<sup>19</sup><sup>)</sup></td>
  188. <td style="width:79.00px;;text-align: right ; vertical-align: middle; ">(33.1)</td>
  189. <td style="width:79.00px;;text-align: right ; vertical-align: middle; "> (8.8)</td>
  190. <td style="width:15.27px;"> </td>
  191. <td style="width:79.00px;;text-align: right ; vertical-align: middle; ">(24.3)</td>
  192. <td style="width:79.00px;;border-right: solid black 1pt ; text-align: right ; vertical-align: middle; ">277.0%</td>
  193. </tr>
  194. <tr>
  195. <td style="width:325.34px;;border-bottom: solid black 1pt ; border-left: solid black 1pt ; text-align: left ; vertical-align: middle; ">Non-recurring income (expenses)</td>
  196. <td style="width:79.00px;;border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">9.0</td>
  197. <td style="width:79.00px;;border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; "> (20.6)</td>
  198. <td style="width:15.27px;;border-bottom: solid black 1pt ; "> </td>
  199. <td style="width:79.00px;;border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">29.6 </td>
  200. <td style="width:79.00px;;border-right: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">-143.7%</td>
  201. </tr>
  202. <tr>
  203. <td style="width:325.34px;;border-bottom: solid black 1pt ; border-left: solid black 1pt ; text-align: left ; vertical-align: middle; "><strong>Operating result</strong></td>
  204. <td style="width:79.00px;;border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; "><strong>287.9</strong></td>
  205. <td style="width:79.00px;;border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; "><strong>441.7 </strong></td>
  206. <td style="width:15.27px;;border-bottom: solid black 1pt ; "> </td>
  207. <td style="width:79.00px;;border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; "><strong>(153.9)</strong></td>
  208. <td style="width:79.00px;;border-right: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; "><strong>-34.8%</strong></td>
  209. </tr>
  210. <tr>
  211. <td style="width:325.34px;;border-bottom: solid black 1pt ; border-left: solid black 1pt ; text-align: left ; vertical-align: middle; ">Share of profit of associates and jointly controlled entities</td>
  212. <td style="width:79.00px;;border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">1.5</td>
  213. <td style="width:79.00px;;border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">0.8</td>
  214. <td style="width:15.27px;;border-bottom: solid black 1pt ; "> </td>
  215. <td style="width:79.00px;;border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">0.7</td>
  216. <td style="width:79.00px;;border-right: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">89.6%</td>
  217. </tr>
  218. <tr>
  219. <td style="width:325.34px;;border-bottom: solid black 1pt ; border-left: solid black 1pt ; text-align: left ; vertical-align: middle; "><strong>Profit before tax</strong></td>
  220. <td style="width:79.00px;;border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; "><strong>289.4</strong></td>
  221. <td style="width:79.00px;;border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; "><strong>442.6</strong></td>
  222. <td style="width:15.27px;;border-bottom: solid black 1pt ; "> </td>
  223. <td style="width:79.00px;;border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; "><strong>(153.2)</strong></td>
  224. <td style="width:79.00px;;border-right: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; "><strong>-34.6%</strong></td>
  225. </tr>
  226. <tr>
  227. <td style="width:325.34px;;border-left: solid black 1pt ; text-align: left ; vertical-align: middle; ">Income tax expense</td>
  228. <td style="width:79.00px;;text-align: right ; vertical-align: middle; ">(90.5)</td>
  229. <td style="width:79.00px;;text-align: right ; vertical-align: middle; "> (125.6)</td>
  230. <td style="width:15.27px;"> </td>
  231. <td style="width:79.00px;;text-align: right ; vertical-align: middle; ">35.1 </td>
  232. <td style="width:79.00px;;border-right: solid black 1pt ; text-align: right ; vertical-align: middle; ">-27.9%</td>
  233. </tr>
  234. <tr>
  235. <td style="width:325.34px;;border-left: solid black 1pt ; text-align: left ; vertical-align: middle; ">Result from discontinued operations</td>
  236. <td style="width:79.00px;;text-align: right ; vertical-align: middle; ">0.0</td>
  237. <td style="width:79.00px;;text-align: right ; vertical-align: middle; ">0.0</td>
  238. <td style="width:15.27px;"> </td>
  239. <td style="width:79.00px;;text-align: right ; vertical-align: middle; ">0.0 </td>
  240. <td style="width:79.00px;;border-right: solid black 1pt ; "> </td>
  241. </tr>
  242. <tr>
  243. <td style="width:325.34px;;border-bottom: solid black 1pt ; border-left: solid black 1pt ; text-align: left ; vertical-align: middle; ">Non-controlling interests</td>
  244. <td style="width:79.00px;;border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">(11.1)</td>
  245. <td style="width:79.00px;;border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; "> (1.5)</td>
  246. <td style="width:15.27px;;border-bottom: solid black 1pt ; "> </td>
  247. <td style="width:79.00px;;border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">(9.6)</td>
  248. <td style="width:79.00px;;border-right: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">654.2%</td>
  249. </tr>
  250. <tr>
  251. <td style="width:325.34px;;border-bottom: solid black 1pt ; border-left: solid black 1pt ; text-align: left ; vertical-align: middle; "><strong>Net Income group share</strong></td>
  252. <td style="width:79.00px;;border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; "><strong>187.8</strong></td>
  253. <td style="width:79.00px;;border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; "><strong>315.5</strong></td>
  254. <td style="width:15.27px;;border-bottom: solid black 1pt ; "> </td>
  255. <td style="width:79.00px;;border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; "><strong>(127.7)</strong></td>
  256. <td style="width:79.00px;;border-right: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; "><strong>-40.5%</strong></td>
  257. </tr>
  258. </table>
  259. <p align="justify">In a mixed economic environment, Ayvens recorded a clear upturn on the previous quarter, driven by the stabilization of its underlying margins<sup>20</sup> and higher used car sales results. Non-recurring items were more limited in Q1 2024.</p>
  260. <p align="justify"><strong>Leasing contract and Services margins </strong></p>
  261. <p align="justify">Taken together, Leasing contract and Services margins (Total margins) reached EUR 706.6 million in Q1 2024, an increase of +16.0% compared to Q4 2023 and +30.6% compared to Q1 2023 (LeasePlan was not consolidated in Q1 2023).</p>
  262. <p align="justify">Underlying margins increased by +3.7% in euros compared to Q4 2023, supported by the ongoing measures to defend margins and by synergies from the LeasePlan acquisition, mainly procurement and revenues synergies, for EUR 20 million<sup>21</sup>. Underlying margins<sup>22</sup> stabilized at 522 bps of average earning assets, compared to 515 bps in Q4 2023.</p>
  263. <p align="justify">Non-recurring items totalled EUR +23.5 million in Q1 2024, a more limited amount than in previous quarters (EUR -49.5 million in Q4 2023 and EUR +192.9 million in Q1 2023):</p>
  264. <ul>
  265. <li>Fleet revaluation and reduction in depreciation costs of EUR +17.6 million vs. EUR +107.1 million in Q4 2023 and EUR +174.4 million in Q1 2023. The impact is limited in Q1 2024, owing to the normalizing used car market;</li>
  266. <li>Marked to market (MtM) of derivatives for EUR +9.5 million in Q1 2024 vs. EUR -137.4 million in Q4 2023. The positive variation is driven by the increase in interest rates, partially offset by pull to par. The stock of MtM of derivatives was EUR +87 million as at 31 March 2024.</li>
  267. </ul>
  268. <p align="justify">Ayvens holds a book of derivatives whose purpose is to hedge the interest and foreign exchange rates exposure, when the profile of funding cannot be matched with that of the lease contract portfolio. While the Group is economically hedged, there can be accounting mismatches as operating leases do not qualify for hedge accounting under IFRS rules and hence associated derivatives (receiver of floating rates) are fair valued through income statement. MtM of derivatives results from interest rate movements (e.g. as net receiver of floating rate, positive MtM when interest rates rise) and reverses towards the derivative’s maturity (pull to par). The sensitivity of the derivatives portfolio<sup>23</sup> to a +10 / -10 bps parallel shift as at 31 March 2024 was stable compared to 31 December 2023, at EUR +10 million/EUR -10 million in the income statement;</p>
  269. <ul>
  270. <li>Hyperinflation in Turkey was EUR -1.7 million vs. EUR -26.5 million in Q4 2023 and EUR +18.5 million in Q1 2023;</li>
  271. <li>PPA impact was EUR -1.9 million vs. EUR +7.3 million in Q4 2023.</li>
  272. </ul>
  273. <p align="justify"><strong>Used car sales results </strong></p>
  274. <p align="justify">Ayvens’ Q1 2024 UCS result reached EUR +95.0 million, lower than Q1 2023’s exceptionally high level of EUR +190.5 million but better than the Q4 2023 amount (EUR -3.5 million). 152 thousand cars were sold in Q1 2024, stable vs. Q4 2023. Q1 2024 UCS results were driven by:</p>
  275. <ul>
  276. <li>The normalization of the used car market: Ayvens’ UCS result per unit<sup>24</sup> excluding the negative impacts of reduction in depreciation costs and PPA came in at EUR 1,661 per unit in Q1 2024, down vs. EUR 3,102 per unit in Q1 2023 but stable compared to Q4 2023 (EUR 1,706 per unit). The stability vs. the previous quarter actually results from: i) the continued weakness of the BEV used car market, offset by ii) the strong used car sales results on ICE<sup>25</sup> and PHEV;</li>
  277. <li>The negative impact of reduction in depreciation costs in previous quarters: EUR -89.7 million, vs. EUR -42.7 million in Q1 2023 and EUR -191.2 million in Q4 2023;</li>
  278. <li>The PPA amortization at EUR -67.3 million vs. EUR -67.0 million in Q4 2023 (none in Q1 2023).</li>
  279. </ul>
  280. <p align="justify">Including the negative impact of reduction in depreciation costs in previous quarters and of PPA, UCS result per unit was EUR 626 in Q1 2024 vs. EUR 2,535 per unit in Q1 2023 and EUR -24 per unit in Q4 2023.</p>
  281. <p align="justify">As at 31 March 2024, the Group’s stock of reduction in depreciation costs yet to be reversed over the coming years was EUR 529.8 million, of which EUR 241.6 million yet to be reversed by the end of 2024, hence having a negative impact on future UCS results.</p>
  282. <p align="justify">Consequently, Ayvens’ Gross Operating Income (GOI) reached EUR 801.7 million in Q1 2024, up 9.6% vs. Q1 2023 and up by 32.4% vs. Q4 2023, despite the negative impact of reduction in depreciation costs (net of the impact on UCS results) and PPA at EUR -157.0 million on GOI in Q1 2024.</p>
  283. <p align="justify"><strong>Operating expenses</strong></p>
  284. <p align="justify">In Q1 2024, Ayvens’ operating expenses amounted to EUR 489.6 million, up from EUR 260.5 million in the same period last year, due to the consolidation of LeasePlan, but down sequentially (-5.3% vs. Q4 2023).</p>
  285. <p align="justify">Cost to achieve (CTA) accounted for EUR 25.7 million, while rebranding costs were EUR 1.7 million. Excluding these non-recurring items, operating expenses increased by +2.6% vs. Q4 2023 but the Cost/Income ratio excl. UCS result improved to 67.7% (from 68.4% in Q4 2023).</p>
  286. <p align="justify"><strong>Cost of risk </strong></p>
  287. <p align="justify">Impairment charges on receivables came in at EUR 33.1 million in Q1 2024, compared to EUR 24.4 million in Q4 2023 and the exceptionally low Q1 2023 amount of EUR 8.8 million<sup>26</sup>. The cost of risk<sup>27</sup> stood at 25 bps in Q1 2024 (vs. 19 bps in Q4 2023 and 14 bps in Q1 2023). The rise is primarily driven by LeasePlan’s alignment on the Group’s provisioning methodology.</p>
  288. <p align="justify"><strong>Net income </strong></p>
  289. <p align="justify">Non-recurring result came in at EUR +9.0 million in Q1 2024 vs. EUR -20.6 million in Q1 2023, which was related to the impairment of ALD Russia and ALD Belarus and vs. EUR -14.1 million in Q4 2023, which was driven by a goodwill impairment at Fleetpool, the subscription company in Germany.</p>
  290. <p align="justify">Income tax expense came in at EUR 90.5 million, down from EUR 125.6 million in Q1 2023, as a result of lower profit before tax, owing to the normalization of the used car market. The effective tax rate increased to 31.3% from 28.4% in Q1 2023, mainly due to non-deductible expenses related to hyperinflation accounting in Turkey.</p>
  291. <p align="justify">Non-controlling interests were EUR -11.1 million vs. EUR -1.5 million in Q1 2023, due to the consolidation, since 22 May 2023, of LeasePlan, whose AT1 coupon payments to third parties are accounted for as non-controlling interests.</p>
  292. <p align="justify">Ayvens’ net income group share reached EUR 187.8 million in Q1 2024, compared to EUR 28.2 million in Q4 2023, which was primarily impacted by the negative marked-to-market of derivatives. The decrease of 40.5% vs. the exceptionally high base of EUR 315.5 million in Q1 2023 is mainly due to the normalization of the used car market from exceedingly favourable levels.</p>
  293. <p align="justify">Diluted Earnings per share<sup>28</sup> was EUR 0.20 vs. EUR 0.56 in Q1 2023.</p>
  294. <p align="justify">The Return on Tangible Equity (ROTE) came in at 9.6% in Q1 2024 vs. 22.5% in Q1 2023.</p>
  295. <p align="justify">BALANCE SHEET AND REGULATORY CAPITAL </p>
  296. <p align="justify"><b>Financial structure</b></p>
  297. <p align="justify">Group shareholders’ equity<sup>29</sup> totalled EUR 10.3 billion as at 31 March 2024 (vs. EUR 10.1 billion as at 31 December 2023). Net asset value per share<sup>30</sup> (NAV) was EUR 12.59 and net tangible asset value per share (NTAV) was EUR 9.28 as at 31 March 2024, compared to EUR 12.33 and EUR 9.03 respectively as at 31 December 2023.</p>
  298. <p align="justify">Total balance sheet increased from EUR 70.3 billion as at 31 December 2023 to EUR 72.9 billion as at 31 March 2024, mainly on the back of the increase in earning assets and cash balances.</p>
  299. <p align="justify">Earning assets increased to EUR 52.7 billion as at 31 March 2024, from EUR 52.0 billion as at 31 December 2023. The increase was 12.5% year-on-year on a like-for-like basis, underpinned by the continued growth of EV which have a higher value.</p>
  300. <p align="justify">Financial debt<sup>29</sup> stood at EUR 38.6 billion at the end of March 2024 (vs. EUR 37.6 billion at the end of December 2023), while deposits reached EUR 12.8 billion (EUR 11.8 billion at the end of December 2023). 30% of the financial debt consisted of loans from Societe Generale as at end March 2024.</p>
  301. <p align="justify">As part of its active liquidity management strategy, Ayvens continued to diversify its funding by issuing EUR-eq 2.7 billion bonds in Q1 2024, of which a EUR 500 million tranche over 7 years and its first CHF issuance (CHF 220 million over 5 years). The amounts and maturities raised confirm the market’s robust appetite for Ayvens debt instruments.</p>
  302. <p align="justify">Ayvens announced on 2 May 2024 the redemption of LeasePlan’s EUR 500 million Undated Deeply Subordinated Additional Tier 1 Fixed Rate Resettable Callable Capital Securities on 29 May 2024.</p>
  303. <p align="justify">Ayvens has a EUR 4 billion to EUR 5 billion funding programme planned for 2024. This programme is well advanced: including the pre-funding in 2023, c. 65% of the programme are already achieved.</p>
  304. <p align="justify">The combined entity has access to ample short-term liquidity, with cash holdings at Central bank reaching EUR 4.3 billion and an undrawn committed Revolving Credit Facility of EUR 1.75 billion in place.</p>
  305. <p align="justify">Ayvens has strong long-term debt credit ratings from Moody’s (A1), S&amp;P Global Ratings and Fitch Ratings (A-).</p>
  306. <p align="justify"><b>Regulatory capital </b></p>
  307. <p align="justify">Ayvens’ risk-weighted assets (RWA) totalled EUR 59.0 billion as at 31 March 2024 under CRR2/CRD5 rules, with credit risk-weighted assets accounting for 84% of the total. The 2.8% increase compared to 31 December 2023 is mainly explained by fleet growth (EUR +1.0 billion) and the annual update of operational risk on the LeasePlan parameter (EUR +0.4 billion).</p>
  308. <p align="justify">Ayvens had strong Common Equity Tier 1 ratio of 12.3%, i.e. around 310 basis points above the regulatory requirement of 9.21%, and Total Capital ratio of 16.1% as at 31 March 2024 (compared to 12.5% and 16.4% respectively as at 31 December 2023).</p>
  309. <p> </p>
  310. <p align="left">CONFERENCE CALL FOR INVESTORS AND ANALYSTS</p>
  311. <ul>
  312. <li><strong>Date: </strong>3 May, at 10.00 am Paris time – 9.00 am London time</li>
  313. <li><strong>Speakers: </strong>Tim Albertsen, CEO / Patrick Sommelet, Deputy CEO and CFO</li>
  314. </ul>
  315. <p></p>
  316. <p align="justify">CONNECTION DETAILS</p>
  317. <ul>
  318. <li><strong>Webcast:</strong> Click <u>https://edge.media-server.com/mmc/p/fcqgpo3h</u></li>
  319. <li><strong>Conference call: </strong>
  320. <ul type="circle">
  321. <li>FR: +33 1 70 91 87 04</li>
  322. <li>UK: +44 121 281 8004</li>
  323. <li>US: +1 718 705 8796</li>
  324. <li>Access code: 457698</li>
  325. </ul>
  326. </li>
  327. </ul>
  328. <p align="justify">AGENDA</p>
  329. <ul>
  330. <li><strong>14 May 2024:</strong> General assembly of shareholders</li>
  331. <li><strong>31 May 2024:</strong> Dividend detachment</li>
  332. <li><strong>4 June 2024:</strong> Dividend payment</li>
  333. <li><strong>1 August 2024:</strong> Q2 and H1 2024 results</li>
  334. <li><strong>31 October 2024:</strong> Q3 and 9M 2024 results</li>
  335. </ul>
  336. <table style="border-collapse: collapse; width:636; border-collapse:collapse ;">
  337. <tr>
  338. <td colspan="3" style="width:635.80px;;border-bottom: solid black 1pt ; vertical-align: top ; ">
  339. <ul>
  340. <li> </li>
  341. </ul>
  342. </td>
  343. </tr>
  344. <tr>
  345. <td colspan="3" style="width:635.80px;;vertical-align: top ; "><b> About Ayvens </b></td>
  346. </tr>
  347. <tr>
  348. <td style="width:308.07px;;text-align: justify ; vertical-align: middle; vertical-align: top ; ">Ayvens is the 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.</td>
  349. <td style="width:18.94px;;text-align: justify ; vertical-align: middle; vertical-align: top ; "> </td>
  350. <td style="width:308.80px;;text-align: justify ; vertical-align: middle; vertical-align: top ; ">With more than 14,500 employees across 42 countries, 3.4 million <br /> vehicles and the world’s largest multi-brand EV fleet, <br /> we’re leveraging our 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: ALD). Societe Generale Group is Ayvens majority shareholder.</p>
  351. <p>Find out more at <b>ayvens.com</b></td>
  352. </tr>
  353. </table>
  354. <p></p>
  355. <table style="border-collapse: collapse; margin-left:4.8pt; margin-right:4.8pt; width:636; border-collapse:collapse ;">
  356. <tr>
  357. <td colspan="4" style="width:635.80px;;border-bottom: solid black 1pt ; text-align: justify ; vertical-align: middle; vertical-align: top ; "> </td>
  358. </tr>
  359. <tr>
  360. <td colspan="4" style="width:635.80px;;vertical-align: top ; "><b> Press contact </b></td>
  361. </tr>
  362. <tr>
  363. <td style="width:5cm;;text-align: left ; vertical-align: middle; vertical-align: top ; ">Elise Boorée<br /> Communications Department<br /> Tel: +33 (0)6 25 01 24 16<br /> elise.booree@ayvens.com</td>
  364. <td style="width:5cm;;text-align: justify ; vertical-align: middle; vertical-align: top ; "> </td>
  365. <td style="width:198.47px;;text-align: justify ; vertical-align: middle; vertical-align: top ; "> </td>
  366. <td style="width:59.34px;;text-align: justify ; vertical-align: middle; vertical-align: top ; "> </td>
  367. </tr>
  368. </table>
  369. <p align="justify">The information contained in this document (the “Information”) has been prepared by ALD (the “Company”) solely for informational purposes. The Information is proprietary to the Company. This presentation and its content may not be reproduced or distributed or published, directly or indirectly, in whole or in part, to any other person for any purpose without the prior written permission of the Company.</p>
  370. <p align="justify">“Ayvens” refers to the Company and its consolidated entities. </p>
  371. <p align="justify">The Information is not an offer to buy or sell or a solicitation of an offer to buy or sell any security or instrument or to participate in any trading strategy, and does not constitute a recommendation of, or advice regarding investment in, any security or an offer to provide, or solicitation with respect to, any securities-related services of the Company. This presentation is information given in a summary form and does not purport to be complete. It is not intended to be relied upon as advice to investors or potential investors and does not take into account the investment objectives, financial situation or needs of any particular investor. Investors should consult the relevant offering documentation, with or without professional advice when deciding whether an investment is appropriate.</p>
  372. <p align="justify">This document contains forward-looking statements relating to the targets and strategies of the Company. These forward-looking statements are based on a series of assumptions, both general and specific, in particular the application of accounting principles and methods in accordance with IFRS (International Financial Reporting Standards) as adopted in the European Union. These forward-looking statements have also been developed from scenarios based on a number of economic assumptions in the context of a given competitive and regulatory environment. The Company may be unable to:</p>
  373. <ul>
  374. <li>anticipate all the risks, uncertainties or other factors likely to affect its business and to appraise their potential consequences;</li>
  375. <li>evaluate the extent to which the occurrence of a risk or a combination of risks could cause actual results to differ materially from those provided in this document and the related presentation.</li>
  376. </ul>
  377. <p align="justify">Therefore, although the Company believes that these statements are based on reasonable assumptions, these forward-looking statements are subject to various risks and uncertainties, including matters not yet known to it or its management or not currently considered material, and there can be no assurance that anticipated events will occur or that the objectives set out will actually be achieved. Important factors that could cause actual results to differ materially from the results anticipated in the forward-looking statements include, among others, overall trends in general economic activity and in the Company’s markets in particular, regulatory and prudential changes, and the success of the Company’s strategic, operating and financial initiatives. Unless otherwise specified, the sources for the business rankings and market positions are internal.</p>
  378. <p align="justify">Other than as required by applicable law, the Company does not undertake any obligation to update or revise any forward-looking information or statements, opinion, projection, forecast or estimate set forth herein. More detailed information on the potential risks that could affect the Company’s financial results can be found in the 2022 Universal Registration Document filed with the French financial markets authority (Autorité des marchés financiers).</p>
  379. <p align="justify">Investors are advised to take into account factors of uncertainty and risk likely to impact the operations of the Company when considering the information contained in such forward-looking statements. To the maximum extent permitted by law, none of the Company or any of its affiliates, directors, officers, advisors and employees shall bear any liability (in negligence or otherwise) for any direct or indirect loss or damage which may be suffered by any recipient through use or reliance on anything contained in or omitted from this document and the related presentation or any other information or material arising from any use of these presentation materials or their contents or otherwise arising in connection with these materials.</p>
  380. <p align="justify">The estimated unaudited consolidated financial information presented for three-month period ending 31 March 2024 was reviewed by the Board of Directors on 2 May 2024 and has been prepared in accordance with IFRS as adopted in the European Union and applicable at this date. </p>
  381. <p align="justify">By receiving this document and/or attending the presentation, you will be deemed to have represented, warranted and undertaken to have read and understood the above notice and to comply with its contents. </p>
  382. <p align="left"><b>Appendix</b></p>
  383. <p align="justify">CONSOLIDATED INCOME STATEMENT</p>
  384. <table style="border-collapse: collapse; width:592; border-collapse:collapse ;">
  385. <tr>
  386. <td style="width:380.07px;;text-align: left ; vertical-align: middle; "><strong>in EUR million</strong></td>
  387. <td style="width:70.74px;;text-align: right ; vertical-align: middle; vertical-align: bottom ; "><strong>Q1 2024</strong></td>
  388. <td style="width:70.74px;;text-align: right ; vertical-align: middle; vertical-align: bottom ; "><strong>Q1 2023</strong></td>
  389. <td style="width:70.74px;;text-align: right ; vertical-align: middle; vertical-align: bottom ; "><strong>Q Var.</strong></td>
  390. </tr>
  391. <tr>
  392. <td style="width:380.07px;;vertical-align: middle; text-align: left; padding-left: 20.0px; text-align: left ; vertical-align: middle; vertical-align: bottom ; ">Leasing contract revenues</td>
  393. <td style="width:70.74px;;text-align: right ; vertical-align: middle; ">2,659.9</td>
  394. <td style="width:70.74px;;text-align: right ; vertical-align: middle; ">1,256.4</td>
  395. <td style="width:70.74px;;text-align: right ; vertical-align: middle; ">111.7%</td>
  396. </tr>
  397. <tr>
  398. <td style="width:380.07px;;vertical-align: middle; text-align: left; padding-left: 20.0px; text-align: left ; vertical-align: middle; vertical-align: bottom ; ">Leasing Contract Costs &#8211; Depreciation</td>
  399. <td style="width:70.74px;;text-align: right ; vertical-align: middle; "> (2,008.1)</td>
  400. <td style="width:70.74px;;text-align: right ; vertical-align: middle; "> (822.6)</td>
  401. <td style="width:70.74px;;text-align: right ; vertical-align: middle; ">144.1%</td>
  402. </tr>
  403. <tr>
  404. <td style="width:380.07px;;vertical-align: middle; text-align: left; padding-left: 20.0px; text-align: left ; vertical-align: middle; vertical-align: bottom ; ">Leasing Contract Costs &#8211; Financing</td>
  405. <td style="width:70.74px;;text-align: right ; vertical-align: middle; "> (442.7)</td>
  406. <td style="width:70.74px;;text-align: right ; vertical-align: middle; "> (89.8)</td>
  407. <td style="width:70.74px;;text-align: right ; vertical-align: middle; ">392.7%</td>
  408. </tr>
  409. <tr>
  410. <td style="width:380.07px;;vertical-align: middle; text-align: left; padding-left: 20.0px; text-align: left ; vertical-align: middle; vertical-align: bottom ; ">Unrealised Gains/Losses on Financial xxInstruments</td>
  411. <td style="width:70.74px;;text-align: right ; vertical-align: middle; ">73.3</td>
  412. <td style="width:70.74px;;text-align: right ; vertical-align: middle; ">23.1</td>
  413. <td style="width:70.74px;;text-align: right ; vertical-align: middle; ">217.4%</td>
  414. </tr>
  415. <tr>
  416. <td style="width:380.07px;;vertical-align: middle; text-align: left; padding-left: 20.0px; border-top: solid black 1pt ; text-align: left ; vertical-align: middle; vertical-align: bottom ; "><strong>Leasing Contract Margin</strong></td>
  417. <td style="width:70.74px;;border-top: solid black 1pt ; text-align: right ; vertical-align: middle; "><strong>282.4</strong></td>
  418. <td style="width:70.74px;;border-top: solid black 1pt ; text-align: right ; vertical-align: middle; "><strong>367.1</strong></td>
  419. <td style="width:70.74px;;border-top: solid black 1pt ; text-align: right ; vertical-align: middle; "><strong>-23.1%</strong></td>
  420. </tr>
  421. <tr>
  422. <td style="width:380.07px;;vertical-align: middle; text-align: left; padding-left: 20.0px; text-align: left ; vertical-align: middle; vertical-align: bottom ; ">Services Revenues</td>
  423. <td style="width:70.74px;;text-align: right ; vertical-align: middle; ">1,414.1</td>
  424. <td style="width:70.74px;;text-align: right ; vertical-align: middle; ">715.9</td>
  425. <td style="width:70.74px;;text-align: right ; vertical-align: middle; ">97.5%</td>
  426. </tr>
  427. <tr>
  428. <td style="width:380.07px;;vertical-align: middle; text-align: left; padding-left: 20.0px; text-align: left ; vertical-align: middle; vertical-align: bottom ; ">Cost of Services Revenues</td>
  429. <td style="width:70.74px;;text-align: right ; vertical-align: middle; "> (989.9)</td>
  430. <td style="width:70.74px;;text-align: right ; vertical-align: middle; "> (541.8)</td>
  431. <td style="width:70.74px;;text-align: right ; vertical-align: middle; ">82.7%</td>
  432. </tr>
  433. <tr>
  434. <td style="width:380.07px;;vertical-align: middle; text-align: left; padding-left: 20.0px; border-top: solid black 1pt ; text-align: left ; vertical-align: middle; vertical-align: bottom ; "><strong>Services Margin</strong></td>
  435. <td style="width:70.74px;;border-top: solid black 1pt ; text-align: right ; vertical-align: middle; "><strong>424.2</strong></td>
  436. <td style="width:70.74px;;border-top: solid black 1pt ; text-align: right ; vertical-align: middle; "><strong>174.0</strong></td>
  437. <td style="width:70.74px;;border-top: solid black 1pt ; text-align: right ; vertical-align: middle; "><strong>143.7%</strong></td>
  438. </tr>
  439. <tr>
  440. <td style="width:380.07px;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: left ; vertical-align: middle; vertical-align: bottom ; "><strong>Leasing Contract and Services Margins</strong></td>
  441. <td style="width:70.74px;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; "><strong>706.6</strong></td>
  442. <td style="width:70.74px;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; "><strong>541.1</strong></td>
  443. <td style="width:70.74px;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; "><strong>30.6%</strong></td>
  444. </tr>
  445. <tr>
  446. <td style="width:380.07px;;vertical-align: middle; text-align: left; padding-left: 20.0px; text-align: left ; vertical-align: middle; vertical-align: bottom ; ">Proceeds of Cars Sold</td>
  447. <td style="width:70.74px;;text-align: right ; vertical-align: middle; ">2,157.9</td>
  448. <td style="width:70.74px;;text-align: right ; vertical-align: middle; ">1,127.1</td>
  449. <td style="width:70.74px;;text-align: right ; vertical-align: middle; ">91.5%</td>
  450. </tr>
  451. <tr>
  452. <td style="width:380.07px;;vertical-align: middle; text-align: left; padding-left: 20.0px; text-align: left ; vertical-align: middle; vertical-align: bottom ; ">Cost of Cars Sold</td>
  453. <td style="width:70.74px;;text-align: right ; vertical-align: middle; "> (2,062.9)</td>
  454. <td style="width:70.74px;;text-align: right ; vertical-align: middle; "> (936.6)</td>
  455. <td style="width:70.74px;;text-align: right ; vertical-align: middle; ">120.2%</td>
  456. </tr>
  457. <tr>
  458. <td style="width:380.07px;;border-top: solid black 1pt ; text-align: left ; vertical-align: middle; vertical-align: bottom ; "><strong>Used Car Sales result</strong></td>
  459. <td style="width:70.74px;;border-top: solid black 1pt ; text-align: right ; vertical-align: middle; "><strong>95.0</strong></td>
  460. <td style="width:70.74px;;border-top: solid black 1pt ; text-align: right ; vertical-align: middle; "><strong>190.5</strong></td>
  461. <td style="width:70.74px;;border-top: solid black 1pt ; text-align: right ; vertical-align: middle; "><strong>-50.1%</strong></td>
  462. </tr>
  463. <tr>
  464. <td style="width:380.07px;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: left ; vertical-align: middle; vertical-align: bottom ; "><strong>Gross Operating Income</strong></td>
  465. <td style="width:70.74px;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; "><strong>801.7</strong></td>
  466. <td style="width:70.74px;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; "><strong>731.6</strong></td>
  467. <td style="width:70.74px;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; "><strong>9.6%</strong></td>
  468. </tr>
  469. <tr>
  470. <td style="width:380.07px;;vertical-align: middle; text-align: left; padding-left: 20.0px; text-align: left ; vertical-align: middle; vertical-align: bottom ; ">Staff Expenses</td>
  471. <td style="width:70.74px;;text-align: right ; vertical-align: middle; "> (301.3)</td>
  472. <td style="width:70.74px;;text-align: right ; vertical-align: middle; "> (136.7)</td>
  473. <td style="width:70.74px;;text-align: right ; vertical-align: middle; ">120.4%</td>
  474. </tr>
  475. <tr>
  476. <td style="width:380.07px;;vertical-align: middle; text-align: left; padding-left: 20.0px; text-align: left ; vertical-align: middle; vertical-align: bottom ; ">General and Administrative Expenses</td>
  477. <td style="width:70.74px;;text-align: right ; vertical-align: middle; "> (140.1)</td>
  478. <td style="width:70.74px;;text-align: right ; vertical-align: middle; "> (105.8)</td>
  479. <td style="width:70.74px;;text-align: right ; vertical-align: middle; ">32.5%</td>
  480. </tr>
  481. <tr>
  482. <td style="width:380.07px;;vertical-align: middle; text-align: left; padding-left: 20.0px; text-align: left ; vertical-align: middle; vertical-align: bottom ; ">Depreciation and Amortisation </td>
  483. <td style="width:70.74px;;text-align: right ; vertical-align: middle; "> (48.2)</td>
  484. <td style="width:70.74px;;text-align: right ; vertical-align: middle; "> (18.0)</td>
  485. <td style="width:70.74px;;text-align: right ; vertical-align: middle; ">167.7%</td>
  486. </tr>
  487. <tr>
  488. <td style="width:380.07px;;vertical-align: middle; text-align: left; padding-left: 20.0px; text-align: left ; vertical-align: middle; vertical-align: bottom ; "><strong>Total Operating Expenses</strong></td>
  489. <td style="width:70.74px;;text-align: right ; vertical-align: middle; "><strong> (489.6)</strong></td>
  490. <td style="width:70.74px;;text-align: right ; vertical-align: middle; "><strong> (260.5)</strong></td>
  491. <td style="width:70.74px;;text-align: right ; vertical-align: middle; "><strong>88.0%</strong></td>
  492. </tr>
  493. <tr>
  494. <td style="width:380.07px;;vertical-align: middle; text-align: left; padding-left: 30.0px; text-align: left ; vertical-align: middle; vertical-align: bottom ; "><em>Cost/Income ratio (excl UCS)</em></td>
  495. <td style="width:70.74px;;text-align: right ; vertical-align: middle; "><em>69.3%</em></td>
  496. <td style="width:70.74px;;text-align: right ; vertical-align: middle; "><em>48.1%</em></td>
  497. <td style="width:70.74px;;text-align: right ; vertical-align: middle; "> </td>
  498. </tr>
  499. <tr>
  500. <td style="width:380.07px;;vertical-align: middle; text-align: left; padding-left: 20.0px; text-align: left ; vertical-align: middle; vertical-align: bottom ; ">Impairment Charges on Receivables</td>
  501. <td style="width:70.74px;;text-align: right ; vertical-align: middle; "> (33.1)</td>
  502. <td style="width:70.74px;;text-align: right ; vertical-align: middle; "> (8.8)</td>
  503. <td style="width:70.74px;;text-align: right ; vertical-align: middle; ">277.0%</td>
  504. </tr>
  505. <tr>
  506. <td style="width:380.07px;;vertical-align: middle; text-align: left; padding-left: 20.0px; text-align: left ; vertical-align: middle; vertical-align: bottom ; ">Other income</td>
  507. <td style="width:70.74px;;text-align: right ; vertical-align: middle; ">4.2</td>
  508. <td style="width:70.74px;;text-align: right ; vertical-align: middle; ">0.0</td>
  509. <td style="width:70.74px;;text-align: right ; vertical-align: middle; "> </td>
  510. </tr>
  511. <tr>
  512. <td style="width:380.07px;;vertical-align: middle; text-align: left; padding-left: 20.0px; text-align: left ; vertical-align: middle; vertical-align: bottom ; ">Non-Recurring Income (Expenses)</td>
  513. <td style="width:70.74px;;text-align: right ; vertical-align: middle; ">4.8</td>
  514. <td style="width:70.74px;;text-align: right ; vertical-align: middle; "> (20.6)</td>
  515. <td style="width:70.74px;;text-align: right ; vertical-align: middle; "> </td>
  516. </tr>
  517. <tr>
  518. <td style="width:380.07px;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: left ; vertical-align: middle; vertical-align: bottom ; "><strong>Operating Result</strong></td>
  519. <td style="width:70.74px;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; "><strong>287.9</strong></td>
  520. <td style="width:70.74px;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; "><strong>441.8</strong></td>
  521. <td style="width:70.74px;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; "><strong>-34.8%</strong></td>
  522. </tr>
  523. <tr>
  524. <td style="width:380.07px;;vertical-align: middle; text-align: left; padding-left: 20.0px; text-align: left ; vertical-align: middle; vertical-align: bottom ; ">Share of Profit of Associates and Jointly xxControlled Entities</td>
  525. <td style="width:70.74px;;text-align: right ; vertical-align: middle; ">1.5</td>
  526. <td style="width:70.74px;;text-align: right ; vertical-align: middle; ">0.8</td>
  527. <td style="width:70.74px;;text-align: right ; vertical-align: middle; ">89.6%</td>
  528. </tr>
  529. <tr>
  530. <td style="width:380.07px;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: left ; vertical-align: middle; vertical-align: bottom ; "><strong>Profit Before Tax</strong></td>
  531. <td style="width:70.74px;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; "><strong>289.4</strong></td>
  532. <td style="width:70.74px;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; "><strong>442.6</strong></td>
  533. <td style="width:70.74px;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; "><strong>-34.6%</strong></td>
  534. </tr>
  535. <tr>
  536. <td style="width:380.07px;;vertical-align: middle; text-align: left; padding-left: 20.0px; text-align: left ; vertical-align: middle; vertical-align: bottom ; ">Income Tax Expense</td>
  537. <td style="width:70.74px;;text-align: right ; vertical-align: middle; "> (90.5)</td>
  538. <td style="width:70.74px;;text-align: right ; vertical-align: middle; "> (125.6)</td>
  539. <td style="width:70.74px;;text-align: right ; vertical-align: middle; ">-27.9%</td>
  540. </tr>
  541. <tr>
  542. <td style="width:380.07px;;vertical-align: middle; text-align: left; padding-left: 20.0px; border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: left ; vertical-align: middle; vertical-align: bottom ; "><strong>Profit for the Period</strong></td>
  543. <td style="width:70.74px;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; "><strong>198.9</strong></td>
  544. <td style="width:70.74px;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; "><strong>316.9</strong></td>
  545. <td style="width:70.74px;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; "><strong>-37.2%</strong></td>
  546. </tr>
  547. <tr>
  548. <td style="width:380.07px;;text-align: left ; vertical-align: middle; vertical-align: bottom ; ">Net income </td>
  549. <td style="width:70.74px;;text-align: right ; vertical-align: middle; "><strong>198.9</strong></td>
  550. <td style="width:70.74px;;text-align: right ; vertical-align: middle; "><strong>316.9</strong></td>
  551. <td style="width:70.74px;;text-align: right ; vertical-align: middle; "><strong>-37.2%</strong></td>
  552. </tr>
  553. <tr>
  554. <td style="width:380.07px;;vertical-align: middle; text-align: left; padding-left: 20.0px; text-align: left ; vertical-align: middle; vertical-align: bottom ; ">Non-controlling interests</td>
  555. <td style="width:70.74px;;text-align: right ; vertical-align: middle; "><em>(11.1)</em></td>
  556. <td style="width:70.74px;;text-align: right ; vertical-align: middle; "><em>(1.5)</em></td>
  557. <td style="width:70.74px;;text-align: right ; vertical-align: middle; ">654.2%</td>
  558. </tr>
  559. <tr>
  560. <td style="width:380.07px;;vertical-align: middle; text-align: left; padding-left: 20.0px; border-top: solid black 1pt ; text-align: left ; vertical-align: middle; vertical-align: bottom ; "><strong>Net income group share</strong></td>
  561. <td style="width:70.74px;;border-top: solid black 1pt ; text-align: right ; vertical-align: middle; "><strong>187.8</strong></td>
  562. <td style="width:70.74px;;border-top: solid black 1pt ; text-align: right ; vertical-align: middle; "><strong>315.5</strong></td>
  563. <td style="width:70.74px;;border-top: solid black 1pt ; text-align: right ; vertical-align: middle; "><strong>-40.5%</strong></td>
  564. </tr>
  565. </table>
  566. <p> </p>
  567. <p align="justify">BALANCE SHEET AS AT 31 MARCH 2024</p>
  568. <table style="border-collapse: collapse; width:453pt; border-collapse:collapse ;">
  569. <tr>
  570. <td style="width:372.00px;;text-align: left ; vertical-align: middle; "><strong>In EUR million</strong></td>
  571. <td style="width:116.00px;;text-align: center ; vertical-align: middle; "><strong>31 March 2024</strong></td>
  572. <td style="width:116.00px;;text-align: center ; vertical-align: middle; "><strong>31 December 2023</strong></td>
  573. </tr>
  574. <tr>
  575. <td style="width:372.00px;;text-align: left ; vertical-align: middle; ">Earning assets</td>
  576. <td style="width:116.00px;;text-align: right ; vertical-align: middle; ">52,733</td>
  577. <td style="width:116.00px;;text-align: right ; vertical-align: middle; ">52,025</td>
  578. </tr>
  579. <tr>
  580. <td style="width:372.00px;;vertical-align: middle; text-align: left; padding-left: 30.0px; text-align: left ; vertical-align: middle; "><em>o/w Rental fleet</em></td>
  581. <td style="width:116.00px;;text-align: right ; vertical-align: middle; "><em>50,528</em></td>
  582. <td style="width:116.00px;;text-align: right ; vertical-align: middle; "><em>49,765</em></td>
  583. </tr>
  584. <tr>
  585. <td style="width:372.00px;;vertical-align: middle; text-align: left; padding-left: 30.0px; text-align: left ; vertical-align: middle; "><em>o/w Financial lease receivables</em></td>
  586. <td style="width:116.00px;;text-align: right ; vertical-align: middle; "><em>2,205</em></td>
  587. <td style="width:116.00px;;text-align: right ; vertical-align: middle; "><em>2,260</em></td>
  588. </tr>
  589. <tr>
  590. <td style="width:372.00px;;text-align: left ; vertical-align: middle; ">Cash &amp; Cash deposits with the ECB</td>
  591. <td style="width:116.00px;;text-align: right ; vertical-align: middle; ">4,935</td>
  592. <td style="width:116.00px;;text-align: right ; vertical-align: middle; ">3,997</td>
  593. </tr>
  594. <tr>
  595. <td style="width:372.00px;;text-align: left ; vertical-align: middle; ">Intangibles (incl. goodwill)</td>
  596. <td style="width:116.00px;;text-align: right ; vertical-align: middle; ">2,702</td>
  597. <td style="width:116.00px;;text-align: right ; vertical-align: middle; ">2,695</td>
  598. </tr>
  599. <tr>
  600. <td style="width:372.00px;;text-align: left ; vertical-align: middle; ">Operating lease and other receivables</td>
  601. <td style="width:116.00px;;text-align: right ; vertical-align: middle; ">7,174</td>
  602. <td style="width:116.00px;;text-align: right ; vertical-align: middle; ">6,536</td>
  603. </tr>
  604. <tr>
  605. <td style="width:372.00px;;text-align: left ; vertical-align: middle; ">Other</td>
  606. <td style="width:116.00px;;text-align: right ; vertical-align: middle; ">5,344</td>
  607. <td style="width:116.00px;;text-align: right ; vertical-align: middle; ">5,008</td>
  608. </tr>
  609. <tr>
  610. <td style="width:372.00px;;text-align: left ; vertical-align: middle; "><strong> Total assets </strong></td>
  611. <td style="width:116.00px;;text-align: right ; vertical-align: middle; "><strong>72,887</strong></td>
  612. <td style="width:116.00px;;text-align: right ; vertical-align: middle; "><strong>70,261</strong></td>
  613. </tr>
  614. <tr>
  615. <td style="width:372.00px;;text-align: left ; vertical-align: middle; ">Group shareholders&#8217; equity </td>
  616. <td style="width:116.00px;;text-align: right ; vertical-align: middle; ">11,062</td>
  617. <td style="width:116.00px;;text-align: right ; vertical-align: middle; ">10,826</td>
  618. </tr>
  619. <tr>
  620. <td style="width:372.00px;;vertical-align: middle; text-align: left; padding-left: 30.0px; text-align: left ; vertical-align: middle; "><em>o/w Group shareholders’ equity excl. </em><em>AT1</em></td>
  621. <td style="width:116.00px;;vertical-align: middle; text-align: left; padding-left: 30.0px; text-align: right ; vertical-align: middle; "><em>10,312</em></td>
  622. <td style="width:116.00px;;vertical-align: middle; text-align: left; padding-left: 30.0px; text-align: right ; vertical-align: middle; "><em>10,076</em></td>
  623. </tr>
  624. <tr>
  625. <td style="width:372.00px;;vertical-align: middle; text-align: left; padding-left: 30.0px; text-align: left ; vertical-align: middle; "><em>Tangible shareholders’ equity  </em></td>
  626. <td style="width:116.00px;;vertical-align: middle; text-align: left; padding-left: 30.0px; text-align: right ; vertical-align: middle; "><em>7,573</em></td>
  627. <td style="width:116.00px;;vertical-align: middle; text-align: left; padding-left: 30.0px; text-align: right ; vertical-align: middle; "><em>7,362</em></td>
  628. </tr>
  629. <tr>
  630. <td style="width:372.00px;;vertical-align: middle; text-align: left; padding-left: 30.0px; text-align: left ; vertical-align: middle; "><em>o/w AT1<sup>31</sup></em></td>
  631. <td style="width:116.00px;;vertical-align: middle; text-align: left; padding-left: 30.0px; text-align: right ; vertical-align: middle; "><em>750</em></td>
  632. <td style="width:116.00px;;vertical-align: middle; text-align: left; padding-left: 30.0px; text-align: right ; vertical-align: middle; "><em>750</em></td>
  633. </tr>
  634. <tr>
  635. <td style="width:372.00px;;text-align: left ; vertical-align: middle; ">Non-controlling interests </td>
  636. <td style="width:116.00px;;text-align: right ; vertical-align: middle; ">536</td>
  637. <td style="width:116.00px;;text-align: right ; vertical-align: middle; ">526</td>
  638. </tr>
  639. <tr>
  640. <td style="width:372.00px;;vertical-align: middle; text-align: left; padding-left: 30.0px; text-align: left ; vertical-align: middle; "><em>o/w non-controlling interests excl. AT1</em></td>
  641. <td style="width:116.00px;;vertical-align: middle; text-align: left; padding-left: 30.0px; text-align: right ; vertical-align: middle; "><em>29</em></td>
  642. <td style="width:116.00px;;vertical-align: middle; text-align: left; padding-left: 30.0px; text-align: right ; vertical-align: middle; "><em>28</em></td>
  643. </tr>
  644. <tr>
  645. <td style="width:372.00px;;vertical-align: middle; text-align: left; padding-left: 30.0px; text-align: left ; vertical-align: middle; "><em>o/w non-controlling interests &#8211; AT1<sup>32</sup></em></td>
  646. <td style="width:116.00px;;vertical-align: middle; text-align: left; padding-left: 30.0px; text-align: right ; vertical-align: middle; "><em>5</em><em>07</em></td>
  647. <td style="width:116.00px;;vertical-align: middle; text-align: left; padding-left: 30.0px; text-align: right ; vertical-align: middle; "><em>498</em></td>
  648. </tr>
  649. <tr>
  650. <td style="width:372.00px;;text-align: left ; vertical-align: middle; "><strong>Total equity</strong></td>
  651. <td style="width:116.00px;;text-align: right ; vertical-align: middle; "><strong>11,598</strong></td>
  652. <td style="width:116.00px;;text-align: right ; vertical-align: middle; "><strong>11,352</strong></td>
  653. </tr>
  654. <tr>
  655. <td style="width:372.00px;;text-align: left ; vertical-align: middle; ">Deposits </td>
  656. <td style="width:116.00px;;text-align: right ; vertical-align: middle; ">12,824</td>
  657. <td style="width:116.00px;;text-align: right ; vertical-align: middle; ">11,785</td>
  658. </tr>
  659. <tr>
  660. <td style="width:372.00px;;text-align: left ; vertical-align: middle; ">Financial debt</td>
  661. <td style="width:116.00px;;text-align: right ; vertical-align: middle; ">38,621</td>
  662. <td style="width:116.00px;;text-align: right ; vertical-align: middle; ">37,627</td>
  663. </tr>
  664. <tr>
  665. <td style="width:372.00px;;text-align: left ; vertical-align: middle; ">Trade and other payables</td>
  666. <td style="width:116.00px;;text-align: right ; vertical-align: middle; ">6,479</td>
  667. <td style="width:116.00px;;text-align: right ; vertical-align: middle; ">6,035</td>
  668. </tr>
  669. <tr>
  670. <td style="width:372.00px;;text-align: left ; vertical-align: middle; ">Other liabilities</td>
  671. <td style="width:116.00px;;text-align: right ; vertical-align: middle; ">3,366</td>
  672. <td style="width:116.00px;;text-align: right ; vertical-align: middle; ">3,463</td>
  673. </tr>
  674. <tr>
  675. <td style="width:372.00px;;text-align: left ; vertical-align: middle; "><strong>Total liabilities and equity</strong></td>
  676. <td style="width:116.00px;;text-align: right ; vertical-align: middle; "><strong>72,887</strong></td>
  677. <td style="width:116.00px;;text-align: right ; vertical-align: middle; "><strong>70,261</strong></td>
  678. </tr>
  679. <tr>
  680. <td colspan="3" style="width:604.00px;;vertical-align: middle; text-align: left; padding-left: 30.0px; text-align: left ; vertical-align: middle; "><em> </em></td>
  681. </tr>
  682. </table>
  683. <p> </p>
  684. <p align="justify">EARNINGS PER SHARE (EPS) </p>
  685. <table style="border-collapse: collapse; width:426.5pt; border-collapse:collapse ;">
  686. <tr>
  687. <td style="width:266.27px;;text-align: left ; vertical-align: middle; "><strong>Basic EPS</strong></td>
  688. <td style="width:151.87px;;text-align: center ; vertical-align: middle; "><strong>Q1 2024</strong></td>
  689. <td style="width:150.54px;;text-align: center ; vertical-align: middle; "><strong>Q1 2023</strong></td>
  690. </tr>
  691. <tr>
  692. <td style="width:266.27px;;text-align: left ; vertical-align: middle; ">Existing shares </td>
  693. <td style="width:151.87px;;text-align: right ; vertical-align: middle; ">816,960,428</td>
  694. <td style="width:150.54px;;text-align: right ; vertical-align: middle; ">565,745,096</td>
  695. </tr>
  696. <tr>
  697. <td style="width:266.27px;;text-align: left ; vertical-align: middle; ">Shares allocated to cover stock options and shares awarded  to staff</td>
  698. <td style="width:151.87px;;text-align: right ; vertical-align: middle; ">(839,734)</td>
  699. <td style="width:150.54px;;text-align: right ; vertical-align: middle; ">        (671,704)</td>
  700. </tr>
  701. <tr>
  702. <td style="width:266.27px;;border-bottom: solid black 1pt ; text-align: left ; vertical-align: middle; ">Treasury shares in liquidity contracts</td>
  703. <td style="width:151.87px;;border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">(143,312)</td>
  704. <td style="width:150.54px;;border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">        (126,277)</td>
  705. </tr>
  706. <tr>
  707. <td style="width:266.27px;;text-align: left ; vertical-align: middle; "><strong>End of period number of shares</strong></td>
  708. <td style="width:151.87px;;text-align: right ; vertical-align: middle; "><strong>815,977,382</strong></td>
  709. <td style="width:150.54px;;text-align: right ; vertical-align: middle; "><strong>564,947,115</strong></td>
  710. </tr>
  711. <tr>
  712. <td style="width:266.27px;"> </td>
  713. <td style="width:151.87px;"> </td>
  714. <td style="width:150.54px;"> </td>
  715. </tr>
  716. <tr>
  717. <td style="width:266.27px;;border-bottom: solid black 1pt ; text-align: left ; vertical-align: middle; "><strong>Weighted average number of shares used for EPS calculation<sup>33</sup> (A)</strong></td>
  718. <td style="width:151.87px;;border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; "><strong>815,843,462</strong></td>
  719. <td style="width:150.54px;;border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; "><strong>564,759,155</strong></td>
  720. </tr>
  721. <tr>
  722. <td style="width:266.27px;;vertical-align: bottom ; "> </td>
  723. <td style="width:151.87px;"> </td>
  724. <td style="width:150.54px;"> </td>
  725. </tr>
  726. <tr>
  727. <td style="width:266.27px;;text-align: left ; vertical-align: middle; "><em>in EUR million</em></td>
  728. <td style="width:151.87px;"> </td>
  729. <td style="width:150.54px;"> </td>
  730. </tr>
  731. <tr>
  732. <td style="width:266.27px;;text-align: left ; vertical-align: middle; ">Net income group share</td>
  733. <td style="width:151.87px;;text-align: right ; vertical-align: middle; ">         187.8 </td>
  734. <td style="width:150.54px;;text-align: right ; vertical-align: middle; ">315.5</td>
  735. </tr>
  736. <tr>
  737. <td style="width:266.27px;;text-align: left ; vertical-align: middle; ">Deduction of interest on AT1 capital</td>
  738. <td style="width:151.87px;;text-align: right ; vertical-align: middle; ">          (18.3)</td>
  739. <td style="width:150.54px;;text-align: right ; vertical-align: middle; ">0.0</td>
  740. </tr>
  741. <tr>
  742. <td style="width:266.27px;;text-align: left ; vertical-align: middle; ">Net Income group share after deduction of interest on AT1 capital (B) </td>
  743. <td style="width:151.87px;;text-align: right ; vertical-align: middle; ">         169.5 </td>
  744. <td style="width:150.54px;;text-align: right ; vertical-align: middle; ">315.5</td>
  745. </tr>
  746. <tr>
  747. <td style="width:266.27px;;text-align: left ; vertical-align: middle; "> </td>
  748. <td style="width:151.87px;;text-align: left ; vertical-align: middle; "> </td>
  749. <td style="width:150.54px;;text-align: left ; vertical-align: middle; ">.</td>
  750. </tr>
  751. <tr>
  752. <td style="width:266.27px;;border-bottom: solid black 1pt ; text-align: left ; vertical-align: middle; "><strong>Basic EPS (in EUR) (B/A)</strong></td>
  753. <td style="width:151.87px;;border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; "><strong>0.21</strong></td>
  754. <td style="width:150.54px;;border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; "><strong>0.56</strong></td>
  755. </tr>
  756. <tr>
  757. <td colspan="3" style="width:568.67px;;text-align: left ; vertical-align: middle; vertical-align: bottom ; "> </td>
  758. </tr>
  759. <tr>
  760. <td style="width:266.27px;;text-align: left ; vertical-align: middle; "><strong>Diluted EPS</strong></td>
  761. <td style="width:151.87px;;text-align: center ; vertical-align: middle; "><strong>Q1 2024</strong></td>
  762. <td style="width:150.54px;;text-align: center ; vertical-align: middle; "><strong>Q1 2023</strong></td>
  763. </tr>
  764. <tr>
  765. <td style="width:266.27px;;text-align: left ; vertical-align: middle; ">Existing shares </td>
  766. <td style="width:151.87px;;text-align: right ; vertical-align: middle; ">816,960,428</td>
  767. <td style="width:150.54px;;text-align: right ; vertical-align: middle; ">565,745,096</td>
  768. </tr>
  769. <tr>
  770. <td style="width:266.27px;;border-bottom: solid black 1pt ; text-align: left ; vertical-align: middle; ">Shares issued for no consideration<sup>34</sup></td>
  771. <td style="width:151.87px;;border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">17,995,041</td>
  772. <td style="width:150.54px;;border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">0</td>
  773. </tr>
  774. <tr>
  775. <td style="width:266.27px;;text-align: left ; vertical-align: middle; "><strong>End of period number of shares</strong></td>
  776. <td style="width:151.87px;;text-align: right ; vertical-align: middle; "><strong>834,955,469</strong></td>
  777. <td style="width:150.54px;;text-align: right ; vertical-align: middle; "><strong>565,745,096</strong></td>
  778. </tr>
  779. <tr>
  780. <td style="width:266.27px;"> </td>
  781. <td style="width:151.87px;"> </td>
  782. <td style="width:150.54px;"> </td>
  783. </tr>
  784. <tr>
  785. <td style="width:266.27px;;border-bottom: solid black 1pt ; text-align: left ; vertical-align: middle; "><strong>Weighted average number of shares used for EPS calculation </strong><strong><sup>33</sup></strong><strong>(A’)</strong></td>
  786. <td style="width:151.87px;;border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; "><strong>835,066,308</strong></td>
  787. <td style="width:150.54px;;border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; "><strong>565,745,096</strong></td>
  788. </tr>
  789. <tr>
  790. <td style="width:266.27px;;text-align: left ; vertical-align: middle; "> </td>
  791. <td style="width:151.87px;;text-align: left ; vertical-align: middle; "> </td>
  792. <td style="width:150.54px;;text-align: left ; vertical-align: middle; "> </td>
  793. </tr>
  794. <tr>
  795. <td style="width:266.27px;;text-align: left ; vertical-align: middle; "><strong>Diluted EPS (in EUR) (B/A’)</strong></td>
  796. <td style="width:151.87px;;text-align: right ; vertical-align: middle; "><strong>0.20</strong></td>
  797. <td style="width:150.54px;;text-align: right ; vertical-align: middle; "><strong>0.56</strong></td>
  798. </tr>
  799. <tr>
  800. <td colspan="3" style="width:568.67px;;vertical-align: middle; text-align: left; padding-left: 30.0px; text-align: left ; vertical-align: middle; "><em> </em></td>
  801. </tr>
  802. </table>
  803. <p> </p>
  804. <p align="justify">Return on tangible equity (ROTE)</p>
  805. <table style="border-collapse: collapse; width:359.7pt; border-collapse:collapse ;">
  806. <tr>
  807. <td colspan="2" style="width:278.94px;;text-align: left ; vertical-align: middle; "><strong>in EUR million</strong></td>
  808. <td style="width:100.40px;;text-align: right ; vertical-align: middle; "><strong>Q1 2024</strong></td>
  809. <td style="width:90.34px;;text-align: right ; vertical-align: middle; "><strong>Q1 2023</strong></td>
  810. <td style="width:9.94px;"> </td>
  811. </tr>
  812. <tr>
  813. <td colspan="2" style="width:278.94px;;text-align: left ; vertical-align: middle; ">Group shareholders&#8217; equity</td>
  814. <td style="width:100.40px;;text-align: right ; vertical-align: middle; ">11,062.1</td>
  815. <td style="width:90.34px;;text-align: right ; vertical-align: middle; ">7,187.8</td>
  816. <td style="width:9.94px;"> </td>
  817. </tr>
  818. <tr>
  819. <td colspan="2" style="width:278.94px;;text-align: left ; vertical-align: middle; ">AT1 capital</td>
  820. <td style="width:100.40px;;text-align: right ; vertical-align: middle; "> (750.0)</td>
  821. <td style="width:90.34px;;text-align: right ; vertical-align: middle; ">0.0</td>
  822. <td style="width:9.94px;"> </td>
  823. </tr>
  824. <tr>
  825. <td colspan="2" style="width:278.94px;;text-align: left ; vertical-align: middle; ">Dividend provision and interest on AT1 capital<sup>35</sup></td>
  826. <td style="width:100.40px;;text-align: right ; vertical-align: middle; "> (523.8)</td>
  827. <td style="width:90.34px;;text-align: right ; vertical-align: middle; "> (756.6)</td>
  828. <td style="width:9.94px;"> </td>
  829. </tr>
  830. <tr>
  831. <td colspan="2" style="width:278.94px;;text-align: left ; vertical-align: middle; ">OCI excluding conversion reserves</td>
  832. <td style="width:100.40px;;text-align: right ; vertical-align: middle; ">20.7</td>
  833. <td style="width:90.34px;;text-align: right ; vertical-align: middle; "> (36.2)</td>
  834. <td style="width:9.94px;"> </td>
  835. </tr>
  836. <tr>
  837. <td colspan="2" style="width:278.94px;;border-bottom: solid black 1pt ; text-align: left ; vertical-align: middle; "><strong>Equity base for ROE calculation end of period</strong></td>
  838. <td style="width:100.40px;;border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; "><strong>9,809.0</strong></td>
  839. <td style="width:90.34px;;border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; "><strong>6,395.1</strong></td>
  840. <td style="width:9.94px;;border-bottom: solid black 1pt ; "> </td>
  841. </tr>
  842. <tr>
  843. <td colspan="2" style="width:278.94px;;text-align: left ; vertical-align: middle; ">Goodwill</td>
  844. <td style="width:100.40px;;text-align: right ; vertical-align: middle; ">1,990.9</td>
  845. <td style="width:90.34px;;text-align: right ; vertical-align: middle; ">618.6</td>
  846. <td style="width:9.94px;"> </td>
  847. </tr>
  848. <tr>
  849. <td colspan="2" style="width:278.94px;;text-align: left ; vertical-align: middle; ">Intangible assets</td>
  850. <td style="width:100.40px;;text-align: right ; vertical-align: middle; ">711.0</td>
  851. <td style="width:90.34px;;text-align: right ; vertical-align: middle; ">134.2</td>
  852. <td style="width:9.94px;"> </td>
  853. </tr>
  854. <tr>
  855. <td colspan="2" style="width:278.94px;"> </td>
  856. <td style="width:100.40px;"> </td>
  857. <td style="width:90.34px;"> </td>
  858. <td style="width:9.94px;"> </td>
  859. </tr>
  860. <tr>
  861. <td colspan="2" style="width:278.94px;;text-align: left ; vertical-align: middle; vertical-align: bottom ; ">Average equity base for ROE calculation</td>
  862. <td style="width:100.40px;;text-align: right ; vertical-align: middle; ">9,744.3</td>
  863. <td style="width:90.34px;;text-align: right ; vertical-align: middle; ">6,348.0</td>
  864. <td style="width:9.94px;"> </td>
  865. </tr>
  866. <tr>
  867. <td colspan="2" style="width:278.94px;;text-align: left ; vertical-align: middle; ">Average Goodwill</td>
  868. <td style="width:100.40px;;text-align: right ; vertical-align: middle; "> (1,990.9)</td>
  869. <td style="width:90.34px;;text-align: right ; vertical-align: middle; "> (618.6)</td>
  870. <td style="width:9.94px;"> </td>
  871. </tr>
  872. <tr>
  873. <td colspan="2" style="width:278.94px;;text-align: left ; vertical-align: middle; ">Average Intangible assets</td>
  874. <td style="width:100.40px;;text-align: right ; vertical-align: middle; "> (707.5)</td>
  875. <td style="width:90.34px;;text-align: right ; vertical-align: middle; "> (130.4)</td>
  876. <td style="width:9.94px;"> </td>
  877. </tr>
  878. <tr>
  879. <td style="width:9.94px;"> </td>
  880. <td colspan="4" style="text-align: justify ; vertical-align: middle; "> </td>
  881. </tr>
  882. <tr>
  883. <td colspan="2" style="width:278.94px;;border-bottom: solid black 1pt ; text-align: left ; vertical-align: middle; "><strong>Average tangible equity for ROTE calculation</strong></td>
  884. <td style="width:100.40px;;border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; "><strong>7046.0</strong></td>
  885. <td style="width:90.34px;;border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; "><strong>5,599.0</strong></td>
  886. <td style="width:9.94px;;border-bottom: solid black 1pt ; "> </td>
  887. </tr>
  888. <tr>
  889. <td colspan="2" style="width:278.94px;;text-align: left ; vertical-align: middle; vertical-align: bottom ; ">Group net income after non-controlling interests</td>
  890. <td style="width:100.40px;;text-align: right ; vertical-align: middle; ">187.8</td>
  891. <td style="width:90.34px;;text-align: right ; vertical-align: middle; ">315.5</td>
  892. <td style="width:9.94px;;vertical-align: bottom ; "> </td>
  893. </tr>
  894. <tr>
  895. <td colspan="2" style="width:278.94px;;text-align: left ; vertical-align: middle; vertical-align: bottom ; ">Interest on AT1 capital</td>
  896. <td style="width:100.40px;;text-align: right ; vertical-align: middle; "> (18.3)</td>
  897. <td style="width:90.34px;;text-align: right ; vertical-align: middle; ">0.0</td>
  898. <td style="width:9.94px;;vertical-align: bottom ; "> </td>
  899. </tr>
  900. <tr>
  901. <td colspan="2" style="width:278.94px;;border-bottom: solid black 1pt ; text-align: left ; vertical-align: middle; "><strong>Adjusted Group net income</strong></td>
  902. <td style="width:100.40px;;border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; "><strong>169.5</strong></td>
  903. <td style="width:90.34px;;border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; "><strong>315.5</strong></td>
  904. <td style="width:9.94px;;vertical-align: bottom ; "> </td>
  905. </tr>
  906. <tr>
  907. <td colspan="2" style="width:278.94px;;vertical-align: bottom ; "> </td>
  908. <td style="width:100.40px;;vertical-align: bottom ; "> </td>
  909. <td style="width:90.34px;;text-align: right ; vertical-align: middle; vertical-align: bottom ; "> </td>
  910. <td style="width:9.94px;;border-bottom: solid black 1pt ; "> </td>
  911. </tr>
  912. <tr>
  913. <td colspan="2" style="width:278.94px;;text-align: left ; vertical-align: middle; "><strong>ROTE</strong></td>
  914. <td style="width:100.40px;;text-align: right ; vertical-align: middle; "><strong>9.6%</strong></td>
  915. <td style="width:90.34px;;text-align: right ; vertical-align: middle; "><strong>22.5%</strong></td>
  916. <td style="width:9.94px;;vertical-align: bottom ; "> </td>
  917. </tr>
  918. <tr>
  919. <td> </td>
  920. <td> </td>
  921. <td> </td>
  922. <td> </td>
  923. <td> </td>
  924. </tr>
  925. </table>
  926. <p />
  927. <p align="justify">CRR2/CRD5 prudential capital ratios and Risk Weighted Assets</p>
  928. <table style="border-collapse: collapse; width:411.9pt; border-collapse:collapse ;">
  929. <tr>
  930. <td style="width:263.87px;;text-align: left ; vertical-align: middle; "><strong>in EUR million</strong></td>
  931. <td style="width:137.87px;;text-align: right ; vertical-align: middle; "><strong>31 March 2024</strong></td>
  932. <td style="width:147.47px;;text-align: right ; vertical-align: middle; "><strong>31 December 2023</strong></td>
  933. </tr>
  934. <tr>
  935. <td style="width:263.87px;;text-align: left ; vertical-align: middle; ">Group shareholder’s equity </td>
  936. <td style="width:137.87px;;text-align: right ; vertical-align: middle; ">11,062</td>
  937. <td style="width:147.47px;;text-align: right ; vertical-align: middle; ">10,826</td>
  938. </tr>
  939. <tr>
  940. <td style="width:263.87px;;text-align: left ; vertical-align: middle; ">AT1 capital</td>
  941. <td style="width:137.87px;;text-align: right ; vertical-align: middle; ">(750)</td>
  942. <td style="width:147.47px;;text-align: right ; vertical-align: middle; ">(750)</td>
  943. </tr>
  944. <tr>
  945. <td style="width:263.87px;;text-align: left ; vertical-align: middle; ">Dividend provision &amp; interest on AT1 capital<sup>36</sup></td>
  946. <td style="width:137.87px;;text-align: right ; vertical-align: middle; ">(524)</td>
  947. <td style="width:147.47px;;text-align: right ; vertical-align: middle; ">(423)</td>
  948. </tr>
  949. <tr>
  950. <td style="width:263.87px;;text-align: left ; vertical-align: middle; ">Goodwill and intangible</td>
  951. <td style="width:137.87px;;text-align: right ; vertical-align: middle; ">(2,702)</td>
  952. <td style="width:147.47px;;text-align: right ; vertical-align: middle; "> (2,695)</td>
  953. </tr>
  954. <tr>
  955. <td style="width:263.87px;;text-align: left ; vertical-align: middle; ">Deductions and regulatory adjustments</td>
  956. <td style="width:137.87px;;text-align: right ; vertical-align: middle; ">153</td>
  957. <td style="width:147.47px;;text-align: right ; vertical-align: middle; ">183</td>
  958. </tr>
  959. <tr>
  960. <td style="width:263.87px;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: left ; vertical-align: middle; "><strong>Common Equity Tier 1 capital</strong></td>
  961. <td style="width:137.87px;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; "><strong>7,239</strong></td>
  962. <td style="width:147.47px;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; "><strong>7,141</strong></td>
  963. </tr>
  964. <tr>
  965. <td style="width:263.87px;;text-align: left ; vertical-align: middle; ">AT1 capital</td>
  966. <td style="width:137.87px;;text-align: right ; vertical-align: middle; ">750</td>
  967. <td style="width:147.47px;;text-align: right ; vertical-align: middle; ">750</td>
  968. </tr>
  969. <tr>
  970. <td style="width:263.87px;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: left ; vertical-align: middle; "><strong>Tier 1 capital</strong></td>
  971. <td style="width:137.87px;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; "><strong>7,989</strong></td>
  972. <td style="width:147.47px;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; "><strong>7,891</strong></td>
  973. </tr>
  974. <tr>
  975. <td style="width:263.87px;;text-align: left ; vertical-align: middle; ">Tier 2 capital</td>
  976. <td style="width:137.87px;;text-align: right ; vertical-align: middle; ">1,500</td>
  977. <td style="width:147.47px;;text-align: right ; vertical-align: middle; ">1,500</td>
  978. </tr>
  979. <tr>
  980. <td style="width:263.87px;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: left ; vertical-align: middle; "><strong>Total capital (Tier 1 + Tier 2)</strong></td>
  981. <td style="width:137.87px;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; "><strong>9,489</strong></td>
  982. <td style="width:147.47px;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; "><strong>9,391</strong></td>
  983. </tr>
  984. <tr>
  985. <td style="width:263.87px;;border-bottom: solid black 1pt ; text-align: left ; vertical-align: middle; "> </td>
  986. <td style="width:137.87px;;border-bottom: solid black 1pt ; "> </td>
  987. <td style="width:147.47px;;border-bottom: solid black 1pt ; text-align: left ; vertical-align: middle; "> </td>
  988. </tr>
  989. <tr>
  990. <td style="width:263.87px;;border-right: solid black 1pt ; border-left: solid black 1pt ; text-align: left ; vertical-align: middle; "><strong>Risk-Weighted Assets</strong></td>
  991. <td style="width:137.87px;;border-right: solid black 1pt ; text-align: right ; vertical-align: middle; "><strong>58,981</strong></td>
  992. <td style="width:147.47px;;border-right: solid black 1pt ; text-align: right ; vertical-align: middle; "><strong>57,377</strong></td>
  993. </tr>
  994. <tr>
  995. <td style="width:263.87px;;vertical-align: middle; text-align: left; padding-left: 30.0px; border-right: solid black 1pt ; border-left: solid black 1pt ; text-align: left ; vertical-align: middle; ">Credit Risk Weighted Assets</td>
  996. <td style="width:137.87px;;border-right: solid black 1pt ; text-align: right ; vertical-align: middle; ">49,770</td>
  997. <td style="width:147.47px;;border-right: solid black 1pt ; text-align: right ; vertical-align: middle; ">49,034</td>
  998. </tr>
  999. <tr>
  1000. <td style="width:263.87px;;vertical-align: middle; text-align: left; padding-left: 30.0px; border-right: solid black 1pt ; border-left: solid black 1pt ; text-align: left ; vertical-align: middle; ">Market Risk Weighted Assets</td>
  1001. <td style="width:137.87px;;border-right: solid black 1pt ; text-align: right ; vertical-align: middle; ">2,394</td>
  1002. <td style="width:147.47px;;border-right: solid black 1pt ; text-align: right ; vertical-align: middle; ">1,993</td>
  1003. </tr>
  1004. <tr>
  1005. <td style="width:263.87px;;vertical-align: middle; text-align: left; padding-left: 30.0px; border-right: solid black 1pt ; border-left: solid black 1pt ; text-align: left ; vertical-align: middle; ">Operational Risk Weighted Assets</td>
  1006. <td style="width:137.87px;;border-right: solid black 1pt ; text-align: right ; vertical-align: middle; ">6,818</td>
  1007. <td style="width:147.47px;;border-right: solid black 1pt ; text-align: right ; vertical-align: middle; ">6,350</td>
  1008. </tr>
  1009. <tr>
  1010. <td style="width:263.87px;;border-right: solid black 1pt ; border-left: solid black 1pt ; text-align: left ; vertical-align: middle; "> </td>
  1011. <td style="width:137.87px;;border-right: solid black 1pt ; "> </td>
  1012. <td style="width:147.47px;;border-right: solid black 1pt ; "> </td>
  1013. </tr>
  1014. <tr>
  1015. <td style="width:263.87px;;border-right: solid black 1pt ; border-left: solid black 1pt ; text-align: left ; vertical-align: middle; ">Common Equity Tier 1 ratio</td>
  1016. <td style="width:137.87px;;border-right: solid black 1pt ; text-align: right ; vertical-align: middle; ">12.3%</td>
  1017. <td style="width:147.47px;;border-right: solid black 1pt ; text-align: right ; vertical-align: middle; ">12.5%</td>
  1018. </tr>
  1019. <tr>
  1020. <td style="width:263.87px;;border-right: solid black 1pt ; border-left: solid black 1pt ; text-align: left ; vertical-align: middle; ">Tier 1 ratio</td>
  1021. <td style="width:137.87px;;border-right: solid black 1pt ; text-align: right ; vertical-align: middle; ">13.5%</td>
  1022. <td style="width:147.47px;;border-right: solid black 1pt ; text-align: right ; vertical-align: middle; ">13.8%</td>
  1023. </tr>
  1024. <tr>
  1025. <td style="width:263.87px;;border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; text-align: left ; vertical-align: middle; ">Total Capital ratio</td>
  1026. <td style="width:137.87px;;border-right: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">16.1%</td>
  1027. <td style="width:147.47px;;border-right: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">16.4%</td>
  1028. </tr>
  1029. </table>
  1030. <p> </p>
  1031. <p align="justify">Tangible book value per share</p>
  1032. <table style="border-collapse: collapse; width:18cm; border-collapse:collapse ;">
  1033. <tr>
  1034. <td style="width:401.07px;;text-align: left ; vertical-align: middle; "><strong>in EUR million</strong></td>
  1035. <td style="width:137.60px;;text-align: right ; vertical-align: middle; "><strong>31 March 2024</strong></td>
  1036. <td style="width:141.74px;;text-align: right ; vertical-align: middle; "><strong>31 December 2023</strong></td>
  1037. </tr>
  1038. <tr>
  1039. <td style="width:401.07px;;text-align: left ; vertical-align: middle; vertical-align: top ; "><strong>Group shareholders&#8217; equity</strong></td>
  1040. <td style="width:137.60px;;text-align: right ; vertical-align: middle; "><strong>11,062.1</strong></td>
  1041. <td style="width:141.74px;;text-align: right ; vertical-align: middle; "><strong>10,826.1</strong></td>
  1042. </tr>
  1043. <tr>
  1044. <td style="width:401.07px;;text-align: left ; vertical-align: middle; vertical-align: top ; ">Deeply subordinated and undated subordinated notes</td>
  1045. <td style="width:137.60px;;text-align: right ; vertical-align: middle; "> (750.0)</td>
  1046. <td style="width:141.74px;;text-align: right ; vertical-align: middle; "> (750.0)</td>
  1047. </tr>
  1048. <tr>
  1049. <td style="width:401.07px;;text-align: left ; vertical-align: middle; vertical-align: top ; ">Interest of deeply subordinated and undated subordinated notes</td>
  1050. <td style="width:137.60px;;text-align: right ; vertical-align: middle; "> (55.4)</td>
  1051. <td style="width:141.74px;;text-align: right ; vertical-align: middle; "> (37.2)</td>
  1052. </tr>
  1053. <tr>
  1054. <td style="width:401.07px;;text-align: left ; vertical-align: middle; vertical-align: top ; ">Book value of treasury shares</td>
  1055. <td style="width:137.60px;;text-align: right ; vertical-align: middle; ">18.1 </td>
  1056. <td style="width:141.74px;;text-align: right ; vertical-align: middle; ">18.2 </td>
  1057. </tr>
  1058. <tr>
  1059. <td style="width:401.07px;;text-align: left ; vertical-align: middle; vertical-align: bottom ; "><strong>Net Asset Value (NAV)</strong></td>
  1060. <td style="width:137.60px;;text-align: right ; vertical-align: middle; "><strong>10,274.8</strong></td>
  1061. <td style="width:141.74px;;text-align: right ; vertical-align: middle; "><strong>10,057.1</strong></td>
  1062. </tr>
  1063. <tr>
  1064. <td style="width:401.07px;;text-align: left ; vertical-align: middle; vertical-align: bottom ; ">Goodwill</td>
  1065. <td style="width:137.60px;;text-align: right ; vertical-align: middle; ">(1990.9)</td>
  1066. <td style="width:141.74px;;text-align: right ; vertical-align: middle; "> (1,990.9)</td>
  1067. </tr>
  1068. <tr>
  1069. <td style="width:401.07px;;text-align: left ; vertical-align: middle; vertical-align: bottom ; ">Intangible assets</td>
  1070. <td style="width:137.60px;;text-align: right ; vertical-align: middle; "> (711.0)</td>
  1071. <td style="width:141.74px;;text-align: right ; vertical-align: middle; "> (703.9)</td>
  1072. </tr>
  1073. <tr>
  1074. <td style="width:401.07px;;text-align: left ; vertical-align: middle; vertical-align: bottom ; "><strong>Net Tangible Asset Value (NTAV)</strong></td>
  1075. <td style="width:137.60px;;text-align: right ; vertical-align: middle; ">              <strong>7 ,572.9 </strong></td>
  1076. <td style="width:141.74px;;text-align: right ; vertical-align: middle; "><strong>              7 362.3 </strong></td>
  1077. </tr>
  1078. <tr>
  1079. <td style="width:401.07px;;text-align: left ; vertical-align: middle; vertical-align: bottom ; ">Number of shares<sup> 37</sup></td>
  1080. <td style="width:137.60px;;text-align: right ; vertical-align: middle; ">815, 977, 382</td>
  1081. <td style="width:141.74px;;text-align: right ; vertical-align: middle; ">815, 691 ,541</td>
  1082. </tr>
  1083. <tr>
  1084. <td style="width:401.07px;;text-align: left ; vertical-align: middle; vertical-align: bottom ; ">NAV per share</td>
  1085. <td style="width:137.60px;;text-align: right ; vertical-align: middle; ">12.59</td>
  1086. <td style="width:141.74px;;text-align: right ; vertical-align: middle; ">12.33</td>
  1087. </tr>
  1088. <tr>
  1089. <td style="width:401.07px;;text-align: left ; vertical-align: middle; "><strong>NTAV per share</strong></td>
  1090. <td style="width:137.60px;;text-align: right ; vertical-align: middle; vertical-align: bottom ; "><strong>                           9.28 </strong></td>
  1091. <td style="width:141.74px;;text-align: right ; vertical-align: middle; vertical-align: bottom ; "><strong>9.03</strong></td>
  1092. </tr>
  1093. <tr>
  1094. <td style="width:401.07px;;text-align: left ; vertical-align: middle; vertical-align: bottom ; ">Net Tangible Asset Value (NTAV) after dividend provision<sup>38</sup></td>
  1095. <td style="width:137.60px;;text-align: right ; vertical-align: middle; ">7,104.6</td>
  1096. <td style="width:141.74px;;text-align: right ; vertical-align: middle; ">6,978.7</td>
  1097. </tr>
  1098. <tr>
  1099. <td style="width:401.07px;;text-align: left ; vertical-align: middle; ">NTAV per share after dividend provision</td>
  1100. <td style="width:137.60px;;text-align: right ; vertical-align: middle; vertical-align: top ; ">8.71</td>
  1101. <td style="width:141.74px;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">8.56</td>
  1102. </tr>
  1103. </table>
  1104. <p> </p>
  1105. <p align="justify">Capital requirements</p>
  1106. <table style="border-collapse: collapse; margin-left:0; width:446.55pt; border-collapse:collapse ;">
  1107. <tr>
  1108. <td style="width:170.74px;;vertical-align: middle; text-align: left; padding-left: 10.0px; vertical-align: top ; "> </td>
  1109. <td style="width:104.00px;;vertical-align: middle; text-align: left; padding-left: 10.0px; text-align: center ; vertical-align: middle; "><strong>Q1 2024</strong></td>
  1110. <td style="width:103.94px;;vertical-align: middle; text-align: left; padding-left: 10.0px; text-align: center ; vertical-align: middle; "><strong>Q2 2024</strong></td>
  1111. <td style="width:103.34px;;vertical-align: middle; text-align: left; padding-left: 10.0px; text-align: center ; vertical-align: middle; "><strong>Q3 2024</strong></td>
  1112. <td style="width:3cm;;vertical-align: middle; text-align: left; padding-left: 10.0px; text-align: center ; vertical-align: middle; "><strong>Q4 2024</strong></td>
  1113. </tr>
  1114. <tr>
  1115. <td style="width:170.74px;;vertical-align: middle; text-align: left; padding-left: 10.0px; text-align: center ; vertical-align: middle; "><strong>Maximum Distributable Amount<sup>39</sup></strong></td>
  1116. <td style="width:104.00px;;vertical-align: middle; text-align: left; padding-left: 10.0px; text-align: center ; vertical-align: middle; "><strong>9.21%</strong></td>
  1117. <td style="width:103.94px;;vertical-align: middle; text-align: left; padding-left: 10.0px; text-align: center ; vertical-align: middle; "><strong>9.52%</strong></td>
  1118. <td style="width:103.34px;;vertical-align: middle; text-align: left; padding-left: 10.0px; text-align: center ; vertical-align: middle; "><strong>9.54%</strong></td>
  1119. <td style="width:3cm;;vertical-align: middle; text-align: left; padding-left: 10.0px; text-align: center ; vertical-align: middle; "><strong>9.54%</strong></td>
  1120. </tr>
  1121. </table>
  1122. <p> </p>
  1123. <p align="justify"><b>Quarterly series</b></p>
  1124. <table style="border-collapse: collapse; width:758.4pt; border-collapse:collapse ;">
  1125. <tr>
  1126. <td colspan="4" style="width:272.14px;;vertical-align: middle; text-align: left; padding-left: 10.0px; text-align: left ; vertical-align: middle; "><strong>(in EUR million)<sup>40</sup></strong></td>
  1127. <td colspan="2" style="width:83.14px;;text-align: right ; vertical-align: middle; "><strong>Q1 2022<sup>41</sup></strong></td>
  1128. <td colspan="2" style="width:83.14px;;text-align: right ; vertical-align: middle; "><strong>Q2 2022<sup>41</sup></strong></td>
  1129. <td colspan="2" style="width:83.14px;;text-align: right ; vertical-align: middle; "><strong>Q3 2022</strong><strong><sup>41</sup></strong></td>
  1130. <td colspan="2" style="width:83.14px;;text-align: right ; vertical-align: middle; "><strong>Q4 2022</strong><strong><sup>41</sup></strong></td>
  1131. <td colspan="2" style="width:83.14px;;text-align: right ; vertical-align: middle; "><strong>Q1 2023 </strong></td>
  1132. <td style="width:83.14px;;text-align: right ; vertical-align: middle; "><strong>Q2 2023<sup>42</sup><sup>43</sup> </strong></td>
  1133. <td style="width:83.14px;;text-align: right ; vertical-align: middle; "><strong>Q3 2023</strong><strong><sup>42</sup></strong></td>
  1134. <td style="width:83.14px;;text-align: right ; vertical-align: middle; "><strong>Q4 2023</strong><strong><sup>42</sup></strong></td>
  1135. <td style="width:74.00px;;text-align: right ; vertical-align: middle; "><strong>Q1 2024</strong></td>
  1136. </tr>
  1137. <tr>
  1138. <td colspan="4" style="width:272.14px;;vertical-align: middle; text-align: left; padding-left: 10.0px; text-align: left ; vertical-align: middle; ">Leasing Contract Margin</td>
  1139. <td colspan="2" style="width:83.14px;;text-align: right ; vertical-align: middle; ">171.4</td>
  1140. <td colspan="2" style="width:83.14px;;text-align: right ; vertical-align: middle; ">308.1</td>
  1141. <td colspan="2" style="width:83.14px;;text-align: right ; vertical-align: middle; ">273.4</td>
  1142. <td colspan="2" style="width:83.14px;;text-align: right ; vertical-align: middle; ">428.1</td>
  1143. <td colspan="2" style="width:83.14px;;text-align: right ; vertical-align: middle; ">367.1</td>
  1144. <td style="width:83.14px;;text-align: right ; vertical-align: middle; ">387.5</td>
  1145. <td style="width:83.14px;;text-align: right ; vertical-align: middle; ">341.6</td>
  1146. <td style="width:83.14px;;text-align: right ; vertical-align: middle; ">165.8</td>
  1147. <td style="width:74.00px;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">282.4</td>
  1148. </tr>
  1149. <tr>
  1150. <td colspan="4" style="width:272.14px;;vertical-align: middle; text-align: left; padding-left: 10.0px; text-align: left ; vertical-align: middle; ">Services Margin</td>
  1151. <td colspan="2" style="width:83.14px;;text-align: right ; vertical-align: middle; ">160.0</td>
  1152. <td colspan="2" style="width:83.14px;;text-align: right ; vertical-align: middle; ">172.6</td>
  1153. <td colspan="2" style="width:83.14px;;text-align: right ; vertical-align: middle; ">185.1</td>
  1154. <td colspan="2" style="width:83.14px;;text-align: right ; vertical-align: middle; ">197.3</td>
  1155. <td colspan="2" style="width:83.14px;;text-align: right ; vertical-align: middle; ">174.1</td>
  1156. <td style="width:83.14px;;text-align: right ; vertical-align: middle; ">311.4</td>
  1157. <td style="width:83.14px;;text-align: right ; vertical-align: middle; ">425.4</td>
  1158. <td style="width:83.14px;;text-align: right ; vertical-align: middle; ">443.3</td>
  1159. <td style="width:74.00px;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">424.2</td>
  1160. </tr>
  1161. <tr>
  1162. <td colspan="4" style="width:272.14px;;vertical-align: middle; text-align: left; padding-left: 20.0px; text-align: left ; vertical-align: middle; "><strong><em>Leasing Contract and Services Margins</em></strong></td>
  1163. <td colspan="2" style="width:83.14px;;text-align: right ; vertical-align: middle; "><strong><em>331.5</em></strong></td>
  1164. <td colspan="2" style="width:83.14px;;text-align: right ; vertical-align: middle; "><strong><em>480.8</em></strong></td>
  1165. <td colspan="2" style="width:83.14px;;text-align: right ; vertical-align: middle; "><strong><em>458.6</em></strong></td>
  1166. <td colspan="2" style="width:83.14px;;text-align: right ; vertical-align: middle; "><strong><em>625.5</em></strong></td>
  1167. <td colspan="2" style="width:83.14px;;text-align: right ; vertical-align: middle; "><strong><em>541.1</em></strong></td>
  1168. <td style="width:83.14px;;text-align: right ; vertical-align: middle; "><strong><em>698.9</em></strong></td>
  1169. <td style="width:83.14px;;text-align: right ; vertical-align: middle; "><strong><em>767.0</em></strong></td>
  1170. <td style="width:83.14px;;text-align: right ; vertical-align: middle; "><strong><em>609.1</em></strong></td>
  1171. <td style="width:74.00px;;text-align: right ; vertical-align: middle; vertical-align: bottom ; "><strong><em>706.6</em></strong></td>
  1172. </tr>
  1173. <tr>
  1174. <td colspan="4" style="width:272.14px;;vertical-align: middle; text-align: left; padding-left: 10.0px; border-bottom: solid black 1pt ; text-align: left ; vertical-align: middle; ">Used Car Sales result</td>
  1175. <td colspan="2" style="width:83.14px;;border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">215.2</td>
  1176. <td colspan="2" style="width:83.14px;;border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">217.4</td>
  1177. <td colspan="2" style="width:83.14px;;border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">191.0</td>
  1178. <td colspan="2" style="width:83.14px;;border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">123.9</td>
  1179. <td colspan="2" style="width:83.14px;;border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">190.5</td>
  1180. <td style="width:83.14px;;border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">87.0</td>
  1181. <td style="width:83.14px;;border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">75.5</td>
  1182. <td style="width:83.14px;;border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; "> (3.5)</td>
  1183. <td style="width:74.00px;;border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">95.0</td>
  1184. </tr>
  1185. <tr>
  1186. <td colspan="4" style="width:272.14px;;vertical-align: middle; text-align: left; padding-left: 10.0px; border-bottom: solid black 1pt ; text-align: left ; vertical-align: middle; "><strong>Gross Operating Income</strong></td>
  1187. <td colspan="2" style="width:83.14px;;border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; "><strong>546.7</strong></td>
  1188. <td colspan="2" style="width:83.14px;;border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; "><strong>698.2</strong></td>
  1189. <td colspan="2" style="width:83.14px;;border-right: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; "><strong>649.6</strong></td>
  1190. <td colspan="2" style="width:83.14px;;border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; "><strong>749.4</strong></td>
  1191. <td colspan="2" style="width:83.14px;;border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; "><strong>731.6</strong></td>
  1192. <td style="width:83.14px;;border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; "><strong>785.9</strong></td>
  1193. <td style="width:83.14px;;border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; "><strong>842.5</strong></td>
  1194. <td style="width:83.14px;;border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; "><strong>605.6</strong></td>
  1195. <td style="width:74.00px;;border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; "><strong>801.7</strong></td>
  1196. </tr>
  1197. <tr>
  1198. <td colspan="4" style="width:272.14px;;vertical-align: middle; text-align: left; padding-left: 10.0px; text-align: left ; vertical-align: middle; ">Total Operating Expenses</td>
  1199. <td colspan="2" style="width:83.14px;;text-align: right ; vertical-align: middle; "> (187.5)</td>
  1200. <td colspan="2" style="width:83.14px;;text-align: right ; vertical-align: middle; "> (216.2)</td>
  1201. <td colspan="2" style="width:83.14px;;text-align: right ; vertical-align: middle; "> (219.4)</td>
  1202. <td colspan="2" style="width:83.14px;;text-align: right ; vertical-align: middle; "> (259.6)</td>
  1203. <td colspan="2" style="width:83.14px;;text-align: right ; vertical-align: middle; "> (260.5)</td>
  1204. <td style="width:83.14px;;text-align: right ; vertical-align: middle; "> (369.7)</td>
  1205. <td style="width:83.14px;;text-align: right ; vertical-align: middle; "> (444.5)</td>
  1206. <td style="width:83.14px;;text-align: right ; vertical-align: middle; "> (516.9)</td>
  1207. <td style="width:74.00px;;text-align: right ; vertical-align: middle; vertical-align: bottom ; "> (489.6)</td>
  1208. </tr>
  1209. <tr>
  1210. <td colspan="4" style="width:272.14px;;vertical-align: middle; text-align: left; padding-left: 10.0px; text-align: left ; vertical-align: middle; ">Impairment Charges on Receivables</td>
  1211. <td colspan="2" style="width:83.14px;;text-align: right ; vertical-align: middle; "> (7.9)</td>
  1212. <td colspan="2" style="width:83.14px;;text-align: right ; vertical-align: middle; "> (11.0)</td>
  1213. <td colspan="2" style="width:83.14px;;text-align: right ; vertical-align: middle; "> (13.5)</td>
  1214. <td colspan="2" style="width:83.14px;;text-align: right ; vertical-align: middle; "> (13.8)</td>
  1215. <td colspan="2" style="width:83.14px;;text-align: right ; vertical-align: middle; "> (8.8)</td>
  1216. <td style="width:83.14px;;text-align: right ; vertical-align: middle; "> (15.7)</td>
  1217. <td style="width:83.14px;;text-align: right ; vertical-align: middle; "> (21.8)</td>
  1218. <td style="width:83.14px;;text-align: right ; vertical-align: middle; "> (24.4)</td>
  1219. <td style="width:74.00px;;text-align: right ; vertical-align: middle; vertical-align: bottom ; "> (33.1)</td>
  1220. </tr>
  1221. <tr>
  1222. <td colspan="4" style="width:272.14px;;vertical-align: middle; text-align: left; padding-left: 10.0px; text-align: left ; vertical-align: middle; ">Non-Recurring Income (Expenses)</td>
  1223. <td colspan="2" style="width:83.14px;;text-align: right ; vertical-align: middle; ">0.0</td>
  1224. <td colspan="2" style="width:83.14px;;text-align: right ; vertical-align: middle; ">0.0</td>
  1225. <td colspan="2" style="width:83.14px;;text-align: right ; vertical-align: middle; ">0.0</td>
  1226. <td colspan="2" style="width:83.14px;;text-align: right ; vertical-align: middle; "> (50.6)</td>
  1227. <td colspan="2" style="width:83.14px;;text-align: right ; vertical-align: middle; "> (20.6)</td>
  1228. <td style="width:83.14px;;text-align: right ; vertical-align: middle; ">33.1</td>
  1229. <td style="width:83.14px;;text-align: right ; vertical-align: middle; "> (12.4)</td>
  1230. <td style="width:83.14px;;text-align: right ; vertical-align: middle; "> (14.1)</td>
  1231. <td style="width:74.00px;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">9.0</td>
  1232. </tr>
  1233. <tr>
  1234. <td colspan="4" style="width:272.14px;;vertical-align: middle; text-align: left; padding-left: 10.0px; border-bottom: solid black 1pt ; text-align: left ; vertical-align: middle; ">Share of profit of associates and jointly controlled entities</td>
  1235. <td colspan="2" style="width:83.14px;;border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">0.9</td>
  1236. <td colspan="2" style="width:83.14px;;border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">0.2</td>
  1237. <td colspan="2" style="width:83.14px;;border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">0.3</td>
  1238. <td colspan="2" style="width:83.14px;;border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">0.3</td>
  1239. <td colspan="2" style="width:83.14px;;border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">0.8</td>
  1240. <td style="width:83.14px;;border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">0.8</td>
  1241. <td style="width:83.14px;;border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">3.3</td>
  1242. <td style="width:83.14px;;border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">1.6</td>
  1243. <td style="width:74.00px;;border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">1.5</td>
  1244. </tr>
  1245. <tr>
  1246. <td colspan="4" style="width:272.14px;;vertical-align: middle; text-align: left; padding-left: 10.0px; border-bottom: solid black 1pt ; text-align: left ; vertical-align: middle; "><strong>Profit Before Tax</strong></td>
  1247. <td colspan="2" style="width:83.14px;;border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; "><strong>352.2</strong></td>
  1248. <td colspan="2" style="width:83.14px;;border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; "><strong>471.2</strong></td>
  1249. <td colspan="2" style="width:83.14px;;border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; "><strong>417.1</strong></td>
  1250. <td colspan="2" style="width:83.14px;;border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; "><strong>425.7</strong></td>
  1251. <td colspan="2" style="width:83.14px;;border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; "><strong>442.6</strong></td>
  1252. <td style="width:83.14px;;border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; "><strong>434.3</strong></td>
  1253. <td style="width:83.14px;;border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; "><strong>367.1</strong></td>
  1254. <td style="width:83.14px;;border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; "><strong>51.8</strong></td>
  1255. <td style="width:74.00px;;border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; "><strong>289.4</strong></td>
  1256. </tr>
  1257. <tr>
  1258. <td colspan="4" style="width:272.14px;;vertical-align: middle; text-align: left; padding-left: 10.0px; text-align: left ; vertical-align: middle; ">Income tax expense</td>
  1259. <td colspan="2" style="width:83.14px;;text-align: right ; vertical-align: middle; "> (92.4)</td>
  1260. <td colspan="2" style="width:83.14px;;text-align: right ; vertical-align: middle; "> (116.6)</td>
  1261. <td colspan="2" style="width:83.14px;;text-align: right ; vertical-align: middle; "> (98.3)</td>
  1262. <td colspan="2" style="width:83.14px;;text-align: right ; vertical-align: middle; "> (138.8)</td>
  1263. <td colspan="2" style="width:83.14px;;text-align: right ; vertical-align: middle; "> (125.6)</td>
  1264. <td style="width:83.14px;;text-align: right ; vertical-align: middle; "> (101.4)</td>
  1265. <td style="width:83.14px;;text-align: right ; vertical-align: middle; "> (134.0)</td>
  1266. <td style="width:83.14px;;text-align: right ; vertical-align: middle; "> (13.0)</td>
  1267. <td style="width:74.00px;;text-align: right ; vertical-align: middle; vertical-align: bottom ; "> (90.5)</td>
  1268. </tr>
  1269. <tr>
  1270. <td colspan="4" style="width:272.14px;;vertical-align: middle; text-align: left; padding-left: 10.0px; text-align: left ; vertical-align: middle; ">Result from discontinued operations</td>
  1271. <td colspan="2" style="width:83.14px;;text-align: right ; vertical-align: middle; ">0.0</td>
  1272. <td colspan="2" style="width:83.14px;;text-align: right ; vertical-align: middle; ">0.0</td>
  1273. <td colspan="2" style="width:83.14px;;text-align: right ; vertical-align: middle; ">0.0</td>
  1274. <td colspan="2" style="width:83.14px;;text-align: right ; vertical-align: middle; ">0.0</td>
  1275. <td colspan="2" style="width:83.14px;;text-align: right ; vertical-align: middle; ">0.0</td>
  1276. <td style="width:83.14px;;text-align: right ; vertical-align: middle; "> (91.3)</td>
  1277. <td style="width:83.14px;;text-align: right ; vertical-align: middle; ">14.0</td>
  1278. <td style="width:83.14px;;text-align: right ; vertical-align: middle; "> (0.2)</td>
  1279. <td style="width:74.00px;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">0.0</td>
  1280. </tr>
  1281. <tr>
  1282. <td colspan="4" style="width:272.14px;;vertical-align: middle; text-align: left; padding-left: 10.0px; border-bottom: solid black 1pt ; text-align: left ; vertical-align: middle; ">Non-controlling interests</td>
  1283. <td colspan="2" style="width:83.14px;;border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; "> (2.2)</td>
  1284. <td colspan="2" style="width:83.14px;;border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">0.5</td>
  1285. <td colspan="2" style="width:83.14px;;border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; "> (0.8)</td>
  1286. <td colspan="2" style="width:83.14px;;border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; "> (7.2)</td>
  1287. <td colspan="2" style="width:83.14px;;border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; "> (1.5)</td>
  1288. <td style="width:83.14px;;border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; "> (4.8)</td>
  1289. <td style="width:83.14px;;border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; "> (11.2)</td>
  1290. <td style="width:83.14px;;border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; "> (10.4)</td>
  1291. <td style="width:74.00px;;border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; "> (11.1)</td>
  1292. </tr>
  1293. <tr>
  1294. <td colspan="4" style="width:272.14px;;vertical-align: middle; text-align: left; padding-left: 10.0px; border-bottom: solid black 1pt ; text-align: left ; vertical-align: middle; "><strong>Net Income (Group share)</strong></td>
  1295. <td colspan="2" style="width:83.14px;;border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; "><strong>257.7</strong></td>
  1296. <td colspan="2" style="width:83.14px;;border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; "><strong>355.1</strong></td>
  1297. <td colspan="2" style="width:83.14px;;border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; "><strong>318.0</strong></td>
  1298. <td colspan="2" style="width:83.14px;;border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; "><strong>284.7</strong></td>
  1299. <td colspan="2" style="width:83.14px;;border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; "><strong>315.5</strong></td>
  1300. <td style="width:83.14px;;border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; "><strong>236.7</strong></td>
  1301. <td style="width:83.14px;;border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; "><strong>235.9</strong></td>
  1302. <td style="width:83.14px;;border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; "><strong>28.2</strong></td>
  1303. <td style="width:74.00px;;border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; "><strong>187.8</strong></td>
  1304. </tr>
  1305. <tr>
  1306. <td style="width:83.14px;;text-align: right ; vertical-align: middle; "> </td>
  1307. <td style="width:83.14px;;text-align: right ; vertical-align: middle; "> </td>
  1308. <td style="width:83.14px;;text-align: right ; vertical-align: middle; "> </td>
  1309. <td colspan="2" style="width:83.14px;;text-align: right ; vertical-align: middle; "> </td>
  1310. <td colspan="2" style="width:83.14px;;text-align: right ; vertical-align: middle; "> </td>
  1311. <td colspan="2" style="width:83.14px;;text-align: right ; vertical-align: middle; "> </td>
  1312. <td colspan="2" style="width:83.14px;;text-align: right ; vertical-align: middle; "> </td>
  1313. <td colspan="2" style="width:83.14px;;text-align: right ; vertical-align: middle; "> </td>
  1314. <td colspan="5" style="text-align: justify ; vertical-align: middle; "> </td>
  1315. </tr>
  1316. <tr>
  1317. <td colspan="4" style="width:272.14px;;vertical-align: middle; text-align: left; padding-left: 10.0px; text-align: left ; vertical-align: middle; "><strong>(in &#8216;000)</strong></td>
  1318. <td colspan="2" style="width:83.14px;;text-align: right ; vertical-align: middle; "><strong>31.03.2022</strong></td>
  1319. <td colspan="2" style="width:83.14px;;text-align: right ; vertical-align: middle; "><strong>30.06.2022</strong></td>
  1320. <td colspan="2" style="width:83.14px;;text-align: right ; vertical-align: middle; "><strong>30.09.2022</strong></td>
  1321. <td colspan="2" style="width:83.14px;;text-align: right ; vertical-align: middle; "><strong>31.12.2022</strong></td>
  1322. <td colspan="2" style="width:83.14px;;text-align: right ; vertical-align: middle; "><strong>31.03.2023</strong></td>
  1323. <td style="width:83.14px;;text-align: right ; vertical-align: middle; "><strong>30.06.2023</strong></td>
  1324. <td style="width:83.14px;;text-align: right ; vertical-align: middle; "><strong>30.09.2023</strong></td>
  1325. <td style="width:83.14px;;text-align: right ; vertical-align: middle; "><strong>31.12.2023</strong></td>
  1326. <td style="width:74.00px;;text-align: right ; vertical-align: middle; vertical-align: top ; "><strong>31.12.2024</strong></td>
  1327. </tr>
  1328. <tr>
  1329. <td colspan="4" style="width:272.14px;;vertical-align: middle; text-align: left; padding-left: 10.0px; border-bottom: solid black 1pt ; text-align: left ; vertical-align: middle; "><strong>Total Contracts</strong></td>
  1330. <td colspan="2" style="width:83.14px;;border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; "><strong>1,737</strong></td>
  1331. <td colspan="2" style="width:83.14px;;border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; "><strong>1,761</strong></td>
  1332. <td colspan="2" style="width:83.14px;;border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; "><strong>1,762</strong></td>
  1333. <td colspan="2" style="width:83.14px;;border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; "><strong>1,806</strong></td>
  1334. <td colspan="2" style="width:83.14px;;border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; "><strong>1,815</strong></td>
  1335. <td style="width:83.14px;;border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; "><strong>3,496</strong></td>
  1336. <td style="width:83.14px;;border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; "><strong>3,394</strong></td>
  1337. <td style="width:83.14px;;border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; "><strong>3,420</strong></td>
  1338. <td style="width:74.00px;;border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; "><strong>3,386</strong></td>
  1339. </tr>
  1340. <tr>
  1341. <td colspan="4" style="width:272.14px;;vertical-align: middle; text-align: left; padding-left: 20.0px; text-align: left ; vertical-align: middle; "><em>Full service leasing contracts</em></td>
  1342. <td colspan="2" style="width:83.14px;;text-align: right ; vertical-align: middle; "><em>1,436</em></td>
  1343. <td colspan="2" style="width:83.14px;;text-align: right ; vertical-align: middle; "><em>1,448</em></td>
  1344. <td colspan="2" style="width:83.14px;;text-align: right ; vertical-align: middle; "><em>1,454</em></td>
  1345. <td colspan="2" style="width:83.14px;;text-align: right ; vertical-align: middle; "><em>1,464</em></td>
  1346. <td colspan="2" style="width:83.14px;;text-align: right ; vertical-align: middle; "><em>1,473</em></td>
  1347. <td style="width:83.14px;;text-align: right ; vertical-align: middle; "><em>2,755</em></td>
  1348. <td style="width:83.14px;;text-align: right ; vertical-align: middle; "><em>2,692</em></td>
  1349. <td style="width:83.14px;;text-align: right ; vertical-align: middle; "><em>2,709</em></td>
  1350. <td style="width:74.00px;;text-align: right ; vertical-align: middle; "><em>2,699</em></td>
  1351. </tr>
  1352. <tr>
  1353. <td colspan="4" style="width:272.14px;;vertical-align: middle; text-align: left; padding-left: 20.0px; text-align: left ; vertical-align: middle; "><em>Fleet management contracts</em></td>
  1354. <td colspan="2" style="width:83.14px;;text-align: right ; vertical-align: middle; "><em>301</em></td>
  1355. <td colspan="2" style="width:83.14px;;text-align: right ; vertical-align: middle; "><em>313</em></td>
  1356. <td colspan="2" style="width:83.14px;;text-align: right ; vertical-align: middle; "><em>308</em></td>
  1357. <td colspan="2" style="width:83.14px;;text-align: right ; vertical-align: middle; "><em>342</em></td>
  1358. <td colspan="2" style="width:83.14px;;text-align: right ; vertical-align: middle; "><em>342</em></td>
  1359. <td style="width:83.14px;;text-align: right ; vertical-align: middle; "><em>741</em></td>
  1360. <td style="width:83.14px;;text-align: right ; vertical-align: middle; "><em>703</em></td>
  1361. <td style="width:83.14px;;text-align: right ; vertical-align: middle; "><em>710</em></td>
  1362. <td style="width:74.00px;;text-align: right ; vertical-align: middle; "><em>686</em></td>
  1363. </tr>
  1364. <tr>
  1365. <td> </td>
  1366. <td> </td>
  1367. <td> </td>
  1368. <td> </td>
  1369. <td> </td>
  1370. <td> </td>
  1371. <td> </td>
  1372. <td> </td>
  1373. <td> </td>
  1374. <td> </td>
  1375. <td> </td>
  1376. <td> </td>
  1377. <td> </td>
  1378. <td> </td>
  1379. <td> </td>
  1380. <td> </td>
  1381. <td> </td>
  1382. <td> </td>
  1383. </tr>
  1384. </table>
  1385. <p> </p>
  1386. <hr />
  1387. <p align="justify"><sup>1</sup> Impact of LeasePlan’s Purchase Price Allocation (PPA) attributed to each quarter since acquisition closing on 22 May 2023 (instead of the 2023 impact being allocated to Q4 2023 only)</p>
  1388. <p align="justify"><sup>2</sup> Leasing contract and Services margins excluding non-recurring items and LeasePlan’s Purchase Price Allocation (PPA)</p>
  1389. <p align="justify"><sup>3</sup> Management information </p>
  1390. <p align="justify"><sup>4</sup> Excluding UCS result, non-recurring items and impact of PPA</p>
  1391. <p align="justify"><sup>5</sup> Annualized impairment charges on receivables expressed as a percentage of average earning assets </p>
  1392. <p align="justify"><sup>6</sup> Net income group share after deduction of interest on AT1 capital divided by average shareholder equity before non‑controlling interests, goodwill and intangible assets </p>
  1393. <p align="justify"><sup>7</sup> Diluted Earnings per share, calculated according to IAS 33. Basic EPS for Q1 2024 at EUR 0.21</p>
  1394. <p align="justify"><sup>8</sup> Net carrying amount of the rental fleet plus net receivables on finance leases</p>
  1395. <p align="justify"><sup>9</sup> On a like-for-like basis</p>
  1396. <p align="justify"><sup>10</sup> Battery Electric Vehicle</p>
  1397. <p align="justify"><sup>11</sup> Ayvens sold total 152,000 cars in Q1 2024. The balance was sold through B2B partners, drivers and retail channels</p>
  1398. <p align="justify"><sup>12</sup> Management information</p>
  1399. <p align="justify"><sup>13</sup> On a like-for-like basis</p>
  1400. <p align="justify"><sup>14</sup> On a like-for-like basis</p>
  1401. <p align="justify"><sup>15</sup> Management information, in EU+: European Union, UK, Norway, Switzerland</p>
  1402. <p align="justify"><sup>16</sup> Plug-in Hybrids</p>
  1403. <p align="justify"><sup>17</sup> LeasePlan consolidated from 22 May 2023. Impact of LeasePlan’s Purchase Price Allocation (PPA) attributed to each quarter since acquisition closing on 22 May 2023 (instead of the 2023 impact being allocated to Q4 2023 only)</p>
  1404. <p align="justify"><sup>18</sup> Excluding non-recurring items and impact of PPA: 67.7% in Q1 2024 vs. 60.4% in Q1 2023</p>
  1405. <p align="justify"><sup>19</sup> Impairment charge on receivables  </p>
  1406. <p align="justify"><sup>20</sup> Excluding impacts of non-recurring items and LeasePlan’s Purchase Price Allocation (PPA)</p>
  1407. <p align="justify"><sup>21</sup> Management information</p>
  1408. <p align="justify"><sup>22</sup> Annualized</p>
  1409. <p align="justify"><sup>23</sup> Assuming derivatives portfolio held as at 31 March 2024, no new derivative transaction and excluding pull to par </p>
  1410. <p align="justify"><sup>24</sup> Management information</p>
  1411. <p align="justify"><sup>25</sup> Internal Combustion Engine: Petrol and Diesel</p>
  1412. <p align="justify"><sup>26</sup> LeasePlan was not consolidated in Q1 2023</p>
  1413. <p align="justify"><sup>27</sup> Annualized impairment charges on receivables expressed as a percentage of arithmetic average of earning assets</p>
  1414. <p align="justify"><sup>28</sup> Calculated according to IAS 33. Basic EPS at EUR 0.21. Under IAS 33, EPS is computed using the average number of shares weighted by time apportionment </p>
  1415. <p align="justify"><sup>29</sup> Excluding Additional Tier 1 capital</p>
  1416. <p align="justify"><sup>30</sup> Before dividend provision</p>
  1417. <p align="justify"><sup>31</sup> AT1 issued by ALD and subscribed by parent Societe Generale</p>
  1418. <p align="justify"><sup>32</sup> AT1 issued by LeasePlan and subscribed by external parties</p>
  1419. <p align="justify"><sup>33</sup> Average number of shares weighted by time apportionment</p>
  1420. <p align="justify"><sup>34</sup> Assuming exercise of warrants, as per IAS 33</p>
  1421. <p align="justify"><sup>35</sup> The dividend provision assumes a payout ratio of 50% of net Income group share, after deduction of interest on AT1 capital</p>
  1422. <p align="justify"><sup>36</sup> The dividend provision assumes a payout ratio of 50% of Net Income group share, after deduction of interest on AT1 capital </p>
  1423. <p align="justify"><sup>37</sup> The number of shares considered is the number of ordinary shares outstanding at end of period, excluding treasury shares</p>
  1424. <p align="justify"><sup>38</sup> The dividend provision assumes a payout ratio of 50% of net Income group share, after deduction of interest on AT1 capital</p>
  1425. <p align="justify"><sup>39</sup> Based on estimated contracyclical capital buffers for the upcoming quarters</p>
  1426. <p align="justify"><sup>40</sup> The sum of rounded values contained in the table may differ slightly from the totals reported, due to rounding rules</p>
  1427. <p align="justify"><sup>41</sup> Restated for IFRS 17, which applies from 1 January 2023</p>
  1428. <p align="justify"><sup>42</sup> Impact of LeasePlan’s Purchase Price Allocation allocated to each quarter since the acquisition closing on 22 May 2023 (instead of the 2023 impact being allocated to Q4 2023 only)</p>
  1429. <p align="justify"><sup>43</sup> Q2 2023 non-controlling interests were corrected to include the payment of interest to holders of AT1 issued by LeasePlan and subscribed by external parties</p>
  1430. <p></p>
  1431. <p id="gnw_attachments_section-header"> <strong>Attachment</strong> </p>
  1432. <ul id="gnw_attachments_section-items">
  1433. <li> 240503 -Ayvens Q1 24 PR VF </li>
  1434. </ul>
  1435. <p><img src='https://ml-eu.globenewswire.com/media/ZWVkYWQ2Y2ItM2UyMi00ZDQ4LTg3YzAtYmYyOTc1ZDA2Yzk4LTEyMzQxNTQ=/tiny/ALD-SA.png' referrerpolicy='no-referrer-when-downgrade' /></p>
  1436. ]]></content:encoded>
  1440. </item>
  1441. <item>
  1442. <title>Pritchard EV and Mobile Road Service Solutions Debut All Electric Mullen ONE Roadside Assistance Vehicle at American Towman Showcase in Las Vegas</title>
  1443. <link>https://autoexcelsior.com/pritchard-ev-and-mobile-road-service-solutions-debut-all-electric-mullen-one-roadside-assistance-vehicle-at-american-towman-showcase-in-las-vegas/52334/</link>
  1445. <dc:creator><![CDATA[GlobeNewswire]]></dc:creator>
  1446. <pubDate>Thu, 02 May 2024 13:00:00 +0000</pubDate>
  1447. <category><![CDATA[Brand Post]]></category>
  1448. <guid isPermaLink="false">https://autoexcelsior.com/pritchard-ev-and-mobile-road-service-solutions-debut-all-electric-mullen-one-roadside-assistance-vehicle-at-american-towman-showcase-in-las-vegas</guid>
  1449.  
  1450. <description><![CDATA[<div style="margin-bottom:20px;"><img width="215" height="161" src="https://autoexcelsior.com/wp-content/uploads/2024/05/pritchard-ev-and-mobile-road-service-solutions-debut-all-electric-mullen-one-roadside-assistance-vehicle-at-american-towman-showcase-in-las-vegas.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" srcset="https://autoexcelsior.com/wp-content/uploads/2024/05/pritchard-ev-and-mobile-road-service-solutions-debut-all-electric-mullen-one-roadside-assistance-vehicle-at-american-towman-showcase-in-las-vegas.jpg 215w, https://autoexcelsior.com/wp-content/uploads/2024/05/pritchard-ev-and-mobile-road-service-solutions-debut-all-electric-mullen-one-roadside-assistance-vehicle-at-american-towman-showcase-in-las-vegas-86x64.jpg 86w" sizes="(max-width: 215px) 100vw, 215px" /></div>Mullen ONE EV cargo van branded for Mobile Road Service Solutions (MRSS) Pritchard EV and MRSS at American Towman Showcase in Las Vegas. MRSS is a leading upfitter for the Roadside Service Industry and a strategic supplier to towing and emergency roadside service companies, including AAA, throughout the U.S. BREA, Calif., May 02, 2024 (GLOBE [&#8230;]]]></description>
  1451. <content:encoded><![CDATA[<div style="margin-bottom:20px;"><img width="215" height="161" src="https://autoexcelsior.com/wp-content/uploads/2024/05/pritchard-ev-and-mobile-road-service-solutions-debut-all-electric-mullen-one-roadside-assistance-vehicle-at-american-towman-showcase-in-las-vegas.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://autoexcelsior.com/wp-content/uploads/2024/05/pritchard-ev-and-mobile-road-service-solutions-debut-all-electric-mullen-one-roadside-assistance-vehicle-at-american-towman-showcase-in-las-vegas.jpg 215w, https://autoexcelsior.com/wp-content/uploads/2024/05/pritchard-ev-and-mobile-road-service-solutions-debut-all-electric-mullen-one-roadside-assistance-vehicle-at-american-towman-showcase-in-las-vegas-86x64.jpg 86w" sizes="(max-width: 215px) 100vw, 215px" /></div><div style="float:right;padding:0 0 15px 20px;margin:15px 0 20px 20px;width:300px">
  1452. <p>Mullen ONE EV cargo van branded for Mobile Road Service Solutions (MRSS)</p>
  1453. <figure> <img decoding="async" src="https://ml.globenewswire.com/Resource/Download/527e651c-0ea6-4aa5-959b-283c481811fc" title="Mullen ONE EV cargo van branded for Mobile Road Service Solutions (MRSS)" alt="Pritchard EV and MRSS at American Towman Showcase in Las Vegas." /><figcaption>Pritchard EV and MRSS at American Towman Showcase in Las Vegas.</figcaption></figure>
  1454. </p></div>
  1455. <p align="center"><strong><em>MRSS is a leading upfitter for the Roadside Service Industry and a strategic supplier to towing and emergency roadside service companies, including AAA, throughout the U.S.</em></strong></p>
  1456. <p align="left"><strong>BREA, Calif., May 02, 2024 (GLOBE NEWSWIRE) &#8212; </strong>via IBN &#8212; <u>Mullen Automotive, Inc.</u> (NASDAQ:<u> MULN</u>) (“Mullen” or the “Company”), an electric vehicle (“EV”) manufacturer, and its recently announced dealer partner, Pritchard EV (“Pritchard”), have joined with Mobile Road Service Solutions (“MRSS”) to debut the Mullen ONE, Class 1 EV cargo van roadside assistance vehicle upfit which is currently on display at the American Towman Showcase in Las Vegas, Nevada.</p>
  1457. <p>MRSS is a leading upfitter for the Roadside Service Industry and is a strategic supplier to towing and emergency roadside service companies throughout the U.S. including companies like AAA. The company has roots in the road service business reaching back nearly a decade, when one of the largest towing and emergency roadside service contractors in California began producing its own light service battery vans to more cost-effectively, safely and efficiently provide mobile battery and light road service for auto club members.</p>
  1458. <p>Pritchard EV, a national leader in the adoption of electric vehicles with commercial fleets, worked with MRSS to identify the Mullen ONE EV cargo van as their first joint offering for the roadside service market.</p>
  1459. <p>The Mullen ONE EV Cargo Van is the only Class 1 Cargo van available today. The Mullen ONE boasts 157 cubic feet of cargo space, 1,600 lbs. of payload and 110 miles of range.</p>
  1460. <p>&#8220;Previously MRSS&#8217;s flagship product was a Class One commercial van specifically designed for light duty service. Folks loved its maneuverability and economy; it was a top seller for us, particularly with our customer, AAA,” said David Biehl, National Sales Director of Mobile Road Service Solutions, LLC. “We work very closely with AAA and were excited to hear that Pritchard was adding Mullen to their product line, particularly when our customer is moving strongly into the EV arena. The Mullen allows us to continue to offer a smaller commercial van to those of our customers who preferred that size. We&#8217;re excited to show our first demo at the American Towman Show in Las Vegas.&#8221;</p>
  1461. <p>“Mobile roadside assistance is a great segment for our commercial EVs and partnering with Prichard and MRSS is a great opportunity within the space,” said David Michery, CEO and chairman of Mullen Automotive. “Today, both companies hit the ground running in Las Vegas with our Class 1 EV cargo van which is on display and receiving great feedback at the tradeshow. We look forward to success with both Pritchard and MRSS.”  </p>
  1462. <p>Pritchard EV is committed to providing fleets with access to sustainable mobility solutions and developing new modes of distribution that meet fleets where they are. With a network of partners as well as in-house resources, Pritchard EV is uniquely positioned to help fleets address major pain points like logistics, financing and vehicle registration.</p>
  1463. <p>Mullen’s commercial EV lineup includes the Mullen ONE, Class 1 EV cargo van and Mullen THREE, Class 3 EV cab chassis truck. The all-electric Mullen ONE Class 1 EV cargo van and Mullen THREE Class 3 low cab forward EV truck are both purpose-built to meet the demands of urban last-mile delivery. Both vehicles are available for sale and in full compliance with U.S. Federal Motor Vehicle Safety Standards, EPA and CARB certifications. </p>
  1464. <p>Mullen has begun training initiatives with the Pritchard team on ordering, upfitting and servicing Mullen’s commercial EVs. For quotes and purchasing questions, email <u>sales@pritchardev.com</u>. View Pritchard’s inventory of Mullen commercial vehicles at <u>www.pritchardev.com</u>.</p>
  1465. <p><strong>About Pritchard EV</strong><br />Pritchard EV is a subsidiary of Pritchard Companies, a family-owned national automotive enterprise and provider of Tier 1 fleets, supplying everything from chassis to upfitting, and registration to logistics. For more product and services information, visit <u>www.pritchardev.com</u>.</p>
  1466. <p><strong>About Mullen</strong><br />Mullen Automotive (NASDAQ: MULN) is a Southern California-based automotive company building the next generation of commercial electric vehicles (“EVs”) with two United States-based vehicle plants located in Tunica, Mississippi, (120,000 square feet) and Mishawaka, Indiana (650,000 square feet). In August 2023, Mullen began commercial vehicle production in Tunica. In September 2023, Mullen received IRS approval for federal EV tax credits on its commercial vehicles with a Qualified Manufacturer designation that offers eligible customers up to $7,500 per vehicle. As of January 2024, both the Mullen ONE, a Class 1 EV cargo van, and Mullen THREE, a Class 3 EV cab chassis truck, are California Air Resource Board (CARB) and EPA certified and available for sale in the U.S. </p>
  1467. <p>To learn more about the Company, visit <u>www.MullenUSA.com</u>.</p>
  1468. <p><strong>Forward-Looking Statements</strong><br />Certain statements in this press release that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Exchange Act of 1934, as amended. Any statements contained in this press release that are not statements of historical fact may be deemed forward-looking statements. Words such as &#8220;continue,&#8221; &#8220;will,&#8221; &#8220;may,&#8221; &#8220;could,&#8221; &#8220;should,&#8221; &#8220;expect,&#8221; &#8220;expected,&#8221; &#8220;plans,&#8221; &#8220;intend,&#8221; &#8220;anticipate,&#8221; &#8220;believe,&#8221; &#8220;estimate,&#8221; &#8220;predict,&#8221; &#8220;potential&#8221; and similar expressions are intended to identify such forward-looking statements. All forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, many of which are generally outside the control of Mullen and are difficult to predict. Examples of such risks and uncertainties include, but are not limited to, whether the Mullen ONE EV cargo van will prove successful for the roadside service market. Additional examples of such risks and uncertainties include but are not limited to: (i) Mullen’s ability (or inability) to obtain additional financing in sufficient amounts or on acceptable terms when needed; (ii) Mullen&#8217;s ability to maintain existing, and secure additional, contracts with manufacturers, parts and other service providers relating to its business; (iii) Mullen’s ability to successfully expand in existing markets and enter new markets; (iv) Mullen’s ability to successfully manage and integrate any acquisitions of businesses, solutions or technologies; (v) unanticipated operating costs, transaction costs and actual or contingent liabilities; (vi) the ability to attract and retain qualified employees and key personnel; (vii) adverse effects of increased competition on Mullen’s business; (viii) changes in government licensing and regulation that may adversely affect Mullen’s business; (ix) the risk that changes in consumer behavior could adversely affect Mullen’s business; (x) Mullen’s ability to protect its intellectual property; and (xi) local, industry and general business and economic conditions. Additional factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements can be found in the most recent annual report on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K filed by Mullen with the Securities and Exchange Commission. Mullen anticipates that subsequent events and developments may cause its plans, intentions and expectations to change. Mullen assumes no obligation, and it specifically disclaims any intention or obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by law. Forward-looking statements speak only as of the date they are made and should not be relied upon as representing Mullen’s plans and expectations as of any subsequent date.</p>
  1469. <p><strong>Contact</strong>:<br />Mullen Automotive, Inc.<br />+1 (714) 613-1900<br /><u>www.MullenUSA.com</u></p>
  1470. <p>Pritchard EV<br />641.450.3311<br /><u>www.pritchardev.com</u></p>
  1471. <p><strong>Corporate Communications:</strong><br />InvestorBrandNetwork (IBN)<br /> Los Angeles, California<br /> <u>www.InvestorBrandNetwork.com</u><br /> 310.299.1717 Office<br /> <u>Editor@InvestorBrandNetwork.com</u></p>
  1472. <p id="gnw_attachments_section-header"> <strong>Attachment</strong> </p>
  1473. <ul id="gnw_attachments_section-items">
  1474. <li> Mullen ONE EV cargo van branded for Mobile Road Service Solutions (MRSS) </li>
  1475. </ul>
  1476. <p><img src='https://ml.globenewswire.com/media/NDJmNzBiOTUtNmFmNi00OGM3LTkwMDAtNTI3NTYyNGZiMDRhLTUwMDA3NDUwOQ==/tiny/Mullen-Automotive-Inc-.png' referrerpolicy='no-referrer-when-downgrade' /></p>
  1477. ]]></content:encoded>
  1481. </item>
  1482. <item>
  1483. <title>Motorsport Games to Report First Quarter 2024 Financial Results</title>
  1484. <link>https://autoexcelsior.com/motorsport-games-to-report-first-quarter-2024-financial-results/52332/</link>
  1486. <dc:creator><![CDATA[GlobeNewswire]]></dc:creator>
  1487. <pubDate>Thu, 02 May 2024 13:00:00 +0000</pubDate>
  1488. <category><![CDATA[Brand Post]]></category>
  1489. <guid isPermaLink="false">https://autoexcelsior.com/motorsport-games-to-report-first-quarter-2024-financial-results</guid>
  1490.  
  1491. <description><![CDATA[<div style="margin-bottom:20px;"><img width="1920" height="1080" src="https://autoexcelsior.com/wp-content/uploads/2024/05/motorsport-games-to-report-first-quarter-2024-financial-results.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://autoexcelsior.com/wp-content/uploads/2024/05/motorsport-games-to-report-first-quarter-2024-financial-results.jpg 1920w, https://autoexcelsior.com/wp-content/uploads/2024/05/motorsport-games-to-report-first-quarter-2024-financial-results-300x169.jpg 300w, https://autoexcelsior.com/wp-content/uploads/2024/05/motorsport-games-to-report-first-quarter-2024-financial-results-1024x576.jpg 1024w, https://autoexcelsior.com/wp-content/uploads/2024/05/motorsport-games-to-report-first-quarter-2024-financial-results-768x432.jpg 768w, https://autoexcelsior.com/wp-content/uploads/2024/05/motorsport-games-to-report-first-quarter-2024-financial-results-1536x864.jpg 1536w" sizes="(max-width: 1920px) 100vw, 1920px" /></div>Motorsport Games to Report First Quarter 2024 Financial Results Motorsport Games to Report First Quarter 2024 Financial Results MIAMI, May 02, 2024 (GLOBE NEWSWIRE) &#8212; Motorsport Games Inc. (NASDAQ: MSGM) (“Motorsport Games” or “the Company”), a racing game developer, publisher and esports ecosystem provider of official motorsport racing series, will report its financial results for [&#8230;]]]></description>
  1492. <content:encoded><![CDATA[<div style="margin-bottom:20px;"><img width="1920" height="1080" src="https://autoexcelsior.com/wp-content/uploads/2024/05/motorsport-games-to-report-first-quarter-2024-financial-results.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://autoexcelsior.com/wp-content/uploads/2024/05/motorsport-games-to-report-first-quarter-2024-financial-results.jpg 1920w, https://autoexcelsior.com/wp-content/uploads/2024/05/motorsport-games-to-report-first-quarter-2024-financial-results-300x169.jpg 300w, https://autoexcelsior.com/wp-content/uploads/2024/05/motorsport-games-to-report-first-quarter-2024-financial-results-1024x576.jpg 1024w, https://autoexcelsior.com/wp-content/uploads/2024/05/motorsport-games-to-report-first-quarter-2024-financial-results-768x432.jpg 768w, https://autoexcelsior.com/wp-content/uploads/2024/05/motorsport-games-to-report-first-quarter-2024-financial-results-1536x864.jpg 1536w" sizes="(max-width: 1920px) 100vw, 1920px" /></div><div style="float:right;padding:0 0 15px 20px;margin:15px 0 20px 20px;width:300px">
  1493. <p>Motorsport Games to Report First Quarter 2024 Financial Results </p>
  1494. <figure> <img decoding="async" src="https://ml.globenewswire.com/Resource/Download/9c9efa20-4efd-4aae-826e-b397738db516" title="Motorsport Games to Report First Quarter 2024 Financial Results" alt="Motorsport Games to Report First Quarter 2024 Financial Results" /><figcaption>Motorsport Games to Report First Quarter 2024 Financial Results </figcaption></figure>
  1495. </p></div>
  1496. <p align="justify">MIAMI, May 02, 2024 (GLOBE NEWSWIRE) &#8212; Motorsport Games Inc. (NASDAQ: MSGM) (“Motorsport Games” or “the Company”), a racing game developer, publisher and esports ecosystem provider of official motorsport racing series, will report its financial results for the first quarter of 2024 on Tuesday, May 7, 2024 after market close. Management will host a conference call and webcast on the same day at 5:00 p.m. ET to discuss the results.</p>
  1497. <p align="justify">Participants may access the live webcast on the Company’s investor relations website at https://ir.motorsportgames.com under “Events.” The call may also be accessed by dialing 1-800-225-9448 or 1-203-518-9708 and using conference ID “Motor”.</p>
  1498. <p align="justify"><strong>About Motorsport Games:</strong><br />Motorsport Games, a Driven Lifestyle Group company, is a racing game developer, publisher and esports ecosystem provider of official motorsport racing series. Combining innovative and engaging video games with exciting esports competitions and content for racing fans and gamers, Motorsport Games strives to make racing games that are authentically close to reality. The Company is the officially licensed video game developer and publisher for iconic motorsport racing series including the 24 Hours of Le Mans and the FIA World Endurance Championship, recently releasing <em>Le Mans Ultimate</em> in Early Access. Motorsport Games also owns the industry leading rFactor 2 and KartKraft simulation platforms. rFactor 2 also serves as the official sim racing platform of Formula E, while also powering F1 Arcade through a partnership with Kindred Concepts. Motorsport Games is also an award-winning esports partner of choice for the 24 Hours of Le Mans, creating the renowned <em>Le Mans Virtual Series</em>. Motorsport Games is building a virtual racing ecosystem where each product drives excitement, every esports event is an adventure, and every race inspires.</p>
  1499. <p><strong><u>Website and Social Media Disclosure</u></strong><strong>:</strong></p>
  1500. <p align="justify">Investors and others should note that we announce material financial information to our investors using our investor relations website (ir.motorsportgames.com), SEC filings, press releases, public conference calls and webcasts. We use these channels, as well as social media and blogs, to communicate with our investors and the public about our company and our products. It is possible that the information we post on our websites, social media and blogs could be deemed to be material information. Therefore, we encourage investors, the media and others interested in our company to review the information we post on the websites, social media channels and blogs, including the following (which list we will update from time to time on our investor relations website):</p>
  1501. <table style="border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; border-collapse: collapse; width:100%; border-collapse:collapse ;">
  1502. <tr>
  1503. <td style="max-width:50%; width:50%; min-width:50%;;border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; vertical-align: top ; "><strong> Websites</strong></td>
  1504. <td style="max-width:50%; width:50%; min-width:50%;;border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; vertical-align: top ; "><strong> Social Media </strong></td>
  1505. </tr>
  1506. <tr>
  1507. <td style="border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; vertical-align: top ; "><em>motorsportgames.com</em></td>
  1508. <td style="border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; vertical-align: top ; ">Twitter: <em>@msportgames</em></td>
  1509. </tr>
  1510. <tr>
  1511. <td style="border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; vertical-align: top ; ">  </td>
  1512. <td style="border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; vertical-align: top ; ">Instagram: <em>msportgames</em></td>
  1513. </tr>
  1514. <tr>
  1515. <td style="border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; vertical-align: top ; ">  </td>
  1516. <td style="border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; vertical-align: top ; ">Facebook: <em>Motorsport Games</em></td>
  1517. </tr>
  1518. <tr>
  1519. <td style="border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; vertical-align: top ; "> </td>
  1520. <td style="border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; vertical-align: top ; ">LinkedIn: <em>Motorsport Games</em></td>
  1521. </tr>
  1522. </table>
  1523. <p align="justify">The contents of these websites and social media channels are not part of, nor will they be incorporated by reference into, this press release.</p>
  1524. <p align="justify"><strong>Contacts:</strong><br />Investors:<br />investors@motorsportgames.com</p>
  1525. <p align="justify">Media:<br />pr@motorsportgames.com</p>
  1526. <p>A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/9c9efa20-4efd-4aae-826e-b397738db516 </p>
  1527. <p><img src='https://ml.globenewswire.com/media/NTA4ZDNkMGEtYjRhZC00ZDAzLThjMjEtNDc1NDg0MWM0OTBmLTEwMzE3Mzg=/tiny/Motorsport-Games-Inc-.png' referrerpolicy='no-referrer-when-downgrade' /></p>
  1528. ]]></content:encoded>
  1532. </item>
  1533. <item>
  1534. <title>Volvo Study Reveals, 64% of Canadians Are Eyeing Electrified Vehicles for Next Purchase</title>
  1535. <link>https://autoexcelsior.com/volvo-study-reveals-64-of-canadians-are-eyeing-electrified-vehicles-for-next-purchase/52328/</link>
  1537. <dc:creator><![CDATA[GlobeNewswire]]></dc:creator>
  1538. <pubDate>Wed, 01 May 2024 14:00:00 +0000</pubDate>
  1539. <category><![CDATA[Brand Post]]></category>
  1540. <guid isPermaLink="false">https://autoexcelsior.com/volvo-study-reveals-64-of-canadians-are-eyeing-electrified-vehicles-for-next-purchase</guid>
  1541.  
  1542. <description><![CDATA[<div style="margin-bottom:20px;"><img width="3957" height="308" src="https://autoexcelsior.com/wp-content/uploads/2024/05/volvo-study-reveals-64-of-canadians-are-eyeing-electrified-vehicles-for-next-purchase.png" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://autoexcelsior.com/wp-content/uploads/2024/05/volvo-study-reveals-64-of-canadians-are-eyeing-electrified-vehicles-for-next-purchase.png 3957w, https://autoexcelsior.com/wp-content/uploads/2024/05/volvo-study-reveals-64-of-canadians-are-eyeing-electrified-vehicles-for-next-purchase-300x23.png 300w, https://autoexcelsior.com/wp-content/uploads/2024/05/volvo-study-reveals-64-of-canadians-are-eyeing-electrified-vehicles-for-next-purchase-1024x80.png 1024w, https://autoexcelsior.com/wp-content/uploads/2024/05/volvo-study-reveals-64-of-canadians-are-eyeing-electrified-vehicles-for-next-purchase-768x60.png 768w, https://autoexcelsior.com/wp-content/uploads/2024/05/volvo-study-reveals-64-of-canadians-are-eyeing-electrified-vehicles-for-next-purchase-1536x120.png 1536w, https://autoexcelsior.com/wp-content/uploads/2024/05/volvo-study-reveals-64-of-canadians-are-eyeing-electrified-vehicles-for-next-purchase-2048x159.png 2048w" sizes="(max-width: 3957px) 100vw, 3957px" /></div>Volvo Car Canada&#8217;s 2024 Mobility Report Identifies Key Trends around EV Adoption in Canada RICHMOND HILL, Ontario, May 01, 2024 (GLOBE NEWSWIRE) &#8212; Despite industry headwinds, 64% of Canadians looking to purchase a new vehicle say they would consider a hybrid, plug-in hybrid, or fully electric as their next vehicle in the next five years, [&#8230;]]]></description>
  1543. <content:encoded><![CDATA[<div style="margin-bottom:20px;"><img width="3957" height="308" src="https://autoexcelsior.com/wp-content/uploads/2024/05/volvo-study-reveals-64-of-canadians-are-eyeing-electrified-vehicles-for-next-purchase.png" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://autoexcelsior.com/wp-content/uploads/2024/05/volvo-study-reveals-64-of-canadians-are-eyeing-electrified-vehicles-for-next-purchase.png 3957w, https://autoexcelsior.com/wp-content/uploads/2024/05/volvo-study-reveals-64-of-canadians-are-eyeing-electrified-vehicles-for-next-purchase-300x23.png 300w, https://autoexcelsior.com/wp-content/uploads/2024/05/volvo-study-reveals-64-of-canadians-are-eyeing-electrified-vehicles-for-next-purchase-1024x80.png 1024w, https://autoexcelsior.com/wp-content/uploads/2024/05/volvo-study-reveals-64-of-canadians-are-eyeing-electrified-vehicles-for-next-purchase-768x60.png 768w, https://autoexcelsior.com/wp-content/uploads/2024/05/volvo-study-reveals-64-of-canadians-are-eyeing-electrified-vehicles-for-next-purchase-1536x120.png 1536w, https://autoexcelsior.com/wp-content/uploads/2024/05/volvo-study-reveals-64-of-canadians-are-eyeing-electrified-vehicles-for-next-purchase-2048x159.png 2048w" sizes="(max-width: 3957px) 100vw, 3957px" /></div><p><em>Volvo Car Canada&#8217;s 2024 Mobility Report Identifies Key Trends around EV Adoption in Canada</em></p>
  1544. <p align="left">RICHMOND HILL, Ontario, May 01, 2024 (GLOBE NEWSWIRE) &#8212; Despite industry headwinds, 64% of Canadians looking to purchase a new vehicle say they would consider a hybrid, plug-in hybrid, or fully electric as their next vehicle in the next five years, according to new research released today.</p>
  1545. <p>This insight appears in the 2024 Mobility Trend Report, an exploratory study by Volvo Car Canada. The study comes as the country is experiencing mixed sentiment in the electric vehicles (EVs) category due to Canadians&#8217; automotive preferences and evolving economic conditions.</p>
  1546. <p>The 2024 Mobility Trend Report highlights that amidst economic headwinds, three quarters of Canadians who wouldn’t consider an EV, say it’s because they’re too expensive. While other barriers center on infrastructure and charging aspects of the vehicle: 65% are worried they will get stranded if they run out of charge, and 59% say there are not enough places to charge one respectively.</p>
  1547. <p>New data points to help to illustrate the barriers that are top of mind and the current sentiment towards fully electric vehicles include:</p>
  1548. <ul type="disc">
  1549. <li>Three-quarters (76%) of those not open to purchasing an EV say it&#8217;s too expensive.</li>
  1550. <li>Nearly four in five (78%) agree there currently isn&#8217;t enough publicly available charging infrastructure to make electric vehicles a good option and 72% say they aren&#8217;t worth the cost.</li>
  1551. <li>Only 15% of Canadians feel EVs are generally better than gas vehicles in terms of overall costs, including purchase price, gas/charging costs, maintenance, insurance, etc.</li>
  1552. <li>Two-thirds (64%) feel the environmental benefits of EVs are over-hyped.</li>
  1553. </ul>
  1554. <p>Addressing these concerns is critical to making a difference in consumer willingness to purchase an EV, as 46% of respondents say vehicles with a longer maximum range would make a difference, 42% say easier to find charging stations, and 38% say better government rebates or incentives.</p>
  1555. <p>In 2023, Volvo Car Canada unlocked additional charging access with NACS that will come into effect this year as an effort to address consumers concerns around charging infrastructure. The agreement will enable access to Tesla’s Supercharger network providing access to an additional 12,000 fast-charge points.</p>
  1556. <p>Recently, Volvo Car Canada launched the EX30, its smallest and most affordable SUV yet, demonstrating its efforts to effectively meet consumers&#8217; needs. The EX30 is designed to have the smallest CO2 footprint of any Volvo car to date, and to make people’s lives safer, more convenient, and more enjoyable through cutting-edge technology and Scandinavian design.</p>
  1557. <p>“Understanding that early adopters have already transitioned to electric vehicles, we’re focusing on the broader base of potential EV owners who are deterred by cost and infrastructure concerns,” said Matt Girgis, Managing Director at Volvo Car Canada. “With the EX30, we offer a gateway to electrified mobility, combined with the advanced safety technology that Volvo is known for.”</p>
  1558. <p>According to the 2024 Mobility Report, those most likely to consider a hybrid, plug-in hybrid, or fully electric vehicle are from BC (74%) and between the ages of 18 and 34 (76%).</p>
  1559. <p>“The introduction of the EX30 marks a pivotal moment for Volvo Car Canada. As we navigate through the evolving consumer market, our record-high sales in EVs demonstrate a successful alignment with consumer demand and environmental responsibilities,” added Girgis. “And for those customers not quite ready to make the jump into a fully electric vehicle, we offer a broad range of plug-in hybrid vehicles, to ensure we’re meeting Canadians where they’re at.”</p>
  1560. <p>March sales underscore Volvo Car Canada&#8217;s leadership in electrification and understanding consumer demands with electrified models — including both plug-in hybrids and fully electric vehicles — making up 50% of all sales.</p>
  1561. <p>Volvo Car Canada remains committed to its sustainability goals, continuously adapting to meet the needs of Canadians and paving the way for a greener future. The company plans to expand its discussions on consumer education about EVs and collaborate closely with stakeholders to enhance the EV ecosystem across Canada.</p>
  1562. <p>To learn more about Volvo&#8217;s full range of products, services and electric ambitions, visit www.volvocars.com/en-ca.</p>
  1563. <p>For the infographic and assets, please click here.</p>
  1564. <p><strong>About This Study</strong><br />These are the findings of a survey conducted by Volvo Car Canada from March 26<sup>th</sup> to 28<sup>th</sup>, 2024 among a representative sample of 1,000 online Canadians who are members of the Angus Reid Forum. The survey was conducted in English and French. For comparison purposes only, a probability sample of this size would carry a margin of error of +/- 3 percentage points, 19 times out of 20.</p>
  1565. <p><strong>About Volvo Car Canada Ltd.</strong> <br />Volvo Car Canada Ltd. is a subsidiary of Volvo Car Group of Gothenburg, Sweden. VCCL provides marketing, sales, parts, service, technology, and training support to the 38 Volvo automobile retailers across Canada. For more information, please refer to the Volvo Cars Canada media website at www.media.volvocars.com/ca/en-ca.</p>
  1566. <p><strong><em>Volvo Cars in 2023</em></strong><br />For the full year 2023, Volvo Car Group recorded a record-breaking core operating profit of SEK 25.6 billion. Revenue in 2023 amounted to an all-time high of SEK 399.3 billion, while global sales reached a record 708,716 cars.</p>
  1567. <p><strong><em>About Volvo Car Group</em></strong><br />Volvo Cars was founded in 1927. Today, it is one of the most well-known and respected car brands in the world with sales to customers in more than 100 countries. Volvo Cars is listed on the Nasdaq Stockholm exchange, where it is traded under the ticker “VOLCAR B”.</p>
  1568. <p>“For life. To give people the freedom to move in a personal, sustainable and safe way.” This purpose is reflected in Volvo Cars&#8217; ambition to become a fully electric car maker by 2030 and in its commitment to an ongoing reduction of its carbon footprint, with the ambition to achieve net-zero greenhouse gas emissions by 2040.</p>
  1569. <p>As of December 2023, Volvo Cars employed approximately 43,400 full-time employees. Volvo Cars&#8217; head office, product development, marketing and administration functions are mainly located in Gothenburg, Sweden. Volvo Cars&#8217; production plants are located in Gothenburg, Ghent (Belgium), South Carolina (US), Chengdu, Daqing and Taizhou (China). The company also has R&amp;D and design centres in Gothenburg and Shanghai (China).</p>
  1570. <p>A PDF accompanying this announcement is available at: </p>
  1571. <p>http://ml.globenewswire.com/Resource/Download/1191c8b4-2b46-4c19-bae0-f5388e64c875</p>
  1572. <p><img src='https://ml.globenewswire.com/media/NzEyZTQwYmMtNTllZC00YjVkLTk4YjMtMzg1OWFhZGEwY2IzLTUwMDExNjk4OQ==/tiny/Volvo-Car-Canada-Ltd-.png' referrerpolicy='no-referrer-when-downgrade' /></p>
  1573. ]]></content:encoded>
  1577. </item>
  1578. <item>
  1579. <title>Mullen Adds One of the Largest US Commercial Dealers, Pritchard EV, to Dealer Network</title>
  1580. <link>https://autoexcelsior.com/mullen-adds-one-of-the-largest-us-commercial-dealers-pritchard-ev-to-dealer-network/52330/</link>
  1582. <dc:creator><![CDATA[GlobeNewswire]]></dc:creator>
  1583. <pubDate>Wed, 01 May 2024 13:00:00 +0000</pubDate>
  1584. <category><![CDATA[Brand Post]]></category>
  1585. <guid isPermaLink="false">https://autoexcelsior.com/mullen-adds-one-of-the-largest-us-commercial-dealers-pritchard-ev-to-dealer-network</guid>
  1586.  
  1587. <description><![CDATA[<div style="margin-bottom:20px;"><img width="265" height="266" src="https://autoexcelsior.com/wp-content/uploads/2024/05/mullen-adds-one-of-the-largest-us-commercial-dealers-pritchard-ev-to-dealer-network.png" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://autoexcelsior.com/wp-content/uploads/2024/05/mullen-adds-one-of-the-largest-us-commercial-dealers-pritchard-ev-to-dealer-network.png 265w, https://autoexcelsior.com/wp-content/uploads/2024/05/mullen-adds-one-of-the-largest-us-commercial-dealers-pritchard-ev-to-dealer-network-150x150.png 150w, https://autoexcelsior.com/wp-content/uploads/2024/05/mullen-adds-one-of-the-largest-us-commercial-dealers-pritchard-ev-to-dealer-network-100x100.png 100w" sizes="(max-width: 265px) 100vw, 265px" /></div>Pritchard EV is a leading commercial dealer in the US Pritchard EV is also an authorized HVIP dealer through the California Air Resource Board (&#8220;CARB&#8221;) HVIP program. Pritchard EV is a nationally known leader in fleet sales and a pioneer in commercial EV sales Mullen EV fleet vehicles now available for immediate order and delivery [&#8230;]]]></description>
  1588. <content:encoded><![CDATA[<div style="margin-bottom:20px;"><img width="265" height="266" src="https://autoexcelsior.com/wp-content/uploads/2024/05/mullen-adds-one-of-the-largest-us-commercial-dealers-pritchard-ev-to-dealer-network.png" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://autoexcelsior.com/wp-content/uploads/2024/05/mullen-adds-one-of-the-largest-us-commercial-dealers-pritchard-ev-to-dealer-network.png 265w, https://autoexcelsior.com/wp-content/uploads/2024/05/mullen-adds-one-of-the-largest-us-commercial-dealers-pritchard-ev-to-dealer-network-150x150.png 150w, https://autoexcelsior.com/wp-content/uploads/2024/05/mullen-adds-one-of-the-largest-us-commercial-dealers-pritchard-ev-to-dealer-network-100x100.png 100w" sizes="(max-width: 265px) 100vw, 265px" /></div><div style="float:right;padding:0 0 15px 20px;margin:15px 0 20px 20px;width:300px">
  1589. <p>Pritchard EV is a leading commercial dealer in the US</p>
  1590. <figure> <img decoding="async" src="https://ml.globenewswire.com/Resource/Download/7a3ebe48-879b-45f6-8f09-98f8165c3cd3" title="Pritchard EV is a leading commercial dealer in the US" alt="Pritchard EV is also an authorized HVIP dealer through the California Air Resource Board (&quot;CARB&quot;) HVIP program." /><figcaption>Pritchard EV is also an authorized HVIP dealer through the California Air Resource Board (&#8220;CARB&#8221;) HVIP program. </figcaption></figure>
  1591. </p></div>
  1592. <p align="center"><strong><em>Pritchard EV is a nationally known leader in fleet sales and a pioneer in commercial EV sales</em></strong></p>
  1593. <p align="center"><strong><em>Mullen EV fleet vehicles now available for immediate order and delivery through Pritchard EV, an authorized HVIP Dealer</em></strong></p>
  1594. <p align="left">BREA, Calif., May 01, 2024 (GLOBE NEWSWIRE) &#8212; via IBN &#8212; <u>Mullen Automotive, Inc.</u> (NASDAQ:<u> MULN</u>) (“Mullen” or the “Company”), an electric vehicle (“EV”) manufacturer, announces today the expansion of its U.S. dealer network with the signing of one of the nation’s largest commercial dealers, Pritchard EV, as a new franchise partner for Mullen’s commercial EV lineup, covering regional and national fleet opportunities.</p>
  1595. <p>“Pritchard EV is a national leader in the adoption of electric vehicles with commercial fleets,” said David Michery, chairman and CEO of Mullen Automotive. “Pritchard understands fleets and is at the forefront of electrification and infrastructure, and its commitment to work with customers both domestically and globally to build best practices is what the industry needs.”</p>
  1596. <p>Effective immediately, Pritchard EV will offer Mullen’s Commercial EV lineup, including the Mullen ONE and Mullen THREE, to customers in the United States.</p>
  1597. <p>“We have full confidence in Pritchard EV and believe this partnership underscores the expansion of Mullen&#8217;s dealer network, enriching accessibility to electric vehicles and service infrastructure,” said David.</p>
  1598. <p>Pritchard EV is committed to providing fleets with access to sustainable mobility solutions and developing new modes of distribution that meet fleets where they are. With a network of partners as well as in-house resources, Pritchard EV is uniquely positioned to help fleets address major pain points like logistics, financing and vehicle registration.</p>
  1599. <p>“At Pritchard EV, we look to partner with the best manufacturers in the market,” said Pritchard Companies Chief Operating Officer Angela Pritchard Spiteri. “Mullen has the reputation of quality that we look for in an OEM partner. Their lineup is a perfect fit for our fleet customers across the country, and we’re excited to introduce them.”</p>
  1600. <p>Mullen’s commercial EV lineup includes the Mullen ONE, Class 1 EV cargo van and Mullen THREE, Class 3 EV cab chassis truck. The all-electric Mullen ONE Class 1 EV cargo van and Mullen THREE Class 3 low cab forward EV truck are both purpose-built to meet the demands of urban last-mile delivery. Both vehicles are available for sale and in full compliance with U.S. Federal Motor Vehicle Safety Standards, EPA and CARB certifications.</p>
  1601. <p>Mullen has begun training initiatives with the Pritchard team on ordering, upfitting and servicing Mullen’s commercial EVs. For quotes and purchasing questions, email <u>sales@pritchardev.com</u>. View Pritchard’s inventory of Mullen commercial vehicles at <u>www.pritchardev.com</u>.</p>
  1602. <p><strong>About Pritchard EV</strong><br />Pritchard EV is a subsidiary of Pritchard Companies, a family-owned national automotive enterprise and provider of Tier 1 fleets, supplying everything from chassis to upfitting, and registration to logistics. For more product and services information, visit <u>www.pritchardev.com</u>.</p>
  1603. <p><strong>About Mullen</strong><br />Mullen Automotive (NASDAQ: MULN) is a Southern California-based automotive company building the next generation of commercial electric vehicles (“EVs”) with two United States-based vehicle plants located in Tunica, Mississippi, (120,000 square feet) and Mishawaka, Indiana (650,000 square feet). In August 2023, Mullen began commercial vehicle production in Tunica. In September 2023, Mullen received IRS approval for federal EV tax credits on its commercial vehicles with a Qualified Manufacturer designation that offers eligible customers up to $7,500 per vehicle. As of January 2024, both the Mullen ONE, a Class 1 EV cargo van, and Mullen THREE, a Class 3 EV cab chassis truck, are California Air Resource Board (“CARB”) and EPA certified and available for sale in the U.S.</p>
  1604. <p>To learn more about the Company, visit <u>www.MullenUSA.com</u>.</p>
  1605. <p><strong>Forward-Looking Statements</strong><br />Certain statements in this press release that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Exchange Act of 1934, as amended. Any statements contained in this press release that are not statements of historical fact may be deemed forward-looking statements. Words such as &#8220;continue,&#8221; &#8220;will,&#8221; &#8220;may,&#8221; &#8220;could,&#8221; &#8220;should,&#8221; &#8220;expect,&#8221; &#8220;expected,&#8221; &#8220;plans,&#8221; &#8220;intend,&#8221; &#8220;anticipate,&#8221; &#8220;believe,&#8221; &#8220;estimate,&#8221; &#8220;predict,&#8221; &#8220;potential&#8221; and similar expressions are intended to identify such forward-looking statements. All forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, many of which are generally outside the control of Mullen and are difficult to predict. Examples of such risks and uncertainties include but are not limited to whether the Company’s relationship with Pritchard EV will prove successful or result in vehicle sales. Additional examples of such risks and uncertainties include but are not limited to: (i) Mullen’s ability (or inability) to obtain additional financing in sufficient amounts or on acceptable terms when needed; (ii) Mullen&#8217;s ability to maintain existing, and secure additional, contracts with manufacturers, parts and other service providers relating to its business; (iii) Mullen’s ability to successfully expand in existing markets and enter new markets; (iv) Mullen’s ability to successfully manage and integrate any acquisitions of businesses, solutions or technologies; (v) unanticipated operating costs, transaction costs and actual or contingent liabilities; (vi) the ability to attract and retain qualified employees and key personnel; (vii) adverse effects of increased competition on Mullen’s business; (viii) changes in government licensing and regulation that may adversely affect Mullen’s business; (ix) the risk that changes in consumer behavior could adversely affect Mullen’s business; (x) Mullen’s ability to protect its intellectual property; and (xi) local, industry and general business and economic conditions. Additional factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements can be found in the most recent annual report on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K filed by Mullen with the Securities and Exchange Commission. Mullen anticipates that subsequent events and developments may cause its plans, intentions and expectations to change. Mullen assumes no obligation, and it specifically disclaims any intention or obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by law. Forward-looking statements speak only as of the date they are made and should not be relied upon as representing Mullen’s plans and expectations as of any subsequent date.</p>
  1606. <p><strong>Contact</strong>:<br />Mullen Automotive, Inc.<br />+1 (714) 613-1900<br /><u>www.MullenUSA.com</u></p>
  1607. <p>Pritchard EV<br />641.450.3311<br /><u>www.pritchardev.com</u></p>
  1608. <p><strong>Corporate Communications:</strong><br />InvestorBrandNetwork (IBN)<br /> Los Angeles, California<br /> <u>www.InvestorBrandNetwork.com</u><br /> 310.299.1717 Office<br /> <u>Editor@InvestorBrandNetwork.com</u></p>
  1609. <p id="gnw_attachments_section-header"> <strong>Attachment</strong> </p>
  1610. <ul id="gnw_attachments_section-items">
  1611. <li> Pritchard EV is a leading commercial dealer in the US </li>
  1612. </ul>
  1613. <p><img src='https://ml.globenewswire.com/media/NWZmMzM0YTYtYjU3MC00YTBlLTkwNWEtYjk4ZGFiOTExOTNjLTUwMDA3NDUwOQ==/tiny/Mullen-Automotive-Inc-.png' referrerpolicy='no-referrer-when-downgrade' /></p>
  1614. ]]></content:encoded>
  1618. </item>
  1619. <item>
  1620. <title>Motorsport Games Announces Sale of Traxion</title>
  1621. <link>https://autoexcelsior.com/motorsport-games-announces-sale-of-traxion/52321/</link>
  1623. <dc:creator><![CDATA[GlobeNewswire]]></dc:creator>
  1624. <pubDate>Wed, 01 May 2024 12:30:00 +0000</pubDate>
  1625. <category><![CDATA[Brand Post]]></category>
  1626. <guid isPermaLink="false">https://autoexcelsior.com/motorsport-games-announces-sale-of-traxion</guid>
  1627.  
  1628. <description><![CDATA[<div style="margin-bottom:20px;"><img width="1920" height="1080" src="https://autoexcelsior.com/wp-content/uploads/2024/05/motorsport-games-announces-sale-of-traxion.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://autoexcelsior.com/wp-content/uploads/2024/05/motorsport-games-announces-sale-of-traxion.jpg 1920w, https://autoexcelsior.com/wp-content/uploads/2024/05/motorsport-games-announces-sale-of-traxion-300x169.jpg 300w, https://autoexcelsior.com/wp-content/uploads/2024/05/motorsport-games-announces-sale-of-traxion-1024x576.jpg 1024w, https://autoexcelsior.com/wp-content/uploads/2024/05/motorsport-games-announces-sale-of-traxion-768x432.jpg 768w, https://autoexcelsior.com/wp-content/uploads/2024/05/motorsport-games-announces-sale-of-traxion-1536x864.jpg 1536w" sizes="(max-width: 1920px) 100vw, 1920px" /></div>Motorsport Games Announces Sale of Traxion Motorsport Games Announces Sale of Traxion MIAMI, May 01, 2024 (GLOBE NEWSWIRE) &#8212; Motorsport Games Inc. (NASDAQ: MSGM) (the “Company” or “Motorsport Games”), a racing game developer, publisher, and esports ecosystem provider of official motorsport racing series throughout the world, is today announcing the sale of its gaming media [&#8230;]]]></description>
  1629. <content:encoded><![CDATA[<div style="margin-bottom:20px;"><img width="1920" height="1080" src="https://autoexcelsior.com/wp-content/uploads/2024/05/motorsport-games-announces-sale-of-traxion.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://autoexcelsior.com/wp-content/uploads/2024/05/motorsport-games-announces-sale-of-traxion.jpg 1920w, https://autoexcelsior.com/wp-content/uploads/2024/05/motorsport-games-announces-sale-of-traxion-300x169.jpg 300w, https://autoexcelsior.com/wp-content/uploads/2024/05/motorsport-games-announces-sale-of-traxion-1024x576.jpg 1024w, https://autoexcelsior.com/wp-content/uploads/2024/05/motorsport-games-announces-sale-of-traxion-768x432.jpg 768w, https://autoexcelsior.com/wp-content/uploads/2024/05/motorsport-games-announces-sale-of-traxion-1536x864.jpg 1536w" sizes="(max-width: 1920px) 100vw, 1920px" /></div><div style="float:right;padding:0 0 15px 20px;margin:15px 0 20px 20px;width:300px">
  1630. <p>Motorsport Games Announces Sale of Traxion</p>
  1631. <figure> <img decoding="async" src="https://ml.globenewswire.com/Resource/Download/38ca6dc5-dde9-4b64-9420-929027a037a4" title="Motorsport Games Announces Sale of Traxion" alt="Motorsport Games Announces Sale of Traxion" /><figcaption>Motorsport Games Announces Sale of Traxion</figcaption></figure>
  1632. </p></div>
  1633. <p align="justify">MIAMI, May 01, 2024 (GLOBE NEWSWIRE) &#8212; Motorsport Games Inc. (NASDAQ: MSGM) (the “Company” or “Motorsport Games”), a racing game developer, publisher, and esports ecosystem provider of official motorsport racing series throughout the world, is today announcing the sale of its gaming media outlet Traxion to Traxion.GG Ltd, a UK subsidiary of Grid Finder Ltd for $250,000. This strategic decision continues Motorsport Games’ ongoing efforts to streamline operations, reduce operational costs and sell off components not considered core to the future of the business.</p>
  1634. <p align="justify">The sale is expected to allow Motorsport Games to focus more intensely on development of high-quality racing games with $200,000 of the deal in cash and $50,000 in future marketing efforts through the outlet. Motorsport Games retains the option to access the video platforms for future broadcasts of the Le Mans Virtual Series and 24 Hours of Le Mans Virtual.</p>
  1635. <p align="justify">“This transaction is another component piece in our strategy to leverage elements of market value, bringing cash into the business whilst doubling-down on our primary focus – high-quality gaming products,” commented Stephen Hood, CEO and President of Motorsport Games. “Traxion stood for quality racing game journalism, helped grow the racing video games and simulation market &#8211; and we are excited to see the brand revived under new ownership.”</p>
  1636. <p align="justify">Thomas Stapley-Bunton, CEO and Founder of Grid Finder said, “Traxion.GG has always been considered to be the pinnacle of journalism and content by the wider online racing and sim racing community. Reviving the brand with the original team is a huge win for the online racing community and brings with it exciting opportunities to combine the power of Grid Finder&#8217;s new community management tools and marketplaces with the best online racing content site in the world.”</p>
  1637. <p align="justify"><strong>About Motorsport Games:</strong></p>
  1638. <p align="justify">Motorsport Games, a Driven Lifestyle Group company, is a racing game developer, publisher and esports ecosystem provider of official motorsport racing series. Combining innovative and engaging video games with exciting esports competitions and content for racing fans and gamers, Motorsport Games strives to make racing games that are authentically close to reality. The Company is the officially licensed video game developer and publisher for iconic motorsport racing series including the 24 Hours of Le Mans and the FIA World Endurance Championship, recently releasing <em>Le Mans Ultimate</em> in Early Access. Motorsport Games also owns the industry leading rFactor 2 and KartKraft simulation platforms. rFactor 2 also serves as the official sim racing platform of Formula E, while also powering F1 Arcade through a partnership with Kindred Concepts. Motorsport Games is also an award-winning esports partner of choice for the 24 Hours of Le Mans, creating the renowned <em>Le Mans Virtual Series</em>. Motorsport Games is building a virtual racing ecosystem where each product drives excitement, every esports event is an adventure, and every race inspires.</p>
  1639. <p align="justify">For more information about Motorsport Games visit: www.motorsportgames.com.</p>
  1640. <p align="justify"><strong><u>Forward-Looking Statements</u></strong></p>
  1641. <p align="justify">Certain statements in this press release which are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are provided pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Any statements in this press release that are not statements of historical fact may be deemed forward-looking statements. Words such as “continue,” “will,” “may,” “could,” “should,” “expect,” “expected,” “plans,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” and similar expressions are intended to identify such forward-looking statements.</p>
  1642. <p align="justify">These forward-looking statements include, but are not limited to, statements concerning the expected benefits of the sale of Traxion, including streamlining operations, reducing operational costs and selling off components not considered core to the future of the business of the Company. All forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, many of which are generally outside the control of Motorsport Games and are difficult to predict. Examples of such risks and uncertainties include, without limitation: difficulties, delays in or unanticipated events that may impact the timing and expected benefits of the sale of Traxion, whether the sale of Traxion will result in streamlining operations and/or reducing operational costs, whether the sale of Trax will allow Motorsport Games to focus more intensely on development of high-quality racing games, whether such new products (if developed) will meet the expectations of the fans, users and spectators, whether Traxion.GG was or will be the pinnacle of journalism and/or content for online racing and sim racing community, whether reviving Traxion brand is a win for the online racing community, whether Traxion will bring opportunities to combine the power of Grid Finder&#8217;s new community management tools and marketplaces with the racing content and whether such content would be the best online racing content site in the world. Factors other than those referred to above could also cause Motorsport Games’ results to differ materially from expected results.</p>
  1643. <p align="justify">Additional factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements can be found in Motorsport Games’ filings with the Securities and Exchange Commission (the “SEC”), including its Annual Report on Form 10-K for the fiscal year ended December 31, 2023, as well as in its subsequent filings with the SEC. Motorsport Games anticipates that subsequent events and developments may cause its plans, intentions and expectations to change. Motorsport Games assumes no obligation, and it specifically disclaims any intention or obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by law. Forward-looking statements speak only as of the date they are made and should not be relied upon as representing Motorsport Games’ plans and expectations as of any subsequent date. Additionally, the business and financial materials and any other statement or disclosure on, or made available through, Motorsport Games’ website or other websites referenced or linked to this press release shall not be incorporated by reference into this press release.</p>
  1644. <p align="justify"><strong><u>Website and Social Media Disclosure</u></strong></p>
  1645. <p>Investors and others should note that we announce material financial information to our investors using our investor relations website (ir.motorsportgames.com), SEC filings, press releases, public conference calls and webcasts. We use these channels, as well as social media and blogs, to communicate with our investors and the public about our company and our products. It is possible that the information we post on our websites, social media and blogs could be deemed to be material information. Therefore, we encourage investors, the media and others interested in our company to review the information we post on the websites, social media channels and blogs, including the following (which list we will update from time to time on our investor relations website):</p>
  1646. <table style="border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; border-collapse: collapse; width:100%; border-collapse:collapse ;">
  1647. <tr>
  1648. <td style="border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; vertical-align: top ; "><strong> Websites</strong></td>
  1649. <td style="border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; vertical-align: top ; "><strong> Social Media </strong></td>
  1650. </tr>
  1651. <tr>
  1652. <td style="border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; vertical-align: top ; ">motorsportgames.com</td>
  1653. <td style="border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; vertical-align: top ; ">Twitter: @msportgames</td>
  1654. </tr>
  1655. <tr>
  1656. <td style="border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; vertical-align: top ; ">  </td>
  1657. <td style="border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; vertical-align: top ; ">Instagram: msportgames</td>
  1658. </tr>
  1659. <tr>
  1660. <td style="border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; vertical-align: top ; "> </td>
  1661. <td style="border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; vertical-align: top ; ">Facebook: Motorsport Games</td>
  1662. </tr>
  1663. <tr>
  1664. <td style="border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; vertical-align: top ; "> </td>
  1665. <td style="border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; vertical-align: top ; ">LinkedIn: Motorsport Games</td>
  1666. </tr>
  1667. </table>
  1668. <p align="justify">The contents of these websites and social media channels are not part of, nor will they be incorporated by reference into, this press release.</p>
  1669. <p align="justify"><strong>Contacts:</strong></p>
  1670. <p align="justify">Investors:<br />Investors@motorsportgames.com</p>
  1671. <p align="justify">Media:<br />PR@motorsportgames.com</p>
  1672. <p>A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/38ca6dc5-dde9-4b64-9420-929027a037a4</p>
  1673. <p><img src='https://ml.globenewswire.com/media/NGVmZmQ0NDQtZmEyZS00ZGIxLTk2NmItN2FiMmRjZWJmNjlmLTEwMzE3Mzg=/tiny/Motorsport-Games-Inc-.png' referrerpolicy='no-referrer-when-downgrade' /></p>
  1674. ]]></content:encoded>
  1678. </item>
  1679. <item>
  1680. <title>NIO Inc. Provides April 2024 Delivery Update</title>
  1681. <link>https://autoexcelsior.com/nio-inc-provides-april-2024-delivery-update/52323/</link>
  1683. <dc:creator><![CDATA[GlobeNewswire]]></dc:creator>
  1684. <pubDate>Wed, 01 May 2024 09:30:00 +0000</pubDate>
  1685. <category><![CDATA[Brand Post]]></category>
  1686. <guid isPermaLink="false">https://autoexcelsior.com/nio-inc-provides-april-2024-delivery-update</guid>
  1687.  
  1688. <description><![CDATA[NIO delivered 15,620 vehicles in April 2024, increasing by 134.6% year-over-year NIO delivered 45,673 vehicles year-to-date in 2024, increasing by 21.2% year-over-year Cumulative deliveries of NIO vehicles reached 495,267 as of April 30, 2024 SHANGHAI, China, May 01, 2024 (GLOBE NEWSWIRE) &#8212; NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) (“NIO” or the “Company”), a pioneer [&#8230;]]]></description>
  1689. <content:encoded><![CDATA[<ul>
  1690. <li style="text-align:justify;"><em>NIO delivered 15,620 vehicles in April 2024,</em> <em>increasing by 134.6% year-over-year</em></li>
  1691. <li style="text-align:justify;"><em>NIO delivered 45,673 vehicles year-to-date in 2024, increasing by 21.2% year-over-year </em></li>
  1692. <li style="text-align:justify;"><em>Cumulative deliveries of NIO vehicles reached 495,267 as of April 30, 2024</em></li>
  1693. </ul>
  1694. <p align="justify">SHANGHAI, China, May 01, 2024 (GLOBE NEWSWIRE) &#8212; NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) (“NIO” or the “Company”), a pioneer and a leading company in the premium smart electric vehicle market, today announced its April 2024 delivery results.</p>
  1695. <p align="justify">NIO delivered 15,620 vehicles in April 2024, representing a strong increase of 134.6% year-over-year. The deliveries consisted of 8,817 premium smart electric SUVs, and 6,803 premium smart electric sedans. Cumulative deliveries of NIO vehicles reached 495,267 as of April 30, 2024.</p>
  1696. <p align="justify">On April 25, 2024, NIO launched its 2024 ET7, a premium smart electric executive sedan. Featuring major enhancements in interior and exterior design and digital cockpit, the ET7 is tailored to cater to the demands of premium executive users. Deliveries of the 2024 ET7 began on April 30, 2024.</p>
  1697. <p align="justify">On April 25, 2024, NIO entered into a strategic cooperation with Lotus Technology, a leading global luxury electric vehicle maker, on charging and swapping. NIO has consistently pursued cooperation on charging and swapping technologies and has previously formed strategic partnerships with Changan Automobile, Geely Group, JAC Group and Chery Automobile on battery swapping. NIO is dedicated to advancing technological innovation and standardization for charging and swapping, as well as promoting a large-scale standardized power network to provide users with efficient and convenient recharging experiences.</p>
  1698. <p align="justify"><strong>About NIO Inc. </strong><br />NIO Inc. is a pioneer and a leading company in the premium smart electric vehicle market. Founded in November 2014, NIO’s mission is to shape a joyful lifestyle. NIO aims to build a community starting with smart electric vehicles to share joy and grow together with users. NIO designs, develops, manufactures and sells premium smart electric vehicles, driving innovations in next-generation technologies in assisted and intelligent driving, digital technologies, electric powertrains and batteries. NIO differentiates itself through its continuous technological breakthroughs and innovations, such as the industry-leading battery swapping technologies, Battery as a Service, or BaaS, as well as proprietary NIO Assisted and Intelligent Driving and its subscription services.</p>
  1699. <p align="justify"><strong>Safe Harbor Statement </strong><br />This press release contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to” and similar statements. NIO may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the “SEC”), in its annual report to shareholders, in announcements, circulars or other publications made on the websites of each of The Stock Exchange of Hong Kong Limited (the “SEHK”) and the Singapore Exchange Securities Trading Limited (the “SGX-ST”), in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about NIO’s beliefs, plans and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: NIO’s strategies; NIO’s future business development, financial condition and results of operations; NIO’s ability to develop and manufacture vehicles of sufficient quality and appeal to customers on schedule and on a large scale; its ability to ensure and expand manufacturing capacities including establishing and maintaining partnerships with third parties; its ability to provide convenient and comprehensive power solutions to its customers; the viability, growth potential and prospects of the battery swapping, BaaS, and NIO Assisted and Intelligent Driving and its subscription services; its ability to improve the technologies or develop alternative technologies in meeting evolving market demand and industry development; NIO’s ability to satisfy the mandated safety standards relating to motor vehicles; its ability to secure supply of raw materials or other components used in its vehicles; its ability to secure sufficient reservations and sales of its vehicles; its ability to control costs associated with its operations; its ability to build its current and future brands; general economic and business conditions globally and in China and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in NIO’s filings with the SEC and the announcements and filings on the websites of each of the SEHK and SGX-ST. All information provided in this press release is as of the date of this press release, and NIO does not undertake any obligation to update any forward-looking statement, except as required under applicable law.</p>
  1700. <p align="justify">For more information, please visit: http://ir.nio.com</p>
  1701. <p align="justify"><strong>Investor Relations</strong><br />ir@nio.com</p>
  1702. <p align="justify"><strong>Media Relations</strong><br />global.press@nio.com </p>
  1703. <p><img src='https://ml.globenewswire.com/media/NWM4NjFhYWItNDMyMC00MzA1LWI0NTctNmM5MWU2ZGNmNzFjLTExMzQ0NzI=/tiny/NIO-Inc-.png' referrerpolicy='no-referrer-when-downgrade'/></p>
  1704. ]]></content:encoded>
  1708. </item>
  1709. <item>
  1710. <title>XPENG Announces Vehicle Delivery Results for April 2024</title>
  1711. <link>https://autoexcelsior.com/xpeng-announces-vehicle-delivery-results-for-april-2024/52324/</link>
  1713. <dc:creator><![CDATA[GlobeNewswire]]></dc:creator>
  1714. <pubDate>Wed, 01 May 2024 09:00:00 +0000</pubDate>
  1715. <category><![CDATA[Brand Post]]></category>
  1716. <guid isPermaLink="false">https://autoexcelsior.com/xpeng-announces-vehicle-delivery-results-for-april-2024</guid>
  1717.  
  1718. <description><![CDATA[<div style="margin-bottom:20px;"><img width="1200" height="628" src="https://autoexcelsior.com/wp-content/uploads/2024/05/xpeng-announces-vehicle-delivery-results-for-april-2024.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://autoexcelsior.com/wp-content/uploads/2024/05/xpeng-announces-vehicle-delivery-results-for-april-2024.jpg 1200w, https://autoexcelsior.com/wp-content/uploads/2024/05/xpeng-announces-vehicle-delivery-results-for-april-2024-300x157.jpg 300w, https://autoexcelsior.com/wp-content/uploads/2024/05/xpeng-announces-vehicle-delivery-results-for-april-2024-1024x536.jpg 1024w, https://autoexcelsior.com/wp-content/uploads/2024/05/xpeng-announces-vehicle-delivery-results-for-april-2024-768x402.jpg 768w" sizes="(max-width: 1200px) 100vw, 1200px" /></div>9,393 vehicles delivered in April 2024, a 33% increase year-on-year X9 MPV cumulative deliveries nearing 10,000 units since its launch in January GUANGZHOU, China, May 01, 2024 (GLOBE NEWSWIRE) &#8212; XPeng Inc. (“XPENG” or the “Company,” NYSE: XPEV and HKEX: 9868), a leading Chinese smart electric vehicle (“Smart EV”) company, today announced its vehicle delivery [&#8230;]]]></description>
  1719. <content:encoded><![CDATA[<div style="margin-bottom:20px;"><img width="1200" height="628" src="https://autoexcelsior.com/wp-content/uploads/2024/05/xpeng-announces-vehicle-delivery-results-for-april-2024.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://autoexcelsior.com/wp-content/uploads/2024/05/xpeng-announces-vehicle-delivery-results-for-april-2024.jpg 1200w, https://autoexcelsior.com/wp-content/uploads/2024/05/xpeng-announces-vehicle-delivery-results-for-april-2024-300x157.jpg 300w, https://autoexcelsior.com/wp-content/uploads/2024/05/xpeng-announces-vehicle-delivery-results-for-april-2024-1024x536.jpg 1024w, https://autoexcelsior.com/wp-content/uploads/2024/05/xpeng-announces-vehicle-delivery-results-for-april-2024-768x402.jpg 768w" sizes="(max-width: 1200px) 100vw, 1200px" /></div><ul type="disc">
  1720. <li style="margin-top:6pt; margin-bottom:6pt;"><strong>9,393 vehicles delivered in April 2024, a 33% increase year-on-year</strong></li>
  1721. <li style="margin-top:6pt; margin-bottom:6pt;"><strong>X9 MPV cumulative deliveries nearing 10,000 units since its launch in January</strong></li>
  1722. </ul>
  1723. <p align="justify">GUANGZHOU, China, May 01, 2024 (GLOBE NEWSWIRE) &#8212; XPeng Inc. (“XPENG” or the “Company,” NYSE: XPEV and HKEX: 9868), a leading Chinese smart electric vehicle (“Smart EV”) company, today announced its vehicle delivery results for April 2024.</p>
  1724. <p align="justify">In April 2024, XPENG delivered 9,393 Smart EVs, representing a 33% increase year-on-year, up 4% over the prior month. The XPENG X9 achieved monthly deliveries of 1,959 units in April, with cumulative deliveries nearing 10,000 units since its launch, maintaining its position as the top-selling all-electric MPV in China. Year-to-date, XPENG has delivered 31,214 Smart EVs, a 23% increase year-on-year.</p>
  1725. <p align="justify">In April, the monthly active user penetration rate of XNGP in urban driving scenarios reached 82%.</p>
  1726. <p align="justify">During the same month, XPENG successfully conducted tests for its NGP functions on the highways in Germany, making steady progress in the R&amp;D phase toward the rollout of Highway NGP for overseas markets.</p>
  1727. <p align="justify">At the Beijing Auto Show 2024, XPENG showcased its latest AI-powered innovations, including the XOS 5.1.0 or Tianji OS. The latest XOS represents the industry&#8217;s first OS integrating AI into both smart cockpits and smart driving, set for release on May 20, 2024.</p>
  1728. <p align="justify">Pioneering the smart driving experience, XPENG also leads the industry with one of the first neural network-based planning and control large models &#8211; XPlanner, enhancing the human-like capabilities of its XNGP ADAS. Moreover, XPENG previewed the AI Valet Driver, leveraging advanced AI for superior visual perception and control. This feature can memorize and customize up to 10 driving routes of 100km each, ensuring seamless nationwide overage regardless of XNGP&#8217;s availability.</p>
  1729. <p align="justify">Furthermore, XPENG announced its new brand, MONA (Made of New AI), to debut in June 2024.</p>
  1730. <p align="justify"><strong>About XPENG</strong></p>
  1731. <p align="justify">XPENG is a leading Chinese Smart EV company that designs, develops, manufactures, and markets Smart EVs that appeal to the large and growing base of technology-savvy middle-class consumers. Its mission is to drive Smart EV transformation with technology, shaping the mobility experience of the future. In order to optimize its customers’ mobility experience, XPENG develops in-house its full-stack advanced driver-assistance system technology and in-car intelligent operating system, as well as core vehicle systems including powertrain and the electrical/electronic architecture. XPENG is headquartered in Guangzhou, China, with main offices in Beijing, Shanghai, Silicon Valley, San Diego and Amsterdam. The Company’s Smart EVs are mainly manufactured at its plants in Zhaoqing and Guangzhou, Guangdong province. For more information, please visit https://www.xpeng.com/.</p>
  1732. <p align="justify"><strong>Safe Harbor Statement</strong></p>
  1733. <p align="justify">This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Statements that are not historical facts, including statements about XPENG’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: XPENG’s goal and strategies; XPENG’s expansion plans; XPENG’s future business development, financial condition and results of operations; the trends in, and size of, China’s EV market; XPENG’s expectations regarding demand for, and market acceptance of, its products and services; XPENG’s expectations regarding its relationships with customers, suppliers, third-party service providers, strategic partners and other stakeholders; general economic and business conditions; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in XPENG’s filings with the United States Securities and Exchange Commission. All information provided in this announcement is as of the date of this announcement, and XPENG does not undertake any obligation to update any forward-looking statement, except as required under applicable law.</p>
  1734. <p><strong>Contacts:</strong></p>
  1735. <p><strong>For Investor Enquiries:</strong></p>
  1736. <p>IR Department</p>
  1737. <p>XPeng Inc.</p>
  1738. <p>Email: ir@xiaopeng.com</p>
  1739. <p>Jenny Cai</p>
  1740. <p>Piacente Financial Communications</p>
  1741. <p>Tel: +1 212 481 2050 / +86 10 6508 0677</p>
  1742. <p>Email: xpeng@tpg-ir.com</p>
  1743. <p><strong>For Media Enquiries:</strong></p>
  1744. <p>PR Department</p>
  1745. <p>XPeng Inc.</p>
  1746. <p>Email: pr@xiaopeng.com</p>
  1747. <p>Source: XPeng Inc.</p>
  1748. <p><img src='https://ml.globenewswire.com/media/ZGRmNzYzMDEtYTgyZC00Njg3LWE0ZDctMDA4NTBkNWRmMDE0LTUwMDExOTc2OA==/tiny/XPeng-Inc-.png' referrerpolicy='no-referrer-when-downgrade' /></p>
  1749. ]]></content:encoded>
  1753. </item>
  1754. <item>
  1755. <title>Completion of the First Tranche of Stellantis 2024 Share Buyback Program and Weekly Report (April 26-29, 2024)</title>
  1756. <link>https://autoexcelsior.com/completion-of-the-first-tranche-of-stellantis-2024-share-buyback-program-and-weekly-report-april-26-29-2024/52326/</link>
  1758. <dc:creator><![CDATA[GlobeNewswire]]></dc:creator>
  1759. <pubDate>Wed, 01 May 2024 07:15:00 +0000</pubDate>
  1760. <category><![CDATA[Brand Post]]></category>
  1761. <guid isPermaLink="false">https://autoexcelsior.com/completion-of-the-first-tranche-of-stellantis-2024-share-buyback-program-and-weekly-report-april-26-29-2024</guid>
  1762.  
  1763. <description><![CDATA[<div style="margin-bottom:20px;"><img width="2560" height="1810" src="https://autoexcelsior.com/wp-content/uploads/2024/05/completion-of-the-first-tranche-of-stellantis-2024-share-buyback-program-and-weekly-report-april-26-29-2024-scaled.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://autoexcelsior.com/wp-content/uploads/2024/05/completion-of-the-first-tranche-of-stellantis-2024-share-buyback-program-and-weekly-report-april-26-29-2024-scaled.jpg 2560w, https://autoexcelsior.com/wp-content/uploads/2024/05/completion-of-the-first-tranche-of-stellantis-2024-share-buyback-program-and-weekly-report-april-26-29-2024-300x212.jpg 300w, https://autoexcelsior.com/wp-content/uploads/2024/05/completion-of-the-first-tranche-of-stellantis-2024-share-buyback-program-and-weekly-report-april-26-29-2024-1024x724.jpg 1024w, https://autoexcelsior.com/wp-content/uploads/2024/05/completion-of-the-first-tranche-of-stellantis-2024-share-buyback-program-and-weekly-report-april-26-29-2024-768x543.jpg 768w, https://autoexcelsior.com/wp-content/uploads/2024/05/completion-of-the-first-tranche-of-stellantis-2024-share-buyback-program-and-weekly-report-april-26-29-2024-1536x1086.jpg 1536w, https://autoexcelsior.com/wp-content/uploads/2024/05/completion-of-the-first-tranche-of-stellantis-2024-share-buyback-program-and-weekly-report-april-26-29-2024-2048x1448.jpg 2048w" sizes="(max-width: 2560px) 100vw, 2560px" /></div>Completion of the First Tranche of Stellantis 2024 Share Buyback Program and Weekly Report (April 26-29, 2024) AMSTERDAM, May 1, 2024 &#8211; Stellantis N.V. (“Stellantis” or the “Company”) announced today that its First Tranche of the 2024 Share Buyback Program announced February 28, 2024, covering up to €1 billion to be executed in the open [&#8230;]]]></description>
  1764. <content:encoded><![CDATA[<div style="margin-bottom:20px;"><img width="2560" height="1810" src="https://autoexcelsior.com/wp-content/uploads/2024/05/completion-of-the-first-tranche-of-stellantis-2024-share-buyback-program-and-weekly-report-april-26-29-2024-scaled.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://autoexcelsior.com/wp-content/uploads/2024/05/completion-of-the-first-tranche-of-stellantis-2024-share-buyback-program-and-weekly-report-april-26-29-2024-scaled.jpg 2560w, https://autoexcelsior.com/wp-content/uploads/2024/05/completion-of-the-first-tranche-of-stellantis-2024-share-buyback-program-and-weekly-report-april-26-29-2024-300x212.jpg 300w, https://autoexcelsior.com/wp-content/uploads/2024/05/completion-of-the-first-tranche-of-stellantis-2024-share-buyback-program-and-weekly-report-april-26-29-2024-1024x724.jpg 1024w, https://autoexcelsior.com/wp-content/uploads/2024/05/completion-of-the-first-tranche-of-stellantis-2024-share-buyback-program-and-weekly-report-april-26-29-2024-768x543.jpg 768w, https://autoexcelsior.com/wp-content/uploads/2024/05/completion-of-the-first-tranche-of-stellantis-2024-share-buyback-program-and-weekly-report-april-26-29-2024-1536x1086.jpg 1536w, https://autoexcelsior.com/wp-content/uploads/2024/05/completion-of-the-first-tranche-of-stellantis-2024-share-buyback-program-and-weekly-report-april-26-29-2024-2048x1448.jpg 2048w" sizes="(max-width: 2560px) 100vw, 2560px" /></div><p align="center"><strong>Completion of the First Tranche of Stellantis 2024 Share Buyback P</strong><strong>rogram and Weekly Report (April 26-29, 2024)</strong></p>
  1765. <p align="justify">AMSTERDAM, May 1, 2024 &#8211; Stellantis N.V. (“Stellantis” or the “Company”) announced today that its First Tranche of the 2024 Share Buyback Program announced February 28, 2024, covering up to €1 billion to be executed in the open market during the period between February 28, 2024 and June 5, 2024, has been completed.</p>
  1766. <p align="justify">Since February 28, 2024 up to and including April 29, 2024, the Company has purchased a total of 41,094,781 common shares for a total consideration of € 999,999,995.</p>
  1767. <p align="justify">During the period between April 26 up to and including April 29, 2024 the Company has repurchased the following common shares:</p>
  1768. <table style="border-collapse: collapse; width:410.85pt; border-collapse:collapse ;">
  1769. <tr>
  1770. <td style="width:69.4px;;text-align: center ; vertical-align: middle; border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; vertical-align: top ; "><strong>Date</strong></td>
  1771. <td style="width:108px;;text-align: center ; vertical-align: middle; border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: top ; "><strong>Number of Shares Repurchased</strong></td>
  1772. <td style="width:152px;;text-align: center ; vertical-align: middle; border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: top ; "><strong>Average Market Purchase Price in € per share </strong></td>
  1773. <td style="width:142.8px;;text-align: right ; vertical-align: middle; border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: top ; "><strong>Repurchased Volume in € (excluding fees)</strong></td>
  1774. <td style="width:75.6px;;text-align: center ; vertical-align: middle; border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: top ; "><strong>Venues</strong></td>
  1775. </tr>
  1776. <tr>
  1777. <td style="width:69.4px;;text-align: center ; vertical-align: middle; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; vertical-align: top ; ">26-apr-24</td>
  1778. <td style="width:108px;;text-align: center ; vertical-align: middle; border-right: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: top ; ">2 225 782</td>
  1779. <td style="width:152px;;text-align: center ; vertical-align: middle; border-right: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: top ; ">€23.1755</td>
  1780. <td style="width:142.8px;;text-align: right ; vertical-align: middle; border-right: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: top ; ">€51 583 712,89</td>
  1781. <td style="width:75.6px;;text-align: center ; vertical-align: middle; border-right: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: top ; ">MI</td>
  1782. </tr>
  1783. <tr>
  1784. <td style="width:69.4px;;text-align: center ; vertical-align: middle; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; vertical-align: top ; ">26-apr-24</td>
  1785. <td style="width:108px;;text-align: center ; vertical-align: middle; border-right: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: top ; ">628 440</td>
  1786. <td style="width:152px;;text-align: center ; vertical-align: middle; border-right: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: top ; ">€23.1762</td>
  1787. <td style="width:142.8px;;text-align: right ; vertical-align: middle; border-right: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: top ; ">€14 564 854,00</td>
  1788. <td style="width:75.6px;;text-align: center ; vertical-align: middle; border-right: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: top ; ">XPAR</td>
  1789. </tr>
  1790. <tr>
  1791. <td style="width:69.4px;;text-align: center ; vertical-align: middle; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; vertical-align: top ; ">26-apr-24</td>
  1792. <td style="width:108px;;text-align: center ; vertical-align: middle; border-right: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: top ; ">838 171</td>
  1793. <td style="width:152px;;text-align: center ; vertical-align: middle; border-right: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: top ; ">€23.1745</td>
  1794. <td style="width:142.8px;;text-align: right ; vertical-align: middle; border-right: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: top ; ">€19 424 155,81</td>
  1795. <td style="width:75.6px;;text-align: center ; vertical-align: middle; border-right: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: top ; ">CEUX</td>
  1796. </tr>
  1797. <tr>
  1798. <td style="width:69.4px;;text-align: center ; vertical-align: middle; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; vertical-align: top ; ">26-apr-24</td>
  1799. <td style="width:108px;;text-align: center ; vertical-align: middle; border-right: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: top ; ">103 746</td>
  1800. <td style="width:152px;;text-align: center ; vertical-align: middle; border-right: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: top ; ">€23.1724</td>
  1801. <td style="width:142.8px;;text-align: right ; vertical-align: middle; border-right: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: top ; ">€2 404 046,12</td>
  1802. <td style="width:75.6px;;text-align: center ; vertical-align: middle; border-right: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: top ; ">TQEX</td>
  1803. </tr>
  1804. <tr>
  1805. <td style="width:69.4px;;text-align: center ; vertical-align: middle; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; vertical-align: top ; ">29-apr-24</td>
  1806. <td style="width:108px;;text-align: center ; vertical-align: middle; border-right: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: top ; ">430 386</td>
  1807. <td style="width:152px;;text-align: center ; vertical-align: middle; border-right: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: top ; ">€23.0776</td>
  1808. <td style="width:142.8px;;text-align: right ; vertical-align: middle; border-right: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: top ; ">€9 932 257,43</td>
  1809. <td style="width:75.6px;;text-align: center ; vertical-align: middle; border-right: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: top ; ">MI</td>
  1810. </tr>
  1811. <tr>
  1812. <td style="width:69.4px;;text-align: center ; vertical-align: middle; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; vertical-align: top ; "><strong>Total</strong></td>
  1813. <td style="width:108px;;text-align: center ; vertical-align: middle; border-right: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: top ; "><strong>4 226 525</strong></td>
  1814. <td style="width:152px;;text-align: center ; vertical-align: middle; border-right: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: top ; "><strong>€23.1654</strong></td>
  1815. <td style="width:142.8px;;text-align: right ; vertical-align: middle; border-right: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: top ; "><strong>€97 909 026,26</strong></td>
  1816. <td style="width:75.6px;;border-right: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: top ; "> </td>
  1817. </tr>
  1818. </table>
  1819. <p align="justify">As of April 29, 2024, the Company held in treasury No. 183,185,078 common shares equal to 4.54% of the total issued share capital including the common shares and the special voting shares.</p>
  1820. <p align="justify">A comprehensive overview of the transactions carried out under the buyback program, as well as the details of the above transactions, are available on Stellantis’ corporate website under the Share Buyback Program Section www.stellantis.com/en/investors/stock-and-shareholder-info/share-buyback-program.</p>
  1821. <p align="center">###</p>
  1822. <p align="left"><strong>About Stellantis</strong></p>
  1823. <p align="justify"><em>Stellantis N.V. (NYSE: STLA / Euronext Milan: STLAM / Euronext Paris: STLAP) is one of the world’s leading automakers aiming to provide clean, safe and affordable freedom of mobility to all. It’s best known for its unique portfolio of iconic and innovative brands including Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, Fiat, Jeep®, Lancia, Maserati, Opel, Peugeot, Ram, Vauxhall, Free2move and Leasys. Stellantis is executing its Dare Forward 2030, a bold strategic plan that paves the way to achieve the ambitious target of becoming a carbon net zero mobility tech company by 2038, with single-digit percentage compensation of the remaining emissions, while creating added value for all stakeholders. For more information, visit </em><em>www.stellantis.com</em></p>
  1824. <table style="border-collapse: collapse; width:100%; border-collapse:collapse ;">
  1825. <tr>
  1826. <td style="width:38.6px;;text-align: left ; vertical-align: middle; vertical-align: middle ; "><img decoding="async" alt="" data-mce-src="/api/ImageRender/DownloadFile?resourceId=3a0a7701-a6de-47f2-9e87-f41dfdeb386e&amp;size=3" height="30.74px" name="GNW_RichHtml_IMG" src="https://ml-eu.globenewswire.com/Resource/Download/3a0a7701-a6de-47f2-9e87-f41dfdeb386e/image1.png" width="31.87px" /></td>
  1827. <td style="width:122.34px;;text-align: left ; vertical-align: middle; vertical-align: top ; ">@Stellantis</td>
  1828. <td style="width:38px;;text-align: left ; vertical-align: middle; vertical-align: middle ; "><img decoding="async" alt="" data-mce-src="/api/ImageRender/DownloadFile?resourceId=95ca0272-792d-4f12-88bf-8dd1b5b56979&amp;size=3" height="30.74px" name="GNW_RichHtml_IMG" src="https://ml-eu.globenewswire.com/Resource/Download/95ca0272-792d-4f12-88bf-8dd1b5b56979/image2.png" width="30.74px" /></td>
  1829. <td style="width:108.27px;;text-align: left ; vertical-align: middle; vertical-align: top ; ">Stellantis</td>
  1830. <td style="width:37.07px;;text-align: left ; vertical-align: middle; vertical-align: middle ; "><img decoding="async" alt="" data-mce-src="/api/ImageRender/DownloadFile?resourceId=d992d3e4-dbdd-49dc-af3d-c2d29f47fe69&amp;size=3" height="30.74px" name="GNW_RichHtml_IMG" src="https://ml-eu.globenewswire.com/Resource/Download/d992d3e4-dbdd-49dc-af3d-c2d29f47fe69/image3.png" width="30.67px" /></td>
  1831. <td style="width:106.07px;;text-align: left ; vertical-align: middle; vertical-align: top ; ">Stellantis</td>
  1832. <td style="width:37.87px;;text-align: left ; vertical-align: middle; vertical-align: middle ; "><img decoding="async" alt="" data-mce-src="/api/ImageRender/DownloadFile?resourceId=df4cecfc-2404-476a-9001-68cd0d9ec10e&amp;size=3" height="30.74px" name="GNW_RichHtml_IMG" src="https://ml-eu.globenewswire.com/Resource/Download/df4cecfc-2404-476a-9001-68cd0d9ec10e/image4.png" width="31.87px" /></td>
  1833. <td colspan="2" style="width:70.87px;;text-align: left ; vertical-align: middle; vertical-align: top ; ">Stellantis</td>
  1834. </tr>
  1835. <tr>
  1836. <td colspan="8" style="width:557.6px;;vertical-align: top ; "> </p>
  1837. <p><strong>For more information, contact:</strong></p>
  1838. <p>communications@stellantis.com<br />www.stellantis.com</td>
  1839. <td> </td>
  1840. </tr>
  1841. </table>
  1842. <p align="left">FORWARD-LOOKING STATEMENTS</p>
  1843. <p align="justify"><em>This communication contains forward-looking statements. In particular, statements regarding future events and anticipated results of operations, business strategies, the anticipated benefits of the proposed transaction, future financial and operating results, the anticipated closing date for the proposed transaction and other anticipated aspects of our operations or operating results are forward-looking statements. These statements may include terms such as “may”, “will”, “expect”, “could”, “should”, “intend”, “estimate”, “anticipate”, “believe”, “remain”, “on track”, “design”, “target”, “objective”, “goal”, “forecast”, “projection”, “outlook”, “prospects”, “plan”, or similar terms. Forward-looking statements are not guarantees of future performance. Rather, they are based on Stellantis’ current state of knowledge, future expectations and projections about future events and are by their nature, subject to inherent risks and uncertainties. They relate to events and depend on circumstances that may or may not occur or exist in the future and, as such, undue reliance should not be placed on them.</em></p>
  1844. <p align="justify"><em>Actual results may differ materially from those expressed in forward-looking statements as a result of a variety of factors, including: the ability of Stellantis to launch new products successfully and to maintain vehicle shipment volumes; changes in the global financial markets, general economic environment and changes in demand for automotive products, which is subject to cyclicality; Stellantis’ ability to successfully manage the industry-wide transition from internal combustion engines to full electrification; Stellantis’ ability to offer innovative, attractive products and to develop, manufacture and sell vehicles with advanced features including enhanced electrification, connectivity and autonomous-driving characteristics; Stellantis’ ability to produce or procure electric batteries with competitive performance, cost and at required volumes; Stellantis’ ability to successfully launch new businesses and integrate acquisitions; a significant malfunction, disruption or security breach compromising information technology systems or the electronic control systems contained in Stellantis’ vehicles; exchange rate fluctuations, interest rate changes, credit risk and other market risks; increases in costs, disruptions of supply or shortages of raw materials, parts, components and systems used in Stellantis’ vehicles; changes in local economic and political conditions; changes in trade policy, the imposition of global and regional tariffs or tariffs targeted to the automotive industry, the enactment of tax reforms or other changes in tax laws and regulations; the level of governmental economic incentives available to support the adoption of battery electric vehicles; the impact of increasingly stringent regulations regarding fuel efficiency requirements and reduced greenhouse gas and tailpipe emissions; various types of claims, lawsuits, governmental investigations and other contingencies, including product liability and warranty claims and environmental claims, investigations and lawsuits; material operating expenditures in relation to compliance with environmental, health and safety regulations; the level of competition in the automotive industry, which may increase due to consolidation and new entrants; Stellantis’ ability to attract and retain experienced management and employees; exposure to shortfalls in the funding of Stellantis’ defined benefit pension plans; Stellantis’ ability to provide or arrange for access to adequate financing for dealers and retail customers and associated risks related to the operations of financial services companies; Stellantis’ ability to access funding to execute its business plan; Stellantis’ ability to realize anticipated benefits from joint venture arrangements; disruptions arising from political, social and economic instability; risks associated with Stellantis’ relationships with employees, dealers and suppliers; Stellantis’ ability to maintain effective internal controls over financial reporting; developments in labor and industrial relations and developments in applicable labor laws; earthquakes or other disasters; risks and other items described in Stellantis’ Annual Report on Form 20-F for the year ended December 31, 2023 and Current Reports on Form 6-K and amendments thereto filed with the SEC; and other risks and uncertainties.</em></p>
  1845. <p align="justify"><em> Any forward-looking statements contained in this communication speak only as of the date of this document and Stellantis disclaims any obligation to update or revise publicly forward-looking statements. Further information concerning Stellantis and its businesses, including factors that could materially affect Stellantis’ financial results, is included in Stellantis’ reports and filings with the U.S. Securities and Exchange Commission and AFM.</em></p>
  1846. <p />
  1847. <p id="gnw_attachments_section-header"> <strong>Attachment</strong> </p>
  1848. <ul id="gnw_attachments_section-items">
  1849. <li> PR 01 05 2024-Stellantis-Completion of First Tranche share Buyback Program and Weekly-Report </li>
  1850. </ul>
  1851. <p><img src='https://ml-eu.globenewswire.com/media/MzM4YTJmYTItMzJhOS00Yjk1LWJkNWMtYThiYmYyZGMwYTkzLTEyMjA4NjY=/tiny/STELLANTIS-N-V.png' referrerpolicy='no-referrer-when-downgrade' /></p>
  1852. ]]></content:encoded>
  1856. </item>
  1857. <item>
  1858. <title>Greaves Electric Mobility introduces India&#8217;s first high-performance family electric scooter &#8211; Ampere Nexus, at a starting price of Rs 1,09,900</title>
  1859. <link>https://autoexcelsior.com/greaves-electric-mobility-introduces-indias-first-high-performance-family-electric-scooter-ampere-nexus-at-a-starting-price-of-rs-109900/52319/</link>
  1861. <dc:creator><![CDATA[PR Newswire]]></dc:creator>
  1862. <pubDate>Tue, 30 Apr 2024 09:51:00 +0000</pubDate>
  1863. <category><![CDATA[Brand Post]]></category>
  1864. <guid isPermaLink="false">https://autoexcelsior.com/greaves-electric-mobility-introduces-indias-first-high-performance-family-electric-scooter-ampere-nexus-at-a-starting-price-of-rs-109900</guid>
  1865.  
  1866. <description><![CDATA[<div style="margin-bottom:20px;"><img width="144" height="81" src="https://autoexcelsior.com/wp-content/uploads/2024/04/greaves-electric-mobility-introduces-indias-first-high-performance-family-electric-scooter-ampere-nexus-at-a-starting-price-of-rs-109900.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" /></div>Entirely designed, developed, and manufactured in India, boasting Best in Class technology and features Achieved four iconic records during the expedition from Kashmir to Kanyakumari NEW DELHI, April 30, 2024 /PRNewswire/ &#8212; Greaves Electric Mobility Private Limited (GEMPL), the e-mobility arm of Greaves Cotton Limited, today introduces its first high-performance family electric scooter, the Ampere [&#8230;]]]></description>
  1867. <content:encoded><![CDATA[<div style="margin-bottom:20px;"><img width="144" height="81" src="https://autoexcelsior.com/wp-content/uploads/2024/04/greaves-electric-mobility-introduces-indias-first-high-performance-family-electric-scooter-ampere-nexus-at-a-starting-price-of-rs-109900.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" /></div><ul type="disc">
  1868. <li><i>Entirely designed, developed, and manufactured in <span class="xn-location">India</span>, boasting Best in Class technology and features</i></li>
  1869. <li><i>Achieved four iconic records during the expedition from <span class="xn-location">Kashmir</span> to Kanyakumari</i></li>
  1870. </ul>
  1871. <p><span class="legendSpanClass"><span class="xn-location">NEW DELHI</span></span>, <span class="legendSpanClass"><span class="xn-chron">April 30, 2024</span></span> /PRNewswire/ &#8212; Greaves Electric Mobility Private Limited (GEMPL), the e-mobility arm of Greaves Cotton Limited, today introduces its first high-performance family electric scooter, the Ampere Nexus, starting at INR 1,09,900 (ex-showroom). Ampere Nexus is entirely designed, developed, and manufactured in <span class="xn-location">India</span>, featuring multiple first-ever innovations and class-leading specifications. </p>
  1872. <div class="PRN_ImbeddedAssetReference" id="DivAssetPlaceHolder1">
  1873. <p>  <img decoding="async" alt="Ampere Nexus Launch" src="https://mma.prnewswire.com/media/2401376/Ampere_Nexus_Launch.jpg" title="Ampere Nexus Launch"></img>  </p>
  1874. </p></div>
  1875. <p>The Ampere Nexus comes in four attractive colours: <b>Zanskar Aqua, Indian Red, Lunar White, and Steel Grey.</b> This diverse colour palette ensures riders have a spectrum of appealing choices to suit their preferences. High-performance and family-focused features redefine the electric scooter experience, providing unparalleled comfort, style, performance, intelligence, and safety.</p>
  1876. <ul type="disc">
  1877. <li><i>Best-in-class hybrid swing arm with twin suspension </i></li>
  1878. <li><i>Best-in-class aerodynamics with unique air-cool architecture </i></li>
  1879. <li><i> 4x stronger chassis with a load-stratified design enabled with Nex.Armor<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/2122.png" alt="™" class="wp-smiley" style="height: 1em; max-height: 1em;" /> </i></li>
  1880. <li><i>7&#8243; TFT Touchscreen with SmartSense technology and lightning fast boot time enabled with Nex.IO<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/2122.png" alt="™" class="wp-smiley" style="height: 1em; max-height: 1em;" /> </i></li>
  1881. <li><i>Safest LFP chemistry with 1.3 times more cycle life and<b> fastest charging time of 3hr 22mins</b></i></li>
  1882. <li><i>Brightest in the category Diamond Cut Headlamps and Arctic Tern-inspired Taillamps</i></li>
  1883. <li><i>Functionally designed large seat with crafted lightweight aluminium grab handle</i></li>
  1884. <li><b><i>93 kmph top speed</i></b><i> with <b>five riding modes</b> and <b>136 km certified range</b></i></li>
  1885. <li><i>Premium Seamless design without visible nuts and bolts</i></li>
  1886. </ul>
  1887. <p><b>Mr <span class="xn-person">K. Vijaya Kumar</span>, Executive Director &amp; CEO of Greaves Electric Mobility Private Limited, said, </b><i>&#8220;The launch of Ampere Nexus high-speed electric scooter marks a momentous achievement in our commitment to sustainable transportation. This transition from leisurely to urban to high-speed models signifies a pivotal moment in our journey. With each stride forward in democratising e-mobility, we progress toward a more inclusive, sustainable future. The Ampere Nexus stands ready for those ready to Take Charge of their daily aspirations.&#8221;</i></p>
  1888. <p>Boasting a 3 kWh safest LFP battery with 30% extra battery life and a powerful mid-mount drive, this e-scooter delivers a seamless riding experience with its 4 kW peak motor power. With <b>five</b> versatile riding modes, front disc brakes and an IP67 rating, riders can effortlessly navigate all terrains and climates, including flooded conditions, validated by this scooter&#8217;s iconic pre-launch ride covering 10,000 km from <span class="xn-location">Kashmir</span> to Kanyakumari. The Ampere Nexus ensures both performance and efficiency by offering impressive speed in Power mode, along with more comfort-focused multiple city modes and reverse mode. Plus, with a remarkable CMVR-certified range of 136 km per charge, riders can explore more without worrying about recharging frequently. Crafted at the confluence of innovation and reliability, the Ampere Nexus sets a new benchmark for electric mobility, embodying the ethos of the trademarked technologies of Nex.Armor and Nex.IO.</p>
  1889. <p>The e-scooter, dubbed <b>The Nex Big Thing</b>, achieved a record-breaking journey from <span class="xn-location">Kashmir</span> to Kanyakumari. This expedition set <b>four iconic records</b> acknowledged by the <b>India Book of Records. </b>It achieved the longest electric scooter ride, spanning over 10,000 kilometres, a first in a single journey. The journey also set a record by visiting 115 cities and towns in one ride. Additionally, the scooter became the first electric scooter capable of towing a pickup truck weighing 1860 kg and an additional 140 kg from two passengers, covering 2 kilometres. Another notable achievement was the creation of the biggest electric scooter brand logo on white sand, measuring an impressive 179.8ft x 95.2 ft or 17100 sq. ft.</p>
  1890. <p>Today, you can book the Ampere Nexus in two variants (Nexus EX and Nexus ST) online. Test rides and delivery will be available at over 400 dealerships and touchpoints across <span class="xn-location">India</span> starting the second half of <span class="xn-chron">May 2024</span>.</p>
  1891. <p>Book your Nexus today &#8211; <u>Link</u> </p>
  1892. <p><b>About Greaves Electric Mobility Private Limited:</b></p>
  1893. <p>Greaves Electric Mobility Private Limited (GEMPL), the electric mobility business of Greaves Cotton Limited (GCL), is a leading player in Electric Vehicle (EV) technology in <span class="xn-location">India</span>. With comprehensive support from GCL&#8217;s EV ecosystem, GEMPL has been designing and manufacturing electric vehicles for over 13 years and has established a strong presence in the electric 2-wheeler and 3-wheeler segments. In the electric 2-wheeler segment, the &#8216;Ampere&#8217; brand is a fast-growing e-scooter brand with a strong presence in both B2C and B2B segments. Furthermore, MLR Auto Limited and Bestway Agencies Private Limited, subsidiaries of Greaves Electric Mobility Private Limited, are rapidly expanding businesses in the electric 3-wheeler segment. With a strong base of over 3 lakh satisfied customers, GEMPL is committed to creating an affordable and sustainable ecosystem that provides the country with uninterrupted, clean, and last-mile mobility solutions.</p>
  1894. <p><b>For more information, please visit:</b></p>
  1895. <p><b>https://greaveselectricmobility.com/</b> </p>
  1896. <p><b>https://ele3w.com/</b> </p>
  1897. <p><b>For more information, visit- www.greavescotton.com </b></p>
  1898. <p>Disclaimer:</p>
  1899. <p>&#8220;This press release may include statements of future expectations and other forward-looking statements based on management&#8217;s current expectations and beliefs concerning future developments and their potential effects upon  Greaves Cotton Limited and its subsidiaries/ associates (&#8220;Greaves&#8221;).  These forward-looking statements involve known or unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements.  Important factors that could cause actual results to differ materially from our expectations include, amongst others: general economic and business conditions in <span class="xn-location">India</span> and overseas, our ability to successfully implement our strategy, our research and development efforts, our growth and expansion plans and technological changes, changes in the value of the Indian Rupee and other currency changes,  changes in the Indian and international interest rates, change in laws and regulations that apply to the related industries, increasing competition in and the conditions of the related industries, changes in political conditions in  <span class="xn-location">India</span> and changes in the foreign exchange control regulations in India.  Neither Greaves, nor our directors, or any of our subsidiaries/associates assume any obligation to update any forward-looking statement contained in this release.&#8221;</p>
  1900. <p>Photo: https://mma.prnewswire.com/media/2401376/Ampere_Nexus_Launch.jpg<br /></br>Logo: https://mma.prnewswire.com/media/2183421/4215395/Greaves_Cotton_Limited_Logo.jpg</p>
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  1904. <p id="PURL"><img loading="lazy" decoding="async" alt="Cision" height="12" src="https://c212.net/c/img/favicon.png?sn=EN01248&amp;sd=2024-04-30" title="Cision" width="12"></img> View original content to download multimedia:https://www.prnewswire.com/in/news-releases/greaves-electric-mobility-introduces-indias-first-high-performance-family-electric-scooter&#8212;ampere-nexus-at-a-starting-price-of-rs-1-09-900&#8211;302131395.html</p>
  1905. <p> <img decoding="async" alt="" src="https://rt.prnewswire.com/rt.gif?NewsItemId=EN01248&amp;Transmission_Id=202404300551PR_NEWS_EURO_ND__EN01248&amp;DateId=20240430" style="border:0px; width:1px; height:1px;"></img>Disclaimer: The above press release comes to you under an arrangement with PR Newswire. Auto Excelsior takes no editorial responsibility for the same.</p>
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