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Consistent 2023 results for Mobilize financial services - Industry and Analysis

2024-02-20T10:42:21.048Z

Highlights: The commercial activity of Mobilize financial services, a brand of RCI Banque SA, recorded growth during 2023. In fact, the number of cases financed increased by 6.6% compared to 2022. The amount of new financing was increased by 17.1%, supported by the increase in registrations and the average amounts financed (+9.9%). In a total share of financed vehicles of 43.4% (44.8% in 2022), that of financed electric vehicles was 48.1%. The number of service and insurance contracts sold in 2023 grew by 1.5%.


The commercial activity of Mobilize financial services, a brand of RCI Banque SA, recorded growth during 2023. (ANSA)


The commercial activity of Mobilize financial services, a brand of RCI Banque SA, recorded growth during 2023. In fact, the number of cases financed increased by 6.6% compared to 2022, while the amount of new financing was increased by 17.1%, supported by the increase in registrations and the average amounts financed (+9.9%).


    In a total share of financed vehicles of 43.4% (44.8% in 2022), that of financed electric vehicles was 48.1%, exceeding that of vehicles with traditional fuel supply by 5.2 points.

Additionally, the number of service and insurance contracts sold in 2023 grew by 1.5% compared to the previous year.


    Net revenues, down 2.7% compared to 2022, stood at 1,961 million euros, with a decline mainly due to the impact of interest rate swaps to hedge sight deposits, recorded at market value, which recorded a negative impact of 84 million euros in 2023, and a positive impact of 101 million euros in 2022.


    The average productive assets (APM), however, are increasing by 14.4% in 2023, and the savings collection increased further, with 3.8 billion euros of additional savings collected in 2023, for a share of 28.2 billion euros at the end of December 2023, which corresponds to 51.5% of the net assets of the agency.


    Finally, Mobilize Financial Services has strengthened its car rental and subscription offering by announcing the acquisition of MeinAuto in July 2023.

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Source: ansa

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