Third Quarter 2022 Results
CPBS Specialised Businesses - 9M22
-
Arval & Leasing Solutions
€m
Arval & Leasing Solutions
Revenues
Operating Expenses and Dep.
3Q22
3Q21
3Q22/
2Q22
3Q22/
9M22
9M21
9M22 /
3Q21
2Q22
9M21
874
658
+32.9%
895
-2.2%
2,580
1,966
+31.2%
-341
-314
+8.6%
-341
-0.1%
-1,048
-971
+8.0%
Gross Operating Income
534
344
+54.9%
553
-3.6%
1,532
996
+53.8%
Cost of Risk
-38
-54
-30.5%
-49
-23.2%
-116
-120
-2.8%
Operating Income
496
291
+70.8%
505
-1.7%
1,416
876
+61.6%
Share of Earnings of Equity-Method Entities
1
3
-57.6%
1
+37.9%
6
5
+27.7%
Other Non Operating Items
5
0
n.s.
40
-88.1%
45
0
n.s.
Pre-Tax Income
Cost/Income
Allocated Equity (Ebn, year to date)
502
293
+71.2%
545
-8.0%
1,467
881
+66.5%
39.0%
47.7%
-8.7 pt
38.1%
+0.9 pt
40.6%
49.4%
-8.8 pt
3.4
3.2
+5.5%
Revenues: +31.2% vs. 9M21
•
Very good performance at Arval driven by very high used car prices and by organic growth in the
financed fleet
•
Good increase at Leasing Solutions, driven by higher outstandings
Operating expenses: +8.0% vs. 9M21
•
Growth at marginal cost with the improvement in productivity
•
Very largely positive jaws effect (+23.2 pts)
Pre-tax income: +66.5% vs. 9M21 (reminder: 9M22 impact of the effects induced by the hyperinflation
situation in Turkey (application of IAS 29) in the amount of €44m on “Other non-operating items")
BNP PARIBAS
The bank for a changing world
Third quarter 2022 results | 67View entire presentation