ALD Automotive : CMD sans surprise, sauf la hausse du payout, ambitions à 2025 cohérentes. Hausse de nos estimations de marge de revente, OC 13.5 € vs 11.2 €
>Un TMVA de croissance de la flotte 4.5% sur 2019/2025, en ligne avec nos attentes, de nouveaux pays et plus d’EV - Le groupe table sur 2.3M (vs 1.8M 2019) de véhicules en flotte d’ici 2025, soit un TMVA de +4.5%. Environ 1% proviendront des bolt-on, en ligne avec l’historique. Naturellement, si une opportunité plus structurante devait se présenter, le groupe se positionnerait sans hésitation tant que la création de valeur est au rendez-vous. Parmi les segments q...ALD is a service leasing and vehicle fleet management group with a fleet of more than 1,375,000 vehicles in 41 countries. Under a full-service lease, the client pays the leasing company a regular monthly lease payment to cover financing, depreciation of the vehicle and the cost of various services provided in relation to the use of the vehicle (such as maintenance, replacement car, tyre management, fuel cards and insurance). Fleet management services include the provision of outsourcing contracts to clients under which the vehicle is not owned by Co., but is managed by Co. and for which the client pays fees for the various fleet management services provided.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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