Report
Geoffroy Michalet

ALD Automotive : Feedback confcall : quelques précisions et points sur les tendances de marché. Reco et OC inchangés

>Amélioration de la marge des contrats de leasing - La marge des contrats de leasing est améliorée grâce à la réduction de la dépréciation, liée aux anticipations sur la revente des voitures d’occasion. Cela se traduit par un ajustement de 63 M€ au T2 et de 67 M€ au T3 pour les contrats de leasing et de -38 M€ sur les UCS result. Le groupe réalise une réévaluation de sa flotte de véhicules 2 fois par an et s’estime toujours très prudent sur la réduction de la déprécia...
Underlying
ALD SA

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Geoffroy Michalet

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