ALD Automotive : Feedback from conference call: some additional information
>Electric vehicles will soon overtake diesel vehicles - The group delivered close to 23% (and 26% in Europe) new electric vehicles (10% in H1 2020) versus around 30% diesel vehicles (39% in 2020). We think that within 12 months, contracts for electric vehicles will overtake those for diesel vehicles. Note that the target of the 2025 strategy plan is to achieve 30% new contracts for electric vehicles and we believe that this will be achieved 1 or 2 years ahead of sched...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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