Report
Geoffroy Michalet

ALD Automotive : Postview T1 : difficile de se faire une idée précise de l’ampleur de la crise sur ALD Automotive mais le groupe s’adapte à son environnement

>Des points de prévisions complémentaires, positifs ou négatifs - Coût du risque : le groupe a indiqué qu’il était possible, mais pas certain, de voir son coût du risque rejoindre le niveau de 2008-2009, c’est-à-dire près de 40 pb (des actifs opérationnels), contre un niveau un peu supérieur à 20 pb en 2018 et 2019. Le groupe ne publie pas son bilan mais la tendance du T1 serait selon nous proche des 30 pb, davantage liée à des provisions basées sur statistiques futur...
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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