ALD Automotive : Reassuring on Russia and Ukraine but little momentum until the closing of the Lease Plan (Q4)
>Ukraine: a satisfactory situation to date - The group made a provision of €27m in Q1, corresponding to 50% of the fleet and trade receivables (in total, the group had nearly €70m of assets in the country, including cash). As a reminder, most of the country's customers are non-domestic multinationals, which have continued to pay. The €2m in impairment on trade receivables is more related to operational difficulties in editing invoices and collecting them (for cybersec...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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