Report
Geoffroy Michalet

ALD Automotive : T3 sous les attentes, pour 2024 nous sommes largement sous le CSS

>CA T3 : sous nos attentes et celles du CSS - Ayvens (ex-ALD) a publié ce matin ses résultats T3, les premiers intégrant entièrement la contribution de LeasePlan (le T2 n’intégrait LP que quelques semaines).Leasing contract & service Margin : très en dessous à 741 M€ (ODDO 885 M€ / CSS : 807 M€). La pression est marquée sur la marge de service selon le groupe (pourtant le résultat est supérieur aux attentes) à cause de l’inflation et des extensions de contrat. Le...
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

Other Reports on these Companies
Other Reports from Oddo BHF

ResearchPool Subscriptions

Get the most out of your insights

Get in touch