DJ ALD: Preliminary trading update
ALD
ALD: Preliminary trading update
20-Oct-2020 / 07:30 CET/CEST
Dissemination of a French Regulatory News, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
Press release
Rueil-Malmaison, 20 October 2020
Preliminary trading update
ALD has seen a faster than expected recovery in the used car market in Q3
2020, which has favourably impacted the result from its used car sales.
Consequently, the company intends to revise upwards its guidance of average
Used Car Sales result per vehicle for the year when it provides further
details in its full Trading Update for Q3 2020 on 5 November 2020.
Combined with resilient Leasing Contract and Services Margins and continued
cost control, the positive evolution in Used Car Sales result means that Net
Income (Group share) for the third quarter is expected to reach around EUR
140 million.
About
ALD is a global leader in mobility solutions providing full service leasing
and fleet management services across 43 countries to a client base of large
corporates, SMEs, professionals and private individuals. A leader in its
industry, ALD places sustainable mobility at the heart of its strategy,
delivering innovative mobility solutions and technology-enabled services to
its clients, helping them focus on their everyday business.
With 6,600 employees around the globe, ALD manages 1.76 million vehicles (at
end-June 2020).
ALD is listed on Compartment A of Euronext Paris (ISIN: FR0013258662;
Ticker: ALD) and is included in the SBF120 index. Société Générale is ALD's
majority shareholder.
For more information, you can follow us on Twitter @ALDAutomotive [1] or
visit www.aldautomotive.com [2].
Regulatory filing PDF file
File: ALD Preliminary trading update [3]
Language: English
Company: ALD
1 Rue Eugène et Armand Peugeot
92500 Rueil-Malmaison
France
Internet: https://www.aldautomotive.com/
ISIN: FR0013258662
Euronext Ticker: ALD
AMF Category: Inside information / News release on accounts, results
EQS News ID: 1141754
End of Announcement EQS News Service
1141754 20-Oct-2020 CET/CEST
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(END) Dow Jones Newswires
October 20, 2020 01:30 ET (05:30 GMT)
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