ALD reports first half 2017 results

Published on 04/08/2017

• STRONG GROWTH IN TOTAL FLEET AT 9.1% YOY • SOLID OPERATING AND FINANCIAL PERFORMANCE • SUCCESSFUL INITIAL PUBLIC OFFERING OF ALD SHARES • SIGNIFICANT NEW ACQUISITIONS AND PARTNERSHIPS • CONFIRMATION OF 2017 GUIDANCE

ALD Q2 & H1 RESULTS HIGHLIGHTS

  • Total Fleet: 1.44 million vehicles managed worldwide at end June 2017, up 2.4% vs. end March 17 and up 9.1% vs. end June 2016
  • Gross Operating Income H1 17 at EUR 662.2 million, up 5.6% vs. H1 16, underpinned by strong growth in Leasing Contract and Services Margins
  • Net Income (Group share) at EUR 287.0 million in H1 17, up 8.3% vs. H1 16
  • ROAEA¹ at 3.8% in H1 17

 

KEY STRATEGIC INITIATIVES & OPERATIONAL DEVELOPMENTS

  •  Finalisation of successful listing of 20.18% of ALD’s shares
  • Conclusion of partnership with ENEL around electric mobility in Italy
  • Launch of greenfield operations in Colombia
  • Closing of Merrion Fleet (Ireland) acquisition
  • Acquisition of BBVA Autorenting (Spain) and signing of new distribution partnership
  • EUR 800m EMTN bond issuance

¹ ROAEA: Return on Average Earning Assets | See definition note 2, page 6

 

In Q2 17, ALD again demonstrated its capacity to produce strong fleet growth, while maintaining a solid operational performance through targeted investments in its business and careful management of its costs and risks. We reached a major milestone during this quarter with the successful listing of ALD’s shares on the Euronext Paris stock market. This achievement will provide the company with extra flexibility to accelerate its expansion and support its strategy of delivering sustainable long term growth and profitability through strong customer focus and the service excellence of its teams.

Mike Masterson, ALD CEO

Press contact:

Stephanie Jonville

+33 (0)1 42 14 38 99

stephanie.jonville@aldautomotive.com
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