Published on 04/08/2017
ALD reports first half 2017 results
• 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