ALD: Q1 earnings slip 4.8%
(CercleFinance.com) - ALD has announced Q1 2018 net income (group share) of 136.
7 million euros for the first quarter of 2018, down 4.8%, and a cost/income ratio (excluding the result of sales of used cars) of 50.9%, against 51.5% a year earlier.
The group managed 1.54 million vehicles worldwide at the end of March 2018, up 9.3% compared to the end of March 2017, with its margins on leases and services up significantly at 6.6%.
Mike Masterson, company CEO said that the group's financial performance in the first quarter of 2018 is in line with its expectations and that it is confident that it will achieve targets for 2018 thanks to its leading position and a tight control of costs and risks.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
7 million euros for the first quarter of 2018, down 4.8%, and a cost/income ratio (excluding the result of sales of used cars) of 50.9%, against 51.5% a year earlier.
The group managed 1.54 million vehicles worldwide at the end of March 2018, up 9.3% compared to the end of March 2017, with its margins on leases and services up significantly at 6.6%.
Mike Masterson, company CEO said that the group's financial performance in the first quarter of 2018 is in line with its expectations and that it is confident that it will achieve targets for 2018 thanks to its leading position and a tight control of costs and risks.
Copyright (c) 2018 CercleFinance.com. All rights reserved.