ALD: Q1 net income down almost 4%

(CercleFinance.com) - ALD has reported net income (group share) of 128.
9 million euros for the first quarter of 2020, down 3.7% year-on-year, with a 10 million euro capital gain after tax made on the sale of its stake in ALD Fortune (China).

The leasing group manages 1.78 million vehicles worldwide at end-March 2020, up 5.6% year-on-year, with a 3.1% increase in the margin on leasing and service contracts to 326.3 million euros.

Operating expenses increased by 2.9% to 4.6 million euros, while its cost of risk rose by 7.4 million euros, including an IFRS9 provision of 4.4 million euros recorded for the Covid-19 credit risk.


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