08/03/2021 | Press release | Distributed by Public on 08/03/2021 01:27
H1 2021 Results highlights
New Guidance for 2021
On 3 August 2021, Tim Albertsen, ALD CEO, commenting on the H1 2021 Group Results, stated:
'During the second quarter, optimism has come back at several levels, with many countries starting to see the beginning of the exit of the COVID crisis. Although the level of uncertainty remains high, the hard part seems to be behind us. The shortage of semiconductors has impacted multiple aspects of our activity, making the delivery delays of new cars longer, but also influencing positively price levels on used car markets. Although this is not yet visible in the evolution of our Total Contracts, commercial dynamics were good, and the order bank is strong. We are proud to see a breakthrough in vehicle electrification, with our share of EV deliveries increasing at a fast pace. H1 2021 was a strong semester for ALD in terms of financial performance. Remarketing results in particular, were outstanding. In line with our Move 2025 strategic plan to become a fully integrated sustainable mobility provider and the global leader in our industry, ALD is working hard at developing its offer to employees and we saw two important milestones this quarter: the first start-up participation in a MaaS app called skipr, and the cooperation with Corporate Benefits. Overall, we feel we now have sufficient visibility to issue a guidance for 2021.'
[1] Total Contracts: full service lease contracts, fleet management contracts, and new mobility solutions contracts
[2] Management Information, calculated as a % of deliveries of Passenger cars (ALD funded fleet)
EV: BEV + PHEV
Europe includes EU + UK + Norway + Switzerland
[3] Annualised Cost of Risk as a % of Average Earning Assets
[4] Full Service Lease contracts including ALD Flex and Used Car Lease