ALD global fleet up 9.1% year on year
ALD’s total managed fleet grew 9.1% year on year due to organic growth, latest results show.
Announced as the company also reports a successful initial public offering, the figures from the global leasing firm shows it was managing 1.44 million vehicles worldwide at the end of June 2017, up 2.4% vs. the end of March 17 and up 9.1% compared to the end of June 2016.
All regions contributed to the growth: on a 12-month basis, total fleet rose by 9.4% in Western Europe, 2.4% in the Nordics, 10.7% in Central & Eastern Europe and by 8.3% in the Americas, Africa, Asia & RoW.
The on-balance sheet fleet stood at 1.10 million vehicles at end of June 17, up 2.7% vs. the end of March and up 9.6% vs. the end of June 2016.
ALD also reported gross operating income for H1 17 at EUR 662.2m, up 5.6% vs. H1 2016, with net income of EUR 287.0m, a rise of 8.3% vs. H1 16.
Mike Masterson, ALD CEO, commented: “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.”