ALD completes the sale of its Russian subsidiary

ALD Russia operated a 13,400 funded fleet as at 31 March 2023, representing less than 1% of ALD’s fleet.

ALD Russia was classified as held for sale in ALD’s consolidated financial statements ending 31 December 2022. The following impacts are expected in the 2023 income statement:

• •
  EUR -10.7m in Q1 2023 and EUR -8.1m in Q2 2023, taking into account the impairment of the net book value;
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  Reclassification of accumulated translation reserves into the income statement at the closing of the transaction: EUR -71.8m in Q2 2023, with no impact on shareholders’ equity.

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