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HALF-YEARLY FINANCIAL INFORMATION ALD | LeasePlan reports first half 2023 results

3 min to readPress releases 2023
ALD | LeasePlan reports first half 2023 results.
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H1 2023 results highlights

On 3 August 2023, Tim Albertsen, CEO of ALD | LeasePlan, commenting on the H1 2023 Group results, stated: “Having finalised the acquisition of LeasePlan last May, our teams are thrilled to embark on this exciting journey and to leverage on our strengths and complementarities to create the leading global sustainable mobility player in an industry where size matters.

The integration of LeasePlan is progressing according to plan. A number of key initiatives, led by the industry’s best talent, are well underway. Two months into the integration, we’ve already reached our first objectives. We will continue executing our integration plan at the same rapid pace and I am confident that we will start reaping some benefits very soon.

The first results of ALD | LeasePlan as a combined entity are strong and promising, supported by a still highly favourable used car market and reflecting the unwavering commitment of our employees to achieving the best standards of service quality while transforming the company. They testify to the solidity and resilience of our business model in a rapidly changing macroeconomic environment. I have no doubt that the combined entity will be able to capitalise on this transformative deal to create value for all stakeholders.”

Read the Press Release** **

~[1] Before deduction of interest on AT1 capital

[2] Reduction in depreciation costs compared to the contractual costs in relation to vehicles whose sales proceeds are forecast to be in excess of their net book value and for which depreciation has been adjusted or stopped

[3] Management information, on ALD’s sales. No profit assumed on LeasePlan’s sales pending Price Purchase Allocation exercise

[4] Including the impact of depreciation adjustments from prior quarters, UCS result per unit was EUR 1,974 in H1 2023

[5] Excluding ALD Russia, ALD entities held for sale in Portugal, Ireland, Norway (except NF Fleet Norway), Belarus and LeasePlan entities held for sale in Czech Republic, Finland, and Luxembourg

[6] On a like-for-like basis, excluding ALD Russia, LeasePlan USA, ALD entities held for sale in Portugal, Ireland, Norway (except NF Fleet Norway), Belarus and LeasePlan entities held for sale in Czech Republic, Finland, and Luxembourg

[7] Annualised Cost of Risk as a % of arithmetic Average Earning Assets~

Published at August 3, 2023
August 3, 2023
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