Preliminary trading update
ALD has seen a faster than expected recovery in the used car market in Q3 2020, which has favourably impacted the result from its used car sales. Consequently, the company intends to revise upwards its guidance of average Used Car Sales result per vehicle for the year when it provides further details in its full Trading Update for Q3 2020 on 5 November 2020.
Combined with resilient Leasing Contract and Services Margins and continued cost control, the positive evolution in Used Car Sales result means that Net Income (Group share) for the third quarter is expected to reach around EUR 140 million.
Read the PR