ALD: stock accelerates on FY results
(CercleFinance.com) - The ALD stock is up 4% after the vehicle rental group published EPS of 1.
26 euros and proposed a dividend of 0.63 euro per share, representing a payout ratio of 50%, for 2020.
Amongst its key figures, the group announced 1.76 million contracts under management worldwide at the end of December 2020, as well as a cost-income ratio (excluding income from the sale of used vehicles) of 50.4%, in the middle of its target range of 50%-51%.
For FY 2021, ALD expects growth in its fleet in its balance sheet, an increase in unit earnings from the sale of used vehicles and an improvement in the cost/income ratio (excluding earnings from the sale of second-hand vehicles).
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26 euros and proposed a dividend of 0.63 euro per share, representing a payout ratio of 50%, for 2020.
Amongst its key figures, the group announced 1.76 million contracts under management worldwide at the end of December 2020, as well as a cost-income ratio (excluding income from the sale of used vehicles) of 50.4%, in the middle of its target range of 50%-51%.
For FY 2021, ALD expects growth in its fleet in its balance sheet, an increase in unit earnings from the sale of used vehicles and an improvement in the cost/income ratio (excluding earnings from the sale of second-hand vehicles).
Copyright (c) 2021 CercleFinance.com. All rights reserved.