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Half Year 2019 ALD SA Earnings Call Transcript

Aug 01, 2019 / 08:00AM GMT
Release Date Price: €14.42 (+6.03%)
Operator

Hello, and welcome to the ALD Webcast for the Half Year 2019 Results Call. My name is Mahan, and I'll be your coordinator for today's event. (Operator Instructions)

I am now handing you over to your host, Mike Masterson, CEO, to begin today's conference. Thank you.

Michael Masterson
ALD S.A. - CEO & Director

Good morning, ladies and gentlemen, and welcome to the ALD H1 2019 results call. The main messages of the pack are the first half presentation on Page 3 of your pack. Total fleet reached 1.7 million vehicles at the end of June, representing an increase of 7.2% over the past 12 months.

During the first half, our powertrain transformation has accelerated with a reduction in the penetration of diesel vehicles in deliveries made. Our private lease segment continues to grow strongly and is on track to reach 150,000 target we have set for the end of the year. Overall, we're confident that ALD will reach the 5% to 7% 2019 organic fleet growth guidance for the year.

The quarter saw a number of strategic and commercial initiatives.

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