2023-09-24 14:06:01
The leasing and fleet management company ALD LeasePlanborn after the acquisition of LeasePlan by ALD Automotive at the end of May, expects to achieve a return on tangible capital of between 13% and 15% by 2026, thanks to the good synergies caused by the merger, according to the new Plan Strategic ‘PowerUP 2026’ of the company.
During the presentation of this plan, the CEO, Tim Albertsen, announced that the company will have a new name at the end of this year to definitively formalize the merger. The group assures that it has an important liquidity position, of 11,000 million euros at the end of June, thanks to LeasePlan, which allows it to increase the diversification of its financing sources.
The company has set the goal of a dividend distribution of 50% of net profit during the period 2023-2026, to provide an “attractive return” to shareholders.
Thus, ALD LeasePlan has confirmed that the first objectives after the merger “were met as planned”, which has allowed them to consolidate their forecast on annual synergies of 440 million euros until 2026, divided equally between margins and purchases and costs.
Likewise, the total costs accumulated in the merger will rise to 525 million euros until 2025, after the 128 million registered in 2022, the company expects these costs to reach their maximum in 2023 and 2034, with 170 and 190 million, respectively, while which in 2025 would decrease to 37 million euros.
At the end of June, the company had a fleet of 3.4 million vehicles, of which 428,000 cars were electric. By 2026, the company expects that 50% of new registrations will correspond to electric vehicles.
In this sense, the company expects assets to increase by 6% between 2023 and 2026 driven by higher value electric vehicles and a selective growth strategy with the aim of reaching 200,000 active users on its Maas platform, launched last year.
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