ALD's 'blow-out' Q4 results lift shares

Ayvens SA

08/02/2023 10:18

** Shares in ALD  ALDA.PA  rise 3%, one of the best
performers on France's SBF120 index  .SBF120 , after Societe
Generale's  SOGN.PA  car leasing unit posted strong Q4 results
    ** ING analysts say ALD's "blow-out" results were boosted by
the value of used cars, with Q4 gross operating income of 748.7
mln euros ($805.15 mln) exceeding the broker's estimate by 24%
and company-compiled consensus by 38%
    ** "The better-than-expected fleet size at end 2022 provides
a solid foundation on which to frow in 2023," ING adds
    ** Including Wednesday's rise, the stock has gained around
16% YTD
($1 = 0.9299 euros)
 (Reporting by Dagmarah Mackos)
 ((dagmarah.mackos@thomsonreuters.com))