Brief: ALD Q4 Net Income Group Share Down At EUR 28.7 Million

Ayvens SA

08/02/2024 06:40

Feb 8 (Reuters) - ALD SA  ALDA.PA :
    * NET INCOME (GROUP SHARE) AT EUR 28.7 MILLION VERSUS.
EXCEPTIONALLY HIGH EUR 284.7 MILLION IN Q4 2022
    * CET1 RATIO AT 12.5% AS AT END DECEMBER 2023
    * 2023 COST TO INCOME RATIO7 AT 63.7% VERSUS. 53.2% IN 2022
    * FY NET INCOME (GROUP SHARE) AT EUR 816.2 MILLION, DOWN
32.8%
COMPARED TO EXCEPTIONALLY HIGH 2022 BASE
    * 2024 OUTLOOK: EARNING ASSETS GROWTH BETWEEN +7% AND +9%
VERSUS.
END DECEMBER 2023
    * 2024 OUTLOOK: CET1 RATIO OF C. 12%
    * 2024 OUTLOOK: COST/INCOME RATIO EXCLUDING UCS RESULTS,
NON-RECURRING ITEMS AND PPA: 65% TO 67%
    * 2024 OUTLOOK: UCS RESULT PER UNIT BETWEEN EUR 1,100 AND
EUR
1,600 ON AVERAGE
    * 2024 IS A KEY MILESTONE FOR AYVENS, WITH START OF MERGER
OF
LOCAL ENTITIES, SCHEDULED FOR Q2 OF YEAR
    * FOLLOWED BY DEPLOYMENT OF NEW CENTRAL AND LOCAL NEW
ORGANIZATION
STRUCTURE AND LOCAL IT INTEGRATION, EXPECTED TO STRETCH INTO
2025

Source text for Eikon:  ID:nGNE2HBLN8 
Further company coverage:  ALDA.PA 

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