(CercleFinance.com) – ALD drops 12% after the presentation, by the mobility services group, of its strategic plan and its financial objectives for 2026, including a ROTE (return on tangible equity) of 13-15%, as well as a CET 1 solvency ratio of around 12%.
From this presentation, Oddo BHF notably retains a target cost-income ratio of 52% by 2026, compared to 47% during the previous objective given in November 2022 (already revised after an initial objective of 45%).
ALD also displays a distribution objective of 50% of net profit, which over the 2023-2025 period should result in a sequential decline, as the price of used vehicles normalizes, before a return to growth in 2026′, according to Oddo BHF.