Error parsing XSLT file: \xslt\FacebookOpenGraph.xslt Leaseplan increases half-year profits
Cookies on Businesscar

We use cookies to ensure that we give you the best experience on our website. If you continue without changing your settings, we will assume that you are happy to receive all cookies on the Business Car website. However, if you would like to, you can change your cookies at any time

BusinessCar magazine website email Awards mobile

The start point for the best source of fleet information

Leaseplan increases half-year profits

Date: 30 August 2016   |   Author: Daniel Puddicombe

Leaseplan's profits in the first six months of 2016 rose by 6% to £204m, while its fleet size increased by 8% to 1.62m vehicles.

The fleet management company attributed its increasing profits to growth in the global fleet sector, strong margins in its services division as well as contributions from selling de-fleeted vehicles. However Leaseplan said its profit margin was impacted by increased regulatory requirements and investments in its IT department.

SME and private leases were Leaseplan's fastest growing client base, with year-on-year growth of 14.2%, while its corporate division grew by 6.9%.

"Leaseplan continues to invest in the future. This was evidenced by the further increase of our fleet size with an additional 130,000 vehicles under management over the last 12 months," said Vahid Daemi, CEO of Leaseplan. "Our clients clearly appreciate our new service offerings for small and medium-sized enterprises and private leasing, leading to rapid growth in this client segment."

According to the 2015 BusinessCar BC50 rankings, Leaseplan is the second leasing company in the UK with 147,276 vehicles on its books.

Read more:

Fleet managers overwhelmed by admin, Leaseplan claims

Consortium acquires Leaseplan

Leaseplan hikes up profits in 2015

Leaseplan to launch car-sharing service in 2016



Share


Subscribe