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Leaseplan Corporation posts 372m Euro net profit in 2014

Date: 11 February 2015   |   Author: Daniel Puddicombe

Leaseplan Corporation, Leaseplan UK's parent company, has announced its net profit was up by 14% to ?372 million (£275m) in 2014.

The Dutch-based fleet management company said the total number of vehicles under its management increased from 1.37 million in 2013 to 1.42 million in 2014, which it claims is above its pre-recession figure.

According to the 2014 BC50 survey, Leaseplan UK manages 139,000 vehicles.

"Guided by its mission to make fleet management and driver mobility easier, Leaseplan continued to make good progress in 2014," said Vahid Daemi, CEO of Leaseplan. "The results clearly demonstrate the benefits of the geographical diversity LeasePlan enjoys as a group, as well as the strengths the company is able to leverage across its value chain, said Daemi.

"Given the ongoing challenges in the operating environment, it is testament to the commitment and ingenuity of LeasePlan employees worldwide that the group is in a position to post these excellent results," he added.

Leaseplan said it is looking ahead into the first half of the year with cautious optimism thanks to the uncertainty surrounding oil prices and currencies in the financial markets, and is targeting energy markets such as SME operators.

The company has recently launched flexible short-term leasing schemes in Spain Denmark.

The firm also said it expects the second-hand market to remain strong in 2015.