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Leaseplan's global profits rose by 7% to £388m in 2016 thanks to strong margins on leasing services, its annual report has announced.
In addition, the number of vehicles it manages increased by 8% from 1,553 million to 1,674 million units, with the SME and private leasing segments behind much of the growth.
As a result of this growth, the value of assets managed by the vehicle leasing giant increased by 11% to £9.37bn.
Leaseplan said much of the growth in the SME segment came from the firm's network of brokers and its telesales team, while the company said its corporate arm also grew throughout the year, both in terms of vehicles leased and the number of fleets using its consultancy services.
Customer satisfaction also increased in 2016, with Leaseplan reporting its perceived service quality rating among fleet managers reached 93%, up 1% on 2015's figure.
"We have a strong track record of over 50 years of market leadership and we are well positioned to further capitalise on the opportunities the mobility landscape offers," said Tex Gunning, CEO of Leaseplan.
"We are shifting from a multi-local organisation to become a fully integrated organisation. We are focused on leveraging our scale, creating global centres of excellence to improve efficiencies and developing a consistent and aligned approach across our entire organisation.
"We aim to target the most attractive and profitable regions and customer/product segments. We want to unlock the full potential of the group and deliver more value for customers and our investors," Gunning added.
Leaseplan has also expanded its board of directors, with Danielle Pos becoming its new chief legal and compliance officer, and Yolanda Paulissen the company's new chief strategic finance and investor relations officer.
Chief commercial officer, Nick Salkeld, meanwhile, has stepped down from his position on the board of directors.
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