The figures show that the leasing giant reported a net profit increase of 14%: €372m in 2014 compared to €326m in 2013.

Meanwhile the total number of vehicles under management increased from 1.37 million in 2013 to 1.42 million, putting it above pre-crisis (2008) level of 1.39 million vehicles.

2014 also saw the opening of LeasePlan Canada, leading to full North American coverage and LeasePlan announce plans to acquire full ownership over LeasePlan Turkey.

The fleet management and driver mobility company also rolled out new services such as telematics.

Vahid Daemi, CEO of LeasePlan, said: ‘Guided by its mission to make fleet management and driver mobility easier, LeasePlan continued to make good progress in 2014 against the cornerstones of its sustainable growth strategy: growth, operational excellence, customer-centric innovation and right people and culture. In terms of performance indicators for the year, 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. 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.’