LeasePlan net profit up 21% in H1

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Announced just a month after the sale of the firm to a consortium of investors was revealed, the results for the first half show the leasing giant’s net profit rose 21% to €246m from €202.3m in the same period in 2014. Main contributors were an acceleration of the growth of the total fleet under management to almost 1.5 million vehicles and a continuation of the favourable market circumstances for well-maintained ex-lease vehicles.

Total assets increased to €20.5bn in the first half of 2015, compared to €19.7bn at year-end 2014. This increase is mainly a result of volume growth, the consolidation of LeasePlan Turkey and currency developments. 


The first half of the year also saw the company’s continued global roll-out of solutions such as telematics and corporate car sharing as well as its full acquisition of LeasePlan Turkey.

Vahid Daemi, CEO of LeasePlan said: “In the first six months of 2015 LeasePlan has continued the upward trend witnessed in previous reporting periods. Thanks to an acceleration of global growth in our fleet, achieving a year-on-year increase of almost 8%, we have reached a new milestone of almost 1.5 million vehicles worldwide. This strong performance is the result of our investment in growing market segments such as SMEs as well as our commitment to meeting our customers’ mobility needs with new and innovative solutions such as flexible leasing and telematics. With the same level of drive and commitment that has been our hallmark for the last 52 years, we will continue our strategy of balanced growth, leveraging our global presence by investing in services that are designed to work in many markets around the world, to the benefit of our customers.” 



Commenting on the outlook for the second half of 2015, LeasePlan said it “expects the overall positive business momentum as witnessed in the first half of 2015 to be sustained in the remainder of the year. The strength of the recovery of local economies will continue to differ and the associated strong currency movements will endure. However, in view of a resilient second-hand vehicle market and a strong focus on volume growth, LeasePlan is confident that it will continue to achieve good results over the remaining six months of 2015.”

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Natalie Middleton

Natalie has worked as a fleet journalist for nearly 20 years, previously as assistant editor on the former Company Car magazine before joining Fleet World in 2006. Prior to this, she worked on a range of B2B titles, including Insurance Age and Insurance Day. Natalie edits all the Fleet World websites and newsletters, and loves to hear about any latest industry news - or gossip.

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