LeasePlan outlines results and strategy in Annual Report 2015

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The leasing giant, which manages more than 1.5 million vehicles in 32 countries, published its previously announced 2015 results in the report, which include a 9% increase in its worldwide fleet to a record level of 1.55 million vehicles. LeasePlan also reported a 19% rise in net profit to €442.5m compared to €372.0m for 2014.

LeasePlan also outlined its plans for growth, saying that it “aims to organically grow in its current markets with a special focus on increasing our presence in the small & medium enterprise (SME) segment. As global market leader, we will continue to deploy our strategy of selective geographic growth. We have become the world’s leading fleet management and driver mobility company by understanding and anticipating changes in the mobility needs of customers. By using these insights to evolve our services, we help our clients maximise the value and efficient use of their fleet with differentiated products and services in both new and existing customer segments.”

In particular, 2015 brought important steps towards establishing a new entity cluster in Asia,with LeasePlan adding that it aims to be operational in Malaysia by late 2016.

The firm also set out its plans to increasingly focus on a holistic mobility solution.

The report says: “In the years ahead, we foresee a further shift from vehicle- centric services to driver-centric services. An increasing demand for new mobility services will require these to extend beyond the vehicle to other modes of transportation. The future of LeasePlan lies in continuing to connect clients to leasing and mobility opportunities that make their lives easier, wherever they are based. Our mission, vision and values provide the direction for our journey.”

It added: “LeasePlan will gradually extend its offering to an expanded set of solutions that service its clients’ full breadth of mobility needs. This strategy will enable LeasePlan to become a true one-stop shop for corporate mobility.

“The result will be a package of flexible, easy-to-tailor offerings that include rental, short leases, car sharing and pool management but also mobility cards that cover fuel expenses and can be used for e-vehicles, public transport, taxis and more.”

CEO Vahid Daemi also summarised the outlook for the 2016, saying, “LeasePlan is optimistic that, barring unforeseen economic circumstances, it will continue to reap the rewards of its strategic path, which served it so well in 2015. The momentum will remain high as we pursue our goals in the areas of growth, customer-centric innovation, operational excellence and right people and culture.

“Although the competitive landscape will remain challenging in 2016, LeasePlan will retain its added value for clients, drawing on its tailored products and services, its wealth of expertise amassed over the past five decades, its excellent people and the reach of its global presence. We will also stay close to our clients and put our knowledge to work for them, for example, by offering expert advice as preparations for the pending regulatory changes to lease accounting begin.

“We believe that, with all the fundamentals for further growth firmly in place, the company will succeed in delivering value for its shareholders, being a great place to work for its people, and offering services and products that make its clients’ lives easier.”

The report also outlines that LeasePlan’s acquisition by a consortium of long-term investors is still expected to close this quarter.

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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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