LeasePlan has outlined its strategy for increasing its focus on usership and subscription models in its 2017 Annual Report.

LeasePlan’s strategy is driven by new subscription models for new and used cars.

Last month saw the firm – which is now positioning itself as a Car-as-a-Service (CaaS) business – set out how it will continue to invest in the Car-as-a-Service (CaaS) business for new cars while the firm is also launching its CarNext.com business to introduce CaaS for used cars. Both plans come under its ‘any car, anytime, anywhere’ focus.

LeasePlan has now published its dedicated Annual Report site, which provides detailed information on the company’s financial performance in 2017; including a 10% rise in 2017 net profits to €467m and a 5.5% increase in its managed fleet to 1.7 million cars.

CEO Tex Gunning said: “2017 was one of the most exciting years for LeasePlan. We made a step change in performance, successfully launched our Power of One LeasePlan operational excellence program, and started to prepare our company to play a leading role in the future of mobility. Other key developments include the launch of CarNext.com, a market platform for high-quality used cars. We also began implementing our Digital LeasePlan strategy, which is bringing us from the analogue world to the digital age. And we announced our new commitment to achieve net zero emissions from our total fleet, leading the transition to alternative powertrains.”

LeasePlan also announced that Allegra van Hövell-Patrizi has been appointed as a Member of the Supervisory Board. Ms van Hövell-Patrizi, who will also chair LeasePlan’s Risk Committee, succeeds Stefan Orlowski, who stepped down from the Supervisory Board on 21 March 2018.

Jos Streppel, chairman of the Supervisory Board, commented: “I am delighted to welcome Allegra van Hövell-Patrizi to the Supervisory Board. Allegra brings with her a wealth of knowledge and experience that will be invaluable to LeasePlan as it continues its transformation journey. I would also like to take the opportunity to thank Stefan Orlowski for his many significant and important contributions to the Supervisory Board over the past two years. Stefan has been vital in bringing LeasePlan to its next stage of development.”