LEASEPLAN is aiming for a stock exchange float this summer, according to sources in DutchNews.NL.
The company announced a strong set of results this week (13 February, 2018) with a 16.7% return on equity and growth of 5.5% in its managed fleet with 1.7 million cars on the road.
LeasePlan was purchased from Volkswagen and German banker Friedrich von Metzler in 2016 by a Dutch consortium with further backing from Abu Dabhi, Singapore and private equity money from TDR and Goldman Sachs.
At the announcement of the company’s results, CEO Tex Gunning said that LeasePlan would be focused on leading the megatrend from ownership to usership to subscription. This would be across both the new and quality used car markets.
Ultimately, Gunning said, he wanted LeasePlan delivering ‘any car, anytime, anywhere’.
The company also announced its new CarNext.com product, describing it as a disruptive B2C and B2B digital marketplace.
CarNext.com enables customers to buy, lease and subscribe to high-quality used cars in Europe.
“I am delighted to announce yet another excellent set of results for LeasePlan in 2017. We have more cars on the road than ever before, and at the same time, our underlying net result and return on equity continued to increase significantly.
“Looking ahead, we can achieve so much more. There is a clear megatrend from ownership to usership and subscription models taking place in both the new and high-quality used car markets. Increasingly, our customers – whether they are corporate, SMEs or private individuals – would prefer a ‘Car-as-a-Service’ with no strings attached in terms of car type or duration. They just want ‘any car, anytime, anywhere’.
“LeasePlan will lead this trend. With 1.7 million cars on the road in 32 countries, we are already a global leader in providing our customers with Car-as-a-Service for new cars – a business we will continue to invest in. We are also in a unique position to lead the growing €65 billion Car-as-a-Service market for high-quality 3-4-year-old cars thanks to the introduction of our new CarNext.com business.”
As yet, we do not know when CarNext.com will be launched in the UK.