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LeasePlan net profits up by 21% for first half of 2015

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26 August 2015

LeasePlan has reported that its net profits are up 21% to 246m Euros for the first half of 2015, following strong growth for the business across all market sectors, in particular International and SME.

Its common equity tier 1 ratio has risen to 17.5% (being 17.2% at the end of 2014 and 17.9% at the first half of 2014), with its liquidity buffer 4.3 billion Euros.

In addition, LeasePlan Bank retail deposits have increased to 5.0 billion Euros (previously 4.3 billion Euros at year end 2014 and 4.2 billion Euros at half year end 2014), with its total assets at 20.5 billion Euros.

Operationally, LeasePlan has reported an accelerated growth of the number of vehicles under its management to 1.49 million, an increase in the global roll-out of innovations like telematics and corporate car sharing solutions, and the company is now 100% owner of LeasePlan Turkey.

Recently, the company signed a contract with a large international client to implement telematics solutions for 7000 vehicles, in 23 countries by the end of this year.

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.

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