Leaseplan profits grow as private leasing soars in UK, Netherlands and Belgium
Leaseplan, a global leader in fleet management and driver mobility, has published its headline annual results for 2016 and the future looks bright.
In the report, the company announced its fleet had grown by 8% from 1.553m in 2015 to 1.674m with private leasing being the main source of this impressive growth.
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As a result of the growth of private leasing, particularly in the Netherlands, Belgium and the UK, Leaseplan saw a 7% year-on-year rise in profits to £388 million and total assests increase 11% to £9.37bn.
In the report, LeasePlan stated the SME growth has been fuelled through a network of brokers and telesales, with private lease growth through direct sales as well as through retail partners.
Commenting on the news, Tex Gunning, CEO of LeasePlan, said: "Our strong underlying performance over 2016 and our solid financial position at year-end demonstrate the key strengths of our business.
"We have a strong track record of more than 50 years of market leadership and we are well positioned to further capitalise on the opportunities the mobility landscape offers.
"We are shifting from a multi-local organisation to become a fully integrated organisation: One LeasePlan.
"Acting as One LeasePlan, we want to unlock the full potential of the group and deliver more value for customers and our investors.”