LeasePlan announces Q2 2022 results


AMSTERDAM, the Netherlands, 10 August 2022 – LeasePlan Corporation N.V. (“LeasePlan”; the “Company”), one of the world’s leading Car-as-a-Service (“CaaS”) companies, today reports its Q2 2022 results.

Q2 2022 financial highlights

  • Net result of EUR 324 million (+85.7%)
  • Underlying net result of EUR 325 million (+83.0%) of which EUR 299 million from continued operations representing another strong Car-as-a-Service performance and EUR 25 million from discontinued operations[1]
  • Serviced fleet[2] growth of 7.5% to a total of 1.9 million vehicles with Q2 2022 order book reaching a new record high
  • Underlying Lease and Additional Services gross profit of EUR 426 million (+25.6%) with strong performance across all services
  • PLDV and End of Contract Fees Gross Profit of EUR 188 million (+112.9%) driven by continued strong demand for used cars
  • Operating expenses of EUR 221 million (+9.8%) due to investments in growth and our digital platforms
  • Quarter-end liquidity buffer of EUR 7.3 billion
  • Announcement of the acquisition of LeasePlan USA by Wheels Donlen’s parent company[3]

Key numbers[4]

Q2 2022

Q2 2021

 % YoY Growth

6M 2022

6M 2021

% YoY Growth



Serviced fleet (thousands), as at 30 June





Numbers of vehicles sold (thousands)










- Underlying net result from continued operations







- Underlying net result from discontinued operations







Underlying net result (EUR Million)







Net result (EUR Million)








Underlying return on equity4





Commenting on the second quarter results, Tex Gunning, CEO of LeasePlan, said:

“LeasePlan’s excellent Q2 performance demonstrates the strong growth opportunity in the mobility market. Fleet growth reached 7.5% and demand for our used car offering remained high. The global drive to cut emissions also continued to support growth, with 26% of LeasePlan deliveries being an electric vehicle.

In June we announced that LeasePlan USA will join forces with Wheels Donlen. With its increased scale and investment firepower, the new business will be in pole position to thrive in the unique dynamics of the US market and accelerate the future of mobility for American drivers.

Looking ahead, we are excited by the opportunities the proposed combination with ALD will bring for LeasePlan and the mobility sector. Integration planning is now underway as the best talents in the industry work together to lead the shift to sustainable, subscription-based mobility services.”

[1] Financial statements including historical periods are adjusted for the divestment of LeasePlan USA (announced on June 13 2022), the divestment of LeasePlan Australia and New Zealand to SG Fleet (transaction closed as per 1 September 2021) and the carve-out of CarNext operations in 7 countries into a newly independent CarNext (as per 1 July 2021) which subsequently was combined with Constellation Automotive Group in October 2021. The results from these businesses are reported in the financial statements – Underlying net result from discontinued operations, with the results of LeasePlan Australia and New Zealand included up to August 2021 and the results of the carved out entities of CarNext included up to June 2021.

[2] Like-for-like volume incl. current assets held for sale excl. divestments (i.e. incl. USA, excl. Australia, New Zealand & CarNext in 7 countries)

[3] The transaction is expected to close by year-end 2022, subject to customary closing conditions including regulatory approvals.

[4] Underlying RoE is based on last-twelve-month underlying net result and equity excluding the additional Tier 1 instrument. Including the AT1, RoE is 21.1% for Q2 2022 and 12.8% for Q2 2021.

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