‘Any car, anytime, anywhere’: LeasePlan announces Strategic Update and strong results for 2017

3 min to readFleet Management
AMSTERDAM, Netherlands, 13 February 2018 – LeasePlan Corporation N.V., a global leader in fleet management and mobility solutions, reported strong results today for 2017. LeasePlan also announced a Strategic Update to the ‘any car, anytime, anywhere’ service.
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Financial Highlights of 2017

Strategic Highlights

Tex Gunning, LeasePlan CEO

“Looking ahead, we can achieve a lot 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 – prefer a ‘Car-as-a-Service’ with no restrictions 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 in which we will continue to invest. We are also in a unique position to lead the growing EUR 65 billion Car-as-a-Service market for high-quality 3-4-year-old used cars thanks to the introduction of our new CarNext.com business. CarNext.com is a disruptive B2C and B2B digital market that allows customers to purchase, lease and subscribe to high-quality used cars in Europe

Our leadership in these two markets, as well as our continuing focus on operational excellence and cost control throughout the business, will be further strengthened by our new LeasePlan Digital programme. The objective of LeasePlan Digital is simple: to offer first class digital services to all our customers in all areas of our business at digital cost levels, leveraging the latest digital technologies. Ultimately, this is how we provide our customers with ‘any car, anytime, anywhere’. This is the next step for LeasePlan.”

¹This press release has not been audited. The underlying net result consists of the net result adjusted by the unrealised results on financial instruments, one-time items related to the sale of subsidiaries, restructuring charges and consultancy costs related to ‘The Power of One LeasePlan’, preparation cost for potential IPO and the respective tax effect. For a reconciliation between underlying net result and the reported IFRS net result, refer to the table on page 20 of this press release here.

²Service fleet - total funded fleet plus services-only fleet ²Source: Embracing the Car-as-a-Service model – The European leasing and fleet management market, Roland Berger, January 2018, commissioned by LeasePlan.

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 have continued to increase significantly. These results underline the strong and resilient nature of our business as well as the ongoing positive impact of our ‘The Power of One LeasePlan’ operational excellence initiative, which was launched successfully in 2017.

Tex GunningLeasePlan CEO
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Published at February 15, 2018
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February 15, 2018
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