Fleet leasing leviathan LeasePlan has posted a
51% increase in net profit for the first half of 2011.
The Dutch-based fleet lease and management
company’s interim results for the first half of the year revealed
net profit of €136m to 30 June compared with €90m for the same
period last year.
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Vahid Daemi, chairman and chief executive of
LeasePlan, said solid growth in profit was testament to the
strength of the business against a back drop of a global economy
which continues to present challenges.
The first half net profit represents a record
six month result for the company higher than in 2010 and 2009.
The company saw modest growth of 0.26% in
global fleet numbers, equal to 3,326 new vehicles.
However, LeasePlan reported nearly 10,000
additional unit sales of its full service fleet management offering
in the first six months of the year.
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By GlobalDataThis was attributed to a continuing global
trend towards outsourcing fleet management as the favoured method
of achieving company provided transportation needs.
Daemi added the result built on the solid base
established in previous years and continued the trend towards a
return to pre-crisis profitability levels.
He said while the company is confident about
strength and performance in 2011 he stressed great caution over
recent volatility in the market following US debt concerns and the
European sovereign debt crisis.
grant.collinson@vrlfinancialnews.com
