LeasePlan posts record profits and eyes possible £5bn market flotation

By Johan De Mulder

LeasePlan is reportedly preparing for a stock market flotation worth a potential £5bn after releasing a stellar set of financial results for 2017.

The global leader in fleet management and driver mobility increased its fleet to 1.7mn vehicles over the course of the year and recorded a 10% increase in annual profits to a net €467mn.

According to The Telegraph, the Amsterdam-based firm is now weighing up a £5bn float and is taking advice from Deutsche Bank and UBS about the possibility, though CEO Tex Gunning gave nothing away this week.

See also:


LeasePlan has enjoyed particular growth in its car-as-a-service market (CaaS), saying it will lead on the 'megatrand' of drivers switching from ownership to a usership model.

The company is also launching its digital transformation project which will see it become a fully-enabled digital business leveraging 'the latest intelligence technologies', a body of work called LeasePlan Digital.

"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 successfully launched in 2017," said Gunning.

"Looking ahead, we can achieve so much more. 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 we will continue to invest in."

Share
Share

Featured Articles

Meet the COO: Brook Sims of MAC Diversity Recruiters

Passionate about helping others find their voice, diversity leader and COO Brook Sims talks powerful leadership, diverse teams and being a change agent

Best business books to improve leadership strategy

From strategic guides to inspiring CEO memoirs, these new books dish up plenty of principles, strategies, and anecdotes to help you become a better leader

Shoplazza founder and CEO Jeff Li, ex Baidu, on leadership

Named in Fortune China’s 40 under 40 for 2022, former Baidu head Jeff Li is the entrepreneurial founder and CEO of ecommerce platform Shoplazza

The office shifts to new way of working – workplace special

Leadership & Strategy

Trailblazer: Clorox's DEI leader Shanique Bonelli-Moore

Sustainability

The inspirational CEO story – Dean Forbes of Forterro

Leadership & Strategy