LeasePlan Corporation N.V.
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Publicatie datum
23 aug 2011 - 08:00
Statutaire naam
LeasePlan Corporation N.V.
Titel
LeasePlan reports net profit of EUR 136 million for the first half of 2011
Bericht
Almere, 23 August 2011 – LeasePlan Corporation N.V., the world's leading fleet and vehicle management company, today published its interim results for the first half of the year.
• Reported net profit for H1 2011 was EUR 136 million (H1 2010 reported net profit: EUR 90 million).
• The number of vehicles under management increased moderately to 1,296,842 (+0.26%), marking a change of declining numbers for the past two years.
• Strong capital position with a stable BIS ratio of 16.6% and Tier 1 ratio of 14.5%.
• Diversified funding strategy in good shape with further placements of securitised lease assets and the reopening of our retail savings bank in the Netherlands.
Full details of LeasePlan’s results for the first six months of the year can be found in the Interim Report 2011.
Vahid Daemi, Chairman and CEO of LeasePlan Corporation said:
“It is a testament to the strength of our business that with a global economy that continues to present challenges we have again achieved solid profits and witnessed growth in our business.
The figures show that the first six months of the year has developed very positively for LeasePlan with the number of vehicles increasing to 1,296,842 from a position of 1,293,516 vehicles at the end of 2010. While this represents a relatively modest increase, more significantly it marks a change of declining numbers witnessed over the past two years where there was a contracting of both operational leasing and fleet management markets.
Underneath this modest increase is a growth in our full-service product of almost 10,000 units. This result implies a higher value added product being sold and a continuation of the trend towards outsourcing fleet management as a favoured method of achieving company-provided transportation needs.
Building on our solid base of the last few years, the beginning of 2011 has seen the business continue the trend we previously described, namely the return of profitability to pre-crisis levels.
Datum laatste update: 01 september 2024