LeasePlan’s H1 2019 net results severely impacted by new automotive business model

As LeasePlan comes to release its figures for Q2 2019, a closer look reveals that the company has been hit significantly by its recent investment in its new Car-as-a-service, and CarNext.com businesses. The company reported a net result of €32 million in Q2 2019, which totals a 79.1% reduction when compared to the significantly higher figure for Q2 2018, which stood at €152 million. Furthermore, LeasePlan reported an additional drop in underlying net result of 12.2% from €160.7 million at Q2 2018, to €141.1 million.

LeasePlan’s H1 2019 net results severely impacted by new automotive business model

Aug 22, 2019

As LeasePlan comes to release its figures for Q2 2019, a closer look reveals that the company has been hit significantly by its recent investment in its new Car-as-a-service, and CarNext.com businesses. The company reported a net result of €32 million in Q2 2019, which totals a 79.1% reduction when compared to the significantly higher figure for Q2 2018, which stood at €152 million. Furthermore, LeasePlan reported an additional drop in underlying net result of 12.2% from €160.7 million at Q2 2018, to €141.1 million.

Fleet Evolution sees electric vehicle enquiry surge following removal of BIK

Fleet Evolution, a Midlands-based salary sacrifice green car scheme specialist, has recorded a 400% surge in electric car enquiries following the Government’s decision to remove benefit in kind tax from 2020/21. Andy Leech, Fleet Evolution managing director, said the message of 0% BIK has sent a clear signal to the company car market.

Fleet Evolution sees electric vehicle enquiry surge following removal of BIK

Aug 21, 2019

Fleet Evolution, a Midlands-based salary sacrifice green car scheme specialist, has recorded a 400% surge in electric car enquiries following the Government’s decision to remove benefit in kind tax from 2020/21. Andy Leech, Fleet Evolution managing director, said the message of 0% BIK has sent a clear signal to the company car market.

ALD Automotive grows global fleet by 7.2% in H1 2019

ALD Automotive has posted growth in its global fleet of 7.2% to reach 1.7 million in the first half of the year, according to its latest results. Leasing contract and services margins increased by 4.4% to €638 million and gross operating income increased slightly by 1.6% to €681.1m. Private lease fleet showed strong growth in H1 2019, up 36%, reaching 133,000 contracts at the end of June 2019. ALD is confident of reaching its target of 150,000 contracts with private individuals by the end of the year.

ALD Automotive grows global fleet by 7.2% in H1 2019

Aug 21, 2019

ALD Automotive has posted growth in its global fleet of 7.2% to reach 1.7 million in the first half of the year, according to its latest results. Leasing contract and services margins increased by 4.4% to €638 million and gross operating income increased slightly by 1.6% to €681.1m. Private lease fleet showed strong growth in H1 2019, up 36%, reaching 133,000 contracts at the end of June 2019. ALD is confident of reaching its target of 150,000 contracts with private individuals by the end of the year.

Europe

ALD acquires Spanish rental company Reflex

Aug 15, 2019

ALD has expanded its flexible rental offering in the Spanish market following its acquisition of Reflex Alquiler Flexible de Vehiculos for an undisclosed sum. The deal adds around 2,000 vehicles to ALD’s rental business in Spain and forms part of its growth strategy to deliver value added mobility services to customers with bolt-on acquisitions. ALD currently manages a fleet of 4,000 flexible contracts with large corporates in Spain.

Americas

Electric scooter giant Lime announces major South American expansion

Aug 09, 2019

E-mobility specialist Lime has begun rolling out its electric scooters across more South American cities. Earlier in July, the company began offering the scooters in Sao Paulo and Rio de Janeiro in Brazil, Buenos Aires, Argentina, and Lima, Peru. Along with Mexico City, Santiago de Chile and Bogota, Colombia, it is currently operating in seven cities in Latin America in total.

Asia Pacific

McMillan Shakespeare and Eclipx agree merger

Nov 21, 2018

McMillan Shakespeare and Eclipx have agreed a merger to create a new market leader in salary packaging and fleet management for Australia and New Zealand. As part of the deal, the MMS board will expand to include three Eclipx directors, while current MMS CEO and CFO, Mike Salisbury and Mark Blackburn, will retain their titles in the combined group. The deal requires shareholder approval, but the businesses say it brings major financial benefits, including efficiency savings. The combined businesses provide salary packaging, novated leasing, fleet leasing and fleet management services throughout Australia and New Zealand.