LeasePlan posts EUR 1.4 million profit in Q3

Newsroom 31/10/2011 | 14:38

LeasePlan Romania, an operational leasing company, has registered a profit of EUR 1.43 million at the end of the third semester, while the turnover of the company also increased by 33 percent to EUR 22 million versus the similar period of 2010.

The administered portfolio of LeasePlan has increased by 45 percent to EUR 50.3 million. The company managed at end-September, 6000 vehicles, over 83 percent being administered in the full operational leasing system, while fleet management system was provided for 16 percent of the portfolio, and the rest 1 percent for financing.

“The growth rate of the operational leasing market in 2011 is greater than the previous year, in line with our forecasts. This positive trend is due to the rising demand from clients that are renewing their vehicle fleets as well as for expanding the current fleets”, stated Bogdan Apahidean, managing director of LeasePlan Romania.

Around 44 percent of the contracts were signed under ComfortPlan, the program that is recommended for low and mediums sized fleets and have reduced monthly costs. Another 20 percent of contracts were signed under PartnerPlan that offers savings on maintenance works and tires, as well as the profit from the selling of the car at the end of the contract. Sale&LeaseBack attracted 19 percent of contracts, allowing rapid liquidities for clients once the owned vehicle fleet is sold to LeasePlan, and the fleet is leased from the leasing operator.

The LeasePlan portfolio includes 160 from the energy industry, financials services, FMCG, IT&C. Some of the most important clients are OMV Petrom, Ursus Breweries, CEZ Romania, Bancpost or IBM Romania.

Ovidiu Posirca