The Car and Truck Fleet and Leasing Management Magazine

LeasePlan Sets Strategic Direction, Reports 2016 Results

March 31, 2017, by Paul Clinton - Also by this author

Guus Stoelinga has left his role as LeasePlan N.V.'s chief financial and risk officer.
Guus Stoelinga has left his role as LeasePlan N.V.'s chief financial and risk officer.

LeasePlan N.V.'s Alpharetta, Ga.-based U.S. fleet management business recorded a 6% profit margin in 2016 during a year in which the company was sold and completed restructuring, the company said in its annual report.

The company also mapped out its strategic direction to 2020 to maintain its leasing core leasing business, enhance profitability, and enhance mobility services. LeasePlan N.V. plans to increase partnerships with ride-hailing and car-sharing companies. On March 27, the company formed a pan-European partnership with Uber.

LeasePlan USA brought in 312.8 million euros ($333.6 million) in revenue in 2016, and booked 18.9 million euros ($20.2 million) in net operating income. Net income was 11.9 million euros ($12.7 million). The company reported 568 full-time employees at the end of the year.

During a year in which the global fleet management company was sold, LeasePlan N.V. increased overall revenue, profitability, and vehicle count. LeasePlan N.V. increased revenue by 3% to 9.2 billion and net profit by 0.3% to 7% with 455.3 million. The company increased the number of vehicles it manages by 8% to 1.7 million.

Factors that contributed to the growth include an increase in small and medium fleet leasing, retail leasing, and "low single-digit growth" with corporate clients, according to the report.

Investor consortium LP Group BV competed its acquisition of LeasePlan NV for $4.05 billion in late March. In September, LeasePlan N.V. appointed Tex Gunning as CEO, who restructured the company into a more centralized organization in the fourth quarter, according to the report.

LeasePlan USA saw its leadership turn over with the retirement of president and CEO Mike Pitcher at the end of 2016. In February, the U.S. unit named Jeff Schlesinger, a 20-year veteran of GE Capital, as its CEO.

LeasePlan N.V. has also announced the departure of Guus Stoelinga, its chief financial and risk officer.

Read the full annual report here.

Twitter Facebook Google+


Please note that comments may be moderated. 
Leave this field empty:

Fleet Incentives

Determine the actual cost of owning and running a vehicle in your fleet. Compare vehicles by class and model.


Fleet Faq Fuel Management

Bernie Kanavagh from WEX will answer your questions and challenges

View All


Fleet Tracking And Telematics

Todd Ewing from Fleetmatics will answer your questions and challenges

View All


Fleet Management And Leasing

Merchants Experts will answer your questions and challenges

View All


Sponsored by

Annual award from Fleet Financials Magazine to a fleet executive who exhibit excellence and innovation in cost-saving initiatives, policy setting, innovative programs, and cultivation of fleet manager training and management


Read more

Up Next

More From The World's Largest Fleet Publisher