The leasing program makes significant profits in the third quarter

Lease Plan Order Book Reaches New Record Due To Chip Shortage (Photo: Lease Plan)
Leaseplan had a net profit of 20 420 million in the third quarter of 2021, up from 1 101 million in the same quarter last year (+ 316%). The company owes huge profit growth to Leaseplan Australia and New Zealand’s delisting and the spin-off of Carnext from July 1 this year.

Navy size is up 2.4 percent from last year. However, compared to the previous quarter, the naval volume decreased from 1.9 million to 1.8 million. This is due to the departure of Leaseplan Australia and New Zealand. Growth was hampered by the delivery times of new cars due to chip shortages. According to Leaseplan, the Order Book for 2021 has once again reached a record level, just like last quarter. Leaseplan CEO Tex Gunning said in a statement that the company offers customers contract extensions and leases of used cars to continue to meet customer demand.

As a result of these contract extensions, Leaseplan sold fewer cars (-12.6%) in the third quarter. Thanks to higher used car prices, the company was able to make a higher profit on sales: 131 million euros in 58,200 cars, an increase of 193.2 percent compared to the third quarter of 2020.

The key numbers of the lease plan are q3 2021

Source: Leasing Plan

Fixed ambitions

UN Conference on Climate Change in Glasgow Cunning says the conference is a good opportunity for LeasePlan to unveil a new sustainability strategy. The ‘Driving to Zero’ project focuses on full consistency from mere EVs. LeasePlan focuses on the ESG (Environmental, Social, Personality) agenda, focusing on issues such as greenhouse gas emissions, diversity and content and protocol distribution chains.

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