Record Q3 results for LeasePlan and SIXT
One of the world’s largest CaaS (Car-as-a-Service) providers LeasePlan released its Q3 financial results this week and so did international mobility services provider SIXT.
Let's start with LeasePlan: Tex Gunning CEO commented: “The fast-growing car subscription market has once again proven its ability to deliver superior and sustainable value creation for our customers, our people and our shareholders, with LeasePlan delivering a net result of €472 million and a return on equity of over 25%.
Our fleet grew strongly as customers continued to make the switch to hassle-free car subscriptions. The global
transition to net zero is also a key growth driver as we help customers worldwide eliminate emissions from their
fleets. Today 25% of the new cars we deliver are electric, well ahead of market rates. We could cut emissions faster if governments invested in the charging infrastructure we need to get everyone into an EV.”
Meanwhile at SIXT
The international mobility services provider SIXT experienced the strongest quarter in its history. Consolidated revenue increased by 24.8% to €997.1 million compared to 2021. Consolidated earnings before taxes (EBT) increased to €283.1 million. For the first nine months of the year, SIXT recorded a 42.4% increase in revenue to €2.32 billion and a 59.5% increase in EBT to €506.3 million compared to 2021. Compared to the pre-Covid year 2019, this represents an increase of 21.4% in revenue and even 94.8% in earnings.
The company added more than 1,000 additional employees, mainly in Operations and paid a special bonus of €1,700 to all of its employees globally, SIXT is not only expressing its appreciation, but also providing assistance in meeting the higher costs of living.
SIXT CFO Prof. Dr. Kai Andrejewski, commented: “With our ambitious goals for climate and environmental protection, we want to live up to our aspiration as technology and innovation leader in our industry. The measures aimed at reducing our CO2 emissions will also ensure that the capital market will continue to be able to invest in SIXT in the form of equity and debt capital in the long term. The topic of sustainability
Main Image: L: Tex Gunning, LeasePlan CEO. R: Prof. Dr. Kai Andrejewski, SIXT CFO