Leasys finishes 2024 strong, posting full year results marked by consolidation and growth
Leasys, the Stellantis-Crédit Agricole JV, achieved 243,000 contract activations in 2024, an 87% YoY growth. Highlights include a threefold increase in LCV contracts and a 50% rise in electrified vehicle contracts, reflecting strong resilience and strategic growth.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250312504159/en/
Leasys Finishes 2024 Strong, Posting Full Year Results Marked by Consolidation and Growth (Graphic: Business Wire)
Compared to 2023, Leasys increased its penetration on Stellantis sales by 9bps in the B2B channel and 21bps in the LTR channel. Managed Fleet grew by 4%, reaching 906,000 units (+32% in corporate customers), moving closer to the 1M vehicles target by 2026.
Total Earning Assets exceeded €10,2B, + 36% YoY, with Average Outstanding reaching €8.6B.
The Margin on Leasing reached €230M (+28% vs 2023), while the Margin on Services grew by 46% YoY, reaching €93M.
Leasys' strong organic margin growth helped mitigate the impact of the market normalization in used vehicles, a trend affecting the entire LTR industry.
Leasys posted strong Remarketing results at €65M and a 12% YoY growth in Gross Operating Margin, reaching €388M. Operating expenses increased to €168M, but remained at 1.94% of Average Outstanding, a 7bps decrease.
The Group’s fiscal discipline is confirmed by its Cost-to-Income ratio, which remained stable at 51% YoY. When including the Margin from Used Car Sales, the Cost-Income ratio decreases by an additional 8 bps, to 43%. The Cost of Risk remains under control, around 0.4% of Average Outstanding.
Leasys closed 2024 with Profit Before Taxes of €173M and Adjusted Net Income of €112M, both in line with 2023.
Rolando D’Arco, Leasys CEO, commented: “2024 has been a year marked by consolidation and growth. Following the integration with Free2Move Lease and the acquisitions in Portugal and Luxembourg, both completed in 2023, this was Leasys’ first “full” year in its present setup. Its resilience and flexibility in adapting to fluid market scenario, combined with a strong commitment to pursue innovation, digitalization and sustainability allowed Leasys to close the year with very strong commercial and financial results. Managed Fleet reached 906,000 vehicles and Earning Assets exceeded €10,2B. In 2025, Leasys will continue implementing strategies designed to enhance its customer experience, while further strengthening its position as a leader in the LTR and sustainable mobility”
In 2024, Leasys improved customer experience and loyalty with a 13% increase in its NPS and enhanced CX measurement systems. It diversified its funding sources, securing €2.3B in bank lines and raising €2.7B through bond offerings. Digitalization drove growth, with the launch of Leasys e-Store for LEV rentals and the relaunch of My-Leasys to optimize fleet monitoring and promote paperless operations. Leasys introduced e-Move and RE-USE to support electrified vehicle adoption and circular economy. The company continued to engage its 1,380 employees across 11 countries, fostering a work-life balance and encouraging participation in business process improvements.
This document contains preliminary information that is subject to change on completion of the annual audit of the consolidated financial statements
View source version on businesswire.com: https://www.businesswire.com/news/home/20250312504159/en/
Contacts
For more information:
Antonella Giannini -Head of Corporate Communications
Mobile: +39 366 6650678
E-mail: antonella.giannini@leasys.com
Bruno Maria Criscuolo - Head of Investor Relations & ESG
Mobile: +39 338 6705938
E-mail: bruno.criscuolo@leasys.com
Leasys press office
PressMediaLab - Davide D’Amico
Mobile: +39 335 7715011
Tel: +39 011 7732952 – ext. 106, 116
E-mail: press.office@leasys.com
(c) 2024 Business Wire, Inc., All rights reserved.
Business Wire, a Berkshire Hathaway company, is the global leader in multiplatform press release distribution.
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
EIG Acquires a 49.87% Stake in Transportadora de Gas del Perú (TgP)19.12.2025 18:42:00 CET | Press Release
EIG, through its managed investment vehicles, acquired a 49.87% equity stake in Transportadora de Gas del Perú S.A. (“TgP”) from Canada Pension Plan Investment Board today. TgP operates Peru’s principal natural gas and natural gas liquids pipelines under a long-term concession, supplying approximately 40% of the country’s power generation. “We are delighted to complete this transaction and embark on the next chapter of our partnership with TgP,” said Matt Hartman, EIG’s Global Head of Infrastructure. “Our priority is to support TgP’s operational excellence and long-term stability, delivering value for customers and stakeholders throughout Peru.” About EIG EIG is a leading institutional investor in the global energy and infrastructure sectors with $24.3 billion assets under management as of September 30, 2025. EIG specializes in private investments in energy and energy-related infrastructure on a global basis. During its 43-year history, EIG has committed over $51.7 billion to the energ
Klarna Partners With Coinbase to Add Stablecoin to Funding Mix19.12.2025 18:00:00 CET | Press Release
Klarna, the global digital bank and flexible payments provider, has partnered with Coinbase to add stablecoin funding to its broad range of traditional sources of funding, which include consumer deposits, long-term loans and short-dated commercial paper. The digital bank plans to raise short-term funding from institutional investors denominated in USDC utilizing Coinbase’s digitally native infrastructure. Adding a USDC-denominated funding source enables Klarna to access USD-like funding directly, tapping into a new pool of institutional investors. “This is an exciting first step into a new way to raise funding,” said Niclas Neglén, Chief Financial Officer, Klarna, “Stablecoin connects us to an entirely new class of institutional investors, and gives us the potential to diversify our funding sources in ways that simply weren't possible a few years ago. This is just the beginning of how digital assets can work alongside our traditional funding sources." Klarna chose Coinbase for this ini
CyberArk Named a Leader in IDC MarketScape: Worldwide Integrated Solutions for Identity Security 202519.12.2025 17:00:00 CET | Press Release
CyberArk (NASDAQ: CYBR), the global leader in identity security, today announced that it has been recognized as a Leader in the IDC MarketScape: Worldwide Integrated Solutions for Identity Security 2025 Vendor Assessment. CyberArk extends dynamic privilege controls across all identity types with its unified platform, enabling organizations to improve efficiencies and streamline security operations. This IDC MarketScape report notes, “More change has occurred in the identity security marketplace in the past two years than in almost a decade. Vendors are entering a new phase defined by the emergence of intelligence technologies, none of which are specifically defined by any industry standards. Though different by design, the new adjacent IAM offerings are largely focused on improved vulnerability and threat management visibility and automated and predictive attack detection capabilities.” It also notes, “By addressing these evolving identity types within a unified framework, CyberArk enh
New York Liberty and Ant International’s Alipay+ Announce Multiyear Partnership Focused on Empowerment, Sustainability and Youth Development19.12.2025 14:30:00 CET | Press Release
The New York Liberty and Ant International’s Alipay+, a leading cross-border fintech services platform based in Singapore, today announced a multiyear partnership, making Alipay+ an Official Sponsor and Innovation Partner for Sustainability of the New York Liberty. Through this partnership, Alipay+ and the Liberty will jointly support community programs designed to advance community empowerment, environmental sustainability and youth development across New York City. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20251219678825/en/ Peng Yang, CEO, Ant International and Clara Wu Tsai, Vice Chair, Brooklyn Sports and Entertainment; Governor, New York Liberty “Our partnership with Alipay+ goes beyond the game,” said Keia Clarke, Chief Executive Officer, New York Liberty. “Together, we are investing in the future of New York—its people, its environment, and its youth. Ant International’s commitment to community empowerment, sustai
Parse Biosciences and Codebreaker Labs Partner to Apply Whole Transcriptome Single Cell Profiling and Causal Genomics at Scale19.12.2025 14:00:00 CET | Press Release
Parse Biosciences, the leading provider of scalable and accessible single cell sequencing solutions, today announced a collaboration with Codebreaker Labs to develop and validate a breakthrough platform capable of testing thousands of genetic variants in parallel and measuring their effects at single cell resolution. By combining Codebreaker’s synthetic biology platform and variant engineering capabilities with the scale and accessibility of Parse’s Evercode™ technology, the collaboration aims to generate the causal data increasingly sought by AI developers, drug discovery teams, and clinical researchers. Today’s genomic studies rely heavily on observational data, or variants that appear in large populations. But rare and private variants, often only seen in one individual or family, are nearly impossible to study this way because too few carriers of the variant exist to draw statistically meaningful conclusions. As a result, even the most advanced models trained on observational datas
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom