The net result compares to 152.4m euros for the same period last year.
This year’s financial performance has been impacted by 14 million euros cost increases largely related to its CarNext.com used car sales platform and a decision to stop development of LeasePlan’s Core Leasing System in favor of a Next Generation Digital Architecture, leading to an impairment of 92 million euros.
During Q2, LeasePlan also saw its serviced fleet grow 2.8% to 1,856,000, and the number of vehicles sold through the CarNext.com platform rise 35% to 15,700.
Tex Gunning, CEO of LeasePlan, said: “The car as a service market is expected to grow substantially over the next five to 10 years driven by the mega trend from car ownership to mobility as a service.
“In order to deliver these new mobility services to millions of customers, we need a business model that is entirely digital, meaning delivering digital services at digital cost levels and leveraging our rich data sources through AI technologies,
“This requires a traditional architecture that is flexible, scalable and adaptable to new emerging digital platforms and digital technologies.
“Traditional process-oriented IT architectures are not fit for purpose in the digital world and therefore we have taken the strategic decision to stop the development of our core leasing system in favor of a more dynamic and modular next generation digital architecture.
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