Leasys continues to grow as 2024 results released

LEASING and mobility provider Leasys has demonstrated robust growth having released its 2024 full year figures.

The highlight is the 87% year-on-year growth of new contracts thanks to the consolidation of activities between Leasys and F2M Lease.

But there was also strong growth in light commercial vehicles segment with contracts tripling vs 2023 and with EVs, contracts growing by 50% over the same period.

Compared to 2023, there was greater penetration on Stellantis B2B sales and in the long-term contract hire channel. Leasys also attracted a greater number of corporate customers, up 32% year on year, while the managed fleet grew more modestly to 906,000 units (+4 % vs 2023) bringing Leasys closer to its target of 1m vehicles by 2026.

Leasys said that strong growth in its ‘organic’ margins had helped ameliorate losses in the used market which had affected all operators in the sector.

Commenting on the Group’s 2024 results, Rolando D’Arco, Leasys CEO, stated:

“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 the fist ‘full’ year of Leasys in its present setup. Its resilience and flexibility in adapting to a  fluid market scenario, combined with a strong commitment to pursue innovation, digitalisation and sustainability allowed Leasys to close the year with very strong commercial and financial results.

“In 2025, Leasys will continue implementing strategies designed to enhance its customer experience, while further strengthening its position as a leader in the Long Term Rental and sustainable mobility.”

Leasys is a joint venture equally owned by Stellantis and Crédit Agricole Personal Finance & Mobility. In the UK, Leasys was the only leasing company in the FN50 top 10 to move up a place reflecting a positive performance in the UK.