Arval Service Lease reported strong 2022 financial results, with an 8.3% growth in its leased fleet and a net income increase of 73.4%, driven by strategic acquisitions and a thriving used-car market.

Target Information

Arval Service Lease, a prominent player in the mobility sector, reported exceptional financial results for the year 2022. With a leased fleet comprising 1.6 million vehicles, this marks an 8.3% increase compared to the end of 2021. The company's gross operating income surged to €2.495 billion, reflecting a remarkable 43.7% growth year-on-year. Arval's net income also saw significant growth, reaching €1.249 billion, representing a 73.4% increase from the previous year. This positive trajectory was propelled by strong demand within the used-car market and ongoing expansion efforts through strategic acquisitions.

Industry Overview in the Netherlands

The automotive leasing industry in the Netherlands has experienced robust growth, with increasing preferences for full-service leasing among both corporate and retail clients. Factors such as the semiconductor shortage and logistical challenges have impacted new vehicle availability; however, the demand for electric and used vehicles remains strong. This has led to a conducive environment for leasing companies to expand their services and portfolios. In fact, the sector is witnessing a transformation that aligns with sustainability goals, pushing companies like Arval to innovate and adapt to changing consumer needs.

In 2022, the Netherlands saw significant developments in electric mobility, with government support initiatives enhancing the charging infrastructure and incentivizing consumers