LeasePlan’s third quarter results skid after surprise Turkish exposure

By Asad Ali
13 Nov 2018

The perils of leaving foreign currency exposure unhedged were on display with LeasePlan’s latest results, announced on Tuesday, which showed net results halved compared to the same quarter last year.

The company, regulated by the Dutch Central Bank, pulled its planned IPO last month, citing adverse market conditions. It has now suffered a fresh set back brought on by a slide of the Turkish lira.

Despite a 2.4% growth in nine month revenues compared to last year, its ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.