LeasePlan’s third quarter results skid after surprise Turkish exposure
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 ...
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