FleetPartners Group FY24 financial achievements

FleetPartners Group (ASX:FPR) has announced its financial results for FY24, highlighting a record $924 million in new business writings, marking a 21% increase from the previous year. The company also reported an 11% rise in assets under management, reaching $2.3 billion. Despite these achievements, net profit after tax excluding amortisation saw a slight decrease of 1% to $87.7 million.

Analysis of FleetPartners' strategic initiatives and future outlook

FleetPartners Group's FY24 results underscore its strong performance with record achievements in new business writings and assets under management. The company's strategic growth in novated leasing and fleet segments contributed to these results. Despite a slight decrease in net profit, the company is poised for continued growth, supported by strategic financial management and operational efficiency programs like the Accelerate Program. The sustainability initiatives, including the Green Bond Framework, highlight FleetPartners' commitment to ESG principles. Looking forward, the company aims to further enhance its market position and shareholder value through ongoing strategic initiatives and financial flexibility.

Executive insights on FleetPartners' FY24 performance

The results reflect significant growth in our new business writings and assets under management, demonstrating our strategic focus on expanding our market presence. We are committed to delivering value to our shareholders, as shown by our decision to initiate a $30 million share buy-back in 1H25.