EasyLease Reports Impressive Financial Results for H1 2023, Anticipates Robust Growth

EasyLease Reports Impressive Financial Results for H1 2023, Anticipates Robust Growth

EasyLease, a leading Mobility Solution company and a subsidiary of Abu Dhabi-based International Holdings Company (IHC), has released its financial results for the first half of 2023, ending on 30th June. The company reported AED 139 million in revenue, representing a significant 37.5 percent year-on-year (YoY) increase over H1 2022. Moreover, the company’s gross profit also saw a healthy 18 percent YoY growth, reaching AED 36.8 million.

Easylease has reaffirmed its 2023 guidance and revised its growth outlook for the UAE, Saudi, and Bahraini markets, now aiming for a remarkable 66 percent growth, up from the previous target of 37.5 percent. The company’s strategic focus on expanding investments in developing and deploying new mobility solutions aligns with its long-term growth plan projections. As a result, the net profit for the same period stood at AED 16.3 million compared to AED 22.2 million in the previous corresponding period, which reflects the company’s dedication to its long-term vision.

Matar Suhail Ali Al Yabhouni, Chairman of EasyLease, expressed the company’s commitment to long-term sustainability and achieving ambitious objectives outlined in their forward 2025 plan.

Ahmad Al Sadah, CEO of EasyLease, highlighted the company’s proactive efforts in addressing logistics mobility supply gaps, providing expedited delivery services, and enhancing customer satisfaction. These initiatives are aligned with the UAE’s growing prominence as an e-commerce and smart hub in the region.

EasyLease is making substantial investments in cutting-edge technology and infrastructure to expand its market presence across the region. Automation solutions are being implemented to enhance operational efficiency for clients, while innovative solutions like autonomous vehicles and drone deliveries are being explored to optimize last-mile delivery processes, ensuring greater speed and effectiveness. These initiatives position EasyLease as a key player in the ever-evolving mobility and logistics industry in the region.

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