Fleets drive growth for Novuna and MHC Mobility

Vehicle leasing and mobility solutions providers Novuna Vehicle Solutions and MHC Mobility, the UK and European operations of Mitsubishi HC Capital UK, have reported group level pre-tax profits of £126m after growing their fleet by 155,000 vehicles.

Novuna, which saw pre-tax profits rise to £62.8m, boosted its fleets by 5.7% to 109,000 vehicles, which has seen its fleet value rise to £1.9bn. The company has also continued to drive a net zero agenda through the continued electrification of its fleet.

Meanwhile, MHC Mobility, which operates across Austria, Belgium, Czechia, Germany, Hungary, the Netherlands, Poland and Slovakia, recorded pre-tax profits of £10.3m and saw growth in new business volumes of 35%

Jon Lawes, managing director for Novuna Vehicle Solutions and MHC Mobility, said: “Our unique capability to build, fund and manage the in-life maintenance across all vehicle types, fuelled our performance this year.  Driven by our customer centric approach and end-to end decarbonisation expertise, we continue to secure contracts with some of the largest fleet operators as the business continues to lead the transition to net zero.

“Following the integration of MHC Mobility, we are focused on continuing to build on our reputation as a trusted partner for every vehicle and every business in the UK and across Europe.”