NF FLEET A/S

Egen beskrivelse på virk.dk

In close collaboration with the Nordea group and Ayvens Danmark A/S, the Company offers leasing solutions primarily focusing on business clients within the Nordea group. In addition, the Company also offers private leasing solutions through various brand partnerships (white label). Under its primary product offering, Full Service Leasing, the Company purchases vehicles with a view to leasing them to its customers. During the lease period, it earns a financing spread (Leasing margin) equal to the difference between, on the one hand, the leasing contract revenue it receives from customers, equal to the expected depreciation of the leased vehicle plus the interest charge for funding the vehicle as well as other associated costs, and, on the other hand, the leasing contract costs, which are comprised of the costs for the expected depreciation of the leased vehicle and the costs of funds the Company incurs to fund the vehicles. The Company also generates income from the wide range of services that it offers under both its Full Service Leasing and Fleet Management products, such as maintenance and repairs, insurance, tyres and replacement vehicles. This income is referred to as the Services margin, representing the difference between the fixed costs invoiced in the monthly rental and the costs incurred by the Company in providing these services. Lastly, the Company generates income from the remarketing of its used vehicles at the termination of a lease contract, referred to as the Used Car Sales result. The Company markets and sells used vehicles at the end of their lease through various channels: professional dealers or traders, directly to the users of the vehicles or sales to individual customers, respectively through its global auction platforms dedicated to traders and dealers (Ayvens Carmarket) and through online vehicle sales to retail customers (under the Ayvens brand). Ayvens Carmarket is the main channel used to market and resell its used vehicles. Via this website, the Company can also remarket, on behalf of its customers and partners, used cars which it does not own, earning a fee from the proceeds of the sale.