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Feb 13, 2024

Allane Mobility Group becomes leasing partner for Kia dealers in Germany

EQS-News: Allane SE / Key word(s): Alliance/Miscellaneous
Allane Mobility Group becomes leasing partner for Kia dealers in Germany
13.02.2024 / 09:59 CET/CEST
The issuer is solely responsible for the content of this announcement.

PRESS RELEASE

Allane Mobility Group becomes leasing partner for Kia dealers in Germany

Pullach, 13 February 2024 – The Allane Mobility Group ("Allane"), specialist for vehicle leasing and full-service solutions in Germany, and Kia Deutschland GmbH ("Kia") are establishing a strategic cooperation. With the 'KIA Leasing' brand, Kia partners can now work closely with Allane as a leasing partner and offer their customers customized leasing products on site. Following an extensive pilot phase, 'KIA Leasing' is now available for almost all Kia dealers.

In close cooperation with Kia Germany, 'KIA Leasing' offers both pure vehicle leasing and a wide range of associated services. As part of the cooperation, leasing is viewed holistically and also includes the return and marketing of vehicles at the end of the leasing term. The Kia dealership generally has the option of purchasing the leased vehicles at the end of the contract term and can thus optimize its used vehicle business in a targeted manner.

Thomas Djuren, Managing Director of Kia Deutschland GmbH: "The sale of vehicles together with a leasing product offers a major advantage, particularly with regard to our electrification strategy: the customer can test the entry into electromobility. In addition, they always drive the latest generation of vehicles. Dealers benefit from young used cars and our partners and we benefit equally from greater customer loyalty.“

Eckart Klumpp, CEO of Allane SE: "The expansion of Captive Leasing with the 'KIA Leasing' brand marks another milestone in our company's long-term growth strategy. We are very pleased that we can now fully take off with the 'KIA Leasing' brand and the network of Kia partners."

The cooperation with Kia is an integral part of the company's FAST LANE 27 strategy, which focuses on customer needs and aims to find customized digital solutions. Allane already offers dealers the opportunity to conclude leasing contracts largely digitally with the “Allease” portal. In addition, service modules such as maintenance packages can be integrated into the leasing contract with a single click. This allows Kia dealers to expand their product and service portfolio in a targeted manner. With "Allease", Allane is providing Kia dealers further growth opportunities.

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About Allane Mobility Group:
Allane Mobility Group based in Pullach is a multi-brand provider of comprehensive mobility solutions. In its business fields Retail Leasing, Fleet Leasing and Fleet Management, the Company offers a wide range of services and innovative solutions that make mobility easy in every way.

Private and commercial customers use Allane’s online and offline platforms to lease new vehicles affordably or acquire used vehicles from a large stock. Corporate customers benefit from the cost-efficient full-service leasing of their vehicle fleet and from comprehensive fleet management expertise.

Allane SE (ISIN: DE000A0DPRE6) is listed in the Prime Standard of the Frankfurt Stock Exchange. In the 2022 financial year, the Group generated consolidated revenue of around EUR 717 million.

With around 92 percent, Hyundai Capital Bank Europe GmbH (HCBE), a joint venture of Santander Consumer Bank AG and Hyundai Capital Services Inc., is the largest shareholder of Allane SE.

https://allane-mobility-group.com/en

Press Contact:
Kirchhoff Consult
[email protected]

About Kia
Kia is a global mobility brand with a vision to create sustainable mobility solutions for consumers, communities and societies worldwide. Founded in 1944, the company has been in the mobility industry for eight decades. Today, Kia has around 52,000 employees worldwide, is represented in over 190 markets, operates production facilities in six countries and sells around three million vehicles per year. Kia is a pioneer in popularizing electrified and battery-powered vehicles and developing diverse mobility services to encourage millions of people around the globe to explore the best ways to get around. The brand slogan "Movement that inspires" illustrates Kia's aim to inspire consumers through its products and services.

In the German market, where Kia started sales in 1993, the brand is represented by Kia Deutschland. The 100% Kia subsidiary based in Frankfurt am Main has more than doubled its sales since 2010. In 2023, 20.2 percent of Kia vehicles sold in Germany were already electric cars.

Also based in Frankfurt is Kia Europe, the mobility provider's European sales and marketing organization, which serves 39 markets. Every second Kia sold in Europe comes from European production: in Zilina, Slovakia, the company has been operating a state-of-the-art production facility with an annual capacity of 350,000 vehicles since 2006.

Since 2010, the brand has granted the 7-year Kia manufacturer's warranty (max. 150,000 km, in accordance with the applicable warranty conditions) for all new cars sold in Europe.



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Jan 10, 2024

Allane SE: Preliminary announcement of the publication of financial reports according to Articles 114, 115, 117 of the WpHG [the German Securities Act]

Allane SE / Preliminary announcement on the disclosure of financial statements
Allane SE: Preliminary announcement of the publication of financial reports according to Articles 114, 115, 117 of the WpHG [the German Securities Act]
10.01.2024 / 11:31 CET/CEST
Preliminary announcement of the publication of financial reports according to Articles 114, 115, 117 of the WpHG [the German Securities Act] transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Allane SE hereby announces that the following financial reports shall be disclosed:

Report Type: Financial report of the group (half-year/Q2)

Language: German
Date of disclosure: August 23, 2024
Address: https://ir.allane-mobility-group.com/websites/allane/German/3420/zwischenberichte.html

Language: English
Date of disclosure: August 23, 2024
Address: https://ir.allane-mobility-group.com/websites/allane/English/3420/interim-reports.html


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Jan 10, 2024

Allane SE: Preliminary announcement of the publication of financial reports according to Articles 114, 115, 117 of the WpHG [the German Securities Act]

Allane SE / Preliminary announcement on the disclosure of financial statements
Allane SE: Preliminary announcement of the publication of financial reports according to Articles 114, 115, 117 of the WpHG [the German Securities Act]
10.01.2024 / 10:34 CET/CEST
Preliminary announcement of the publication of financial reports according to Articles 114, 115, 117 of the WpHG [the German Securities Act] transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Allane SE hereby announces that the following financial reports shall be disclosed:

Report Type: Annual financial report of the group

Language: German
Date of disclosure: April 30, 2024
Address: https://ir.allane-mobility-group.com/websites/allane/German/3410/jahresberichte.html

Language: English
Date of disclosure: April 30, 2024
Address: https://ir.allane-mobility-group.com/websites/allane/English/3410/annual-reports.html


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Jan 10, 2024

Allane SE: Preliminary announcement of the publication of financial reports according to Articles 114, 115, 117 of the WpHG [the German Securities Act]

Allane SE / Preliminary announcement on the disclosure of financial statements
Allane SE: Preliminary announcement of the publication of financial reports according to Articles 114, 115, 117 of the WpHG [the German Securities Act]
10.01.2024 / 09:53 CET/CEST
Preliminary announcement of the publication of financial reports according to Articles 114, 115, 117 of the WpHG [the German Securities Act] transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Allane SE hereby announces that the following financial reports shall be disclosed:

Report Type: Annual financial report

Language: German
Date of disclosure: April 30, 2024
Address: https://ir.allane-mobility-group.com/websites/allane/German/3400/finanzberichte.html

Language: English
Date of disclosure: April 30, 2024
Address: https://ir.allane-mobility-group.com/websites/allane/English/3410/annual-reports.html


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Jan 02, 2024

Allane Mobility Group: Eckart Klumpp takes up office as CEO

EQS-News: Allane SE / Key word(s): Personnel
Allane Mobility Group: Eckart Klumpp takes up office as CEO
02.01.2024 / 09:30 CET/CEST
The issuer is solely responsible for the content of this announcement.

Allane Mobility Group: Eckart Klumpp takes up office as CEO 

Pullach, 2 January 2024 – Eckart Klumpp took up his position as Chief Executive Officer (CEO) of Allane Mobility Group ("Allane"), specialist for vehicle leasing and full-service solutions in Germany, on 1 January 2024. He thus succeeds Donglim Shin, who had left the company on 31 December 2023. In order to ensure an optimal transition together with his predecessor, Eckart Klumpp had already been working in an advisory role at Allane since October 2023. He was appointed CEO by the Supervisory Board of Allane SE at the end of last year.

Jochen Klöpper, Chairman of the Supervisory Board of Allane SE: "We are delighted that we have been able to recruit Eckart Klumpp as the new CEO of Allane. With his many years of international experience in the areas of automotive financing and sales, he is the ideal candidate for this position. On behalf of the entire Supervisory Board and all Allane employees, I wish him a good start and great success in his new role."

Eckart Klumpp, CEO of Allane SE: "I am grateful for the trust placed in me and I am very much looking forward to shaping the further development of the company together with my Managing Board colleague Álvaro Hernández and the entire Allane team. Allane's great expertise, its holistic concept in terms of comprehensive mobility solutions, and its successful business model have great potential for growth. We want to expand Allane's market position and achieve sustainable growth."

Eckart Klumpp began his career in 1991 at Mercedes-Benz AG and has held various management positions at different companies in the banking and automotive industries, including DaimlerChrysler Financial Services, LLC. He was appointed Chief Commercial Officer of Hyundai Capital America in June 2020 and has significantly advanced the operating business in the areas of car leasing and financing as part of his role.

Picture material:

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About Allane Mobility Group:

Allane Mobility Group based in Pullach is a multi-brand provider of comprehensive mobility solutions. In its business fields Retail Leasing, Fleet Leasing and Fleet Management, the Company offers a wide range of services and innovative solutions that make mobility easy in every way.

Private and commercial customers use Allane’s online and offline platforms to lease new vehicles affordably or acquire used vehicles from a large stock. Corporate customers benefit from the cost-efficient full-service leasing of their vehicle fleet and from comprehensive fleet management expertise.

Allane SE (ISIN: DE000A0DPRE6) is listed in the Prime Standard of the Frankfurt Stock Exchange. In the 2022 financial year, the Group generated consolidated revenue of around EUR 717 million.

With around 92 percent, Hyundai Capital Bank Europe GmbH (HCBE), a joint venture of Santander Consumer Bank AG and Hyundai Capital Services Inc., is the largest shareholder of Allane SE.

https://allane-mobility-group.com/en

 

Contact:

Allane Mobility Group

Investor Relations

+49 89 7080 81 610

[email protected] 

 



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Dec 22, 2023

Allane Mobility Group strengthens role of Chief Mobility Officer – further strategic alignment between business lines and technology

EQS-News: Allane SE / Key word(s): Personnel/Miscellaneous
Allane Mobility Group strengthens role of Chief Mobility Officer – further strategic alignment between business lines and technology
22.12.2023 / 09:00 CET/CEST
The issuer is solely responsible for the content of this announcement.

Allane Mobility Group strengthens role of Chief Mobility Officer – further strategic alignment between business lines and technology

Pullach, 22 December 2023 – The Allane Mobility Group ("Allane"), specialist for vehicle leasing and full-service solutions in Germany, announces that the  responsibilities of the Chief Mobility Officer (CMO), Changhwan Song, have been supplemented by the product management for the Group. Mr. Song will play a key role in advancing the mobility strategy of Allane, now being responsible for the Group strategy, the new Captive Leasing business, the mobility platform and also product management. The goal of Allane is to ensure proactive reactions on rapid changes in the market environment and the implementation of the strategy as well as the strategic alignment between business lines and technology.

Mr. Song has over 19 years of experience in business consulting, project management and technology. His international career includes leadership positions at e.g. Samsung and Hyundai Capital Bank.

Donglim Shin, CEO of Allane SE: "Changhwan Song has impressive professional background. His expertise and enthusiasm for innovative mobility solutions align with our vision for sustainable transportation. In his expaneded role as CMO he will especially be leading our strategy and digitalization projects."

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About Allane Mobility Group:
Allane Mobility Group based in Pullach is a multi-brand provider of comprehensive mobility solutions. In its business fields Retail Leasing, Fleet Leasing and Fleet Management, the Company offers a wide range of services and innovative solutions that make mobility easy in every way.

Private and commercial customers use Allane’s online and offline platforms to lease new vehicles affordably or acquire used vehicles from a large stock. Corporate customers benefit from the cost-efficient full-service leasing of their vehicle fleet and from comprehensive fleet management expertise.

Allane SE (ISIN: DE000A0DPRE6) is listed in the Prime Standard of the Frankfurt Stock Exchange. In the 2022 financial year, the Group generated consolidated revenue of around EUR 717 million.

With around 92 percent, Hyundai Capital Bank Europe GmbH (HCBE), a joint venture of Santander Consumer Bank AG and Hyundai Capital Services Inc., is the largest shareholder of Allane SE.

https://allane-mobility-group.com/en

 

Press Contact:
Kirchhoff Consult AG
[email protected]

 

 



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Nov 21, 2023

Allane Mobility Group: autohaus24 opens strategic location in Wuppertal

EQS-News: Allane SE / Key word(s): Miscellaneous
Allane Mobility Group: autohaus24 opens strategic location in Wuppertal
21.11.2023 / 09:36 CET/CEST
The issuer is solely responsible for the content of this announcement.

PRESS RELEASE

Allane Mobility Group: autohaus24 opens strategic location in Wuppertal

Pullach, 21 November 2023 – The Allane Mobility Group ("Allane"), specialist for vehicle leasing and full-service solutions in Germany, has once again expanded its offline business and opened a new autohaus24 location in Wuppertal. The geographical location of the new point of sale in an economically strong metropolitan center enables autohaus24 to significantly expand its market presence in North Rhine-Westphalia and to exploit further market potential in the Rhine-Ruhr region as well as in the neighboring BENELUX states. The location in Wuppertal adds another strategic anchor point to the three existing branch offices in Berlin/Brandenburg, Bavaria and Hesse. The official opening of the new location took place on 18 November 2023 in the presence of the Mayor of the City of Wuppertal, Dagmar Liste-Frinker.

Werner König, Managing Director of autohaus24 GmbH: "We are very pleased about the opening of our new autohaus24 location in Wuppertal. Thanks to its strategic location in one of the most densely populated areas in Germany, we can, on the one hand, tap into new market potential – even beyond Germany. On the other hand, the large size of the new location creates the conditions for a wider range of products and consequently a significant improvement in the customer experience. This will enable us to further increase our sales figures and reduce the number of days the vehicles remain on the site."

The expansion of the autohaus24 business is part of the Allane Mobility Group's growth strategy. Among other things, the strategy envisages developing autohaus24 into a Mobility Solution Center that offers optimized products and services beyond the existing range.

The geographical location of the new autohaus24 site was chosen so that previously untapped market potential in the densely populated and economically strong Rhine-Ruhr region and neighboring countries can be exploited. For example, around 25 percent of the Allane Mobility Group's existing Online Retail Leasing customers come from within a radius of 100 kilometers. With a site area of around 13,000 square meters, which offers a parking space for around 500 vehicles, the spacious location in Wuppertal is also an ideal handover location for vehicles and should make a significant contribution to reducing process times and costs and lowering CO2 emissions by avoiding additional transport routes, e. g. for the delivery of vehicles. In this way, the Allane Mobility Group aims to optimize the customer experience and further increase customer satisfaction.

Image material (from left to right: Donglim Shin, CEO of Allane Mobility Group, Dagmar Liste-Frinker, Mayor of the City of Wuppertal, and Werner König, Managing Director of autohaus24 GmbH) of the new autohaus24 location in Wuppertal and the opening ceremony are available here. The image rights are owned by Allane SE.

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About autohaus24 GmbH:

autohaus24 GmbH, a wholly owned subsidiary of Allane SE, is the largest independent used car dealer in Germany. The vehicles are marketed at three major locations in Munich-Eching, Frankfurt-Egelsbach and Berlin-Ludwigsfelde as well as via autohaus24.de. Customers also have the option of configuring new cars on the website.

www.autohaus24.de

About Allane Mobility Group:

Allane Mobility Group based in Pullach is a multi-brand provider of comprehensive mobility solutions. In its business fields Retail Leasing, Fleet Leasing and Fleet Management, the Company offers a wide range of services and innovative solutions that make mobility easy in every way.

Private and commercial customers use Allane’s online and offline platforms to lease new vehicles affordably or acquire used vehicles from a large stock. Corporate customers benefit from the cost-efficient full-service leasing of their vehicle fleet and from comprehensive fleet management expertise.

Allane SE (ISIN: DE000A0DPRE6) is listed in the Prime Standard of the Frankfurt Stock Exchange. In the 2022 financial year, the Group generated consolidated revenue of around EUR 717 million.

With around 92 percent, Hyundai Capital Bank Europe GmbH (HCBE), a joint venture of Santander Consumer Bank AG and Hyundai Capital Services Inc., is the largest shareholder of Allane SE.

https://allane-mobility-group.com/en

Press Contact:
Kirchhoff Consult AG
[email protected]



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Nov 14, 2023

Allane SE: Resignation of Mr. Donglim Shin from the Executive Board of Allane SE and nomination of Mr. Eckart Klumpp as new CEO

Allane SE / Key word(s): Personnel
Allane SE: Resignation of Mr. Donglim Shin from the Executive Board of Allane SE and nomination of Mr. Eckart Klumpp as new CEO

14-Nov-2023 / 13:24 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Allane SE: Resignation of Mr. Donglim Shin from the Executive Board of Allane SE and nomination of Mr. Eckart Klumpp as new CEO

Pullach, 14.11.2023 – The Supervisory Board of Allane SE today agreed on changes to the Executive Board of Allane SE.

The Supervisory Board of Allane SE today resolved the mutually agreed resignation of the CEO, Mr. Donglim Shin, from the company’s Executive Board with effect as of the end of 31 December 2023.  At the same time, the Supervisory Board announced its intention to appoint Mr. Eckart Klumpp as member of the Executive Board and CEO of Allane SE with effect from 1 January 2024. Mr. Eckart Klumpp has been working as Chief Commercial Officer, Sales and Marketing Division at Hyundai Capital America for the last six years and has many years of expertise in the fields of sales and leasing. The intended appointment of Mr. Eckart Klumpp will be notified to the German Federal Financial Supervisory Authority (BaFin). The appointment remains subject to a separate resolution of the Supervisory Board.

Contact:
Peter Thoma
Investor Relations
Email: [email protected]
Tel: +49 (0) 89 70808 1351

 



End of Inside Information

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Nov 09, 2023

Allane Mobility Group: Positive business development in the first nine months with strong new business in Retail Leasing

EQS-News: Allane SE / Key word(s): Quarterly / Interim Statement/9 Month figures
Allane Mobility Group: Positive business development in the first nine months with strong new business in Retail Leasing
09.11.2023 / 09:02 CET/CEST
The issuer is solely responsible for the content of this announcement.

PRESS RELEASE

Allane Mobility Group: Positive business development in the first nine months with strong new business in Retail Leasing

  • Consolidated revenue increased by 1.2% to EUR 561.2 million
  • Group contract portfolio increased by 4.7%
  • Forecast for the 2023 financial year confirmed

Pullach, 9 November 2023 – Allane Mobility Group ("Allane"), specialist for vehicle leasing and full-service solutions in Germany, has performed successfully in the period from January to September 2023. While consolidated operating revenue and group contract portfolio increased compared to the same period of the previous year, consolidated earnings before taxes (EBT) slightly decreased due to higher financing costs. Based on these developments, Allane confirms its forecast for the full year.

Donglim Shin, CEO of Allane SE: "In the first nine months of 2023, we succeeded in further expanding our contract portfolio and increasing our revenue. This is due in particular to the positive development of the Captive Leasing business, which supplements our Retail Leasing business field. It shows that we are on the right path to sustainable profitable growth with our newly developed dealer portal 'Allease' and the associated cooperations."

Business development in the first nine months of 2023
The Group contract portfolio in Germany and abroad (excluding franchise and cooperation partners) stood at 121,300 contracts, which is 4.7% higher than the figure as of 31 December 2022 (115,900 contracts). This positive development is primarily due to the successful cooperation with Hyundai Motor Deutschland and the roll-out of the new dealer portal "Allease."

Consolidated revenue, which includes operating revenue and sales revenue, increased by 1.2% to EUR 561.2 million in the first nine months of 2023 (9M 2022: EUR 554.6 million). Consolidated operating revenue (excluding sales revenue) increased slightly by 0.6% to EUR 293.4 million (9M 2022: EUR 291.7 million). This development is mainly due to the significant increase in the contract portfolio in the Leasing business unit and the resulting rise in lease installment income, although the decline in usage-related income, particularly for fuel, had a dampening effect. Sales revenue from the sale of lease returns and the marketing of customer vehicles from Fleet Management increased by 1.8% to EUR 267.7 million (9M 2022: EUR 263.0 million). This was mainly due to a slight increase in the volume of vehicles sold resulting from the continued high demand for used vehicles, with unit prices remaining at the previous year's level.

Consolidated earnings before before interest, taxes, depreciation and amortization (EBITDA) increased by 9.7% to EUR 152.9 million (9M 2022: EUR 139.4 million) in the first nine months of 2023. Consolidated earnings before taxes (EBT) recorded a decline of 3.9 percent to EUR 10.6 million (9M 2022: EUR 11.0 million) in the same period. This is mainly due to the increase in refinancing costs as a result of higher interest expenses.

Forecast for the 2023 financial year confirmed
Allane Mobility Group confirms its forecast published in the 2022 Annual Report. According to this, the Company expects a group contract portfolio in a range of 120,000 to 150,000 contracts (2022: 115,900 contracts) for the current 2023 financial year and a consolidated operating revenue between EUR 350 million and EUR 400 million (2022: EUR 385.4 million). Allane anticipates an EBT in the low double-digit million-euro range (2022: EUR 12.8 million).

The full quarterly statement as of 30 September 2023 is available for download on the Investor Relations website of Allane Mobility Group.

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About Allane Mobility Group:
Allane Mobility Group based in Pullach is a multi-brand provider of comprehensive mobility solutions. In its business fields Retail Leasing, Fleet Leasing and Fleet Management, the Company offers a wide range of services and innovative solutions that make mobility easy in every way.

Private and commercial customers use Allane’s online and offline platforms to lease new vehicles affordably or acquire used vehicles from a large stock. Corporate customers benefit from the cost-efficient full-service leasing of their vehicle fleet and from comprehensive fleet management expertise.

Allane SE (ISIN: DE000A0DPRE6) is listed in the Prime Standard of the Frankfurt Stock Exchange. In the 2022 financial year, the Group generated consolidated revenue of around EUR 717 million.

With around 92 percent, Hyundai Capital Bank Europe GmbH (HCBE), a joint venture of Santander Consumer Bank AG and Hyundai Capital Services Inc., is the largest shareholder of Allane SE.

https://allane-mobility-group.com/en

Contact:
Allane Mobility Group
Investor Relations
+49 89 7080 81 610
[email protected]



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Sep 07, 2023

Allane Mobility Group extends range of services with return protection insurance for lessees in cooperation with ELEMENT

EQS-News: Allane SE / Key word(s): Alliance/Product Launch
Allane Mobility Group extends range of services with return protection insurance for lessees in cooperation with ELEMENT
07.09.2023 / 09:00 CET/CEST
The issuer is solely responsible for the content of this announcement.

Allane Mobility Group extends range of services with return protection insurance for lessees in cooperation with ELEMENT

Pullach, 7 September 2023 – The Allane Mobility Group (“Allane”), specialist for vehicle leasing and full-service solutions in Germany, has once again expanded its range of services and now offers private and commercial customers the "Allane Return Protection" (“Allane Rückgabeschutz”) insurance. The new offering is made in cooperation with ELEMENT Insurance AG ("ELEMENT"), Europe's only full-service B2B2X insurance platform. The Return Protection Insurance provides Allane lessees with comprehensive coverage against unexpected costs that may arise upon the return of a leased vehicle due to identified diminished value. The insurance covers a wide range of damages, including paint damage, scratches, dents, dings, interior and trunk damage, and rim damage.

Donglim Shin, CEO of Allane Mobility Group: ”With our new insurance, we enable our customers to minimize financial risks from the lease and offer them additional security and convenience. The 'Allane Return Protection' also supports our strategic goals of further expanding the modular service offering and placing greater focus on innovations and cooperations."

Tim Kaltofen, Vice President Sales at ELEMENT: "We are very pleased about the cooperation with Allane Mobility Group. ELEMENT's vision is to make the provision of insurances as easy and available as possible for our partners throughout the European Union. We are convinced that the end customers of Allane Mobility Group will benefit from the new insurance offer.“

The "Allane return protection" is effective when the lessor makes justified compensation claims resulting from reduced values due to excessive use of the vehicle. It applies to personal and commercial leases for up to ten vehicles on a mileage lease. The insurance is available for passenger cars and commercial vehicles up to 3.5 tons registered in Germany. The maximum insured value is EUR 210,000. The return protection insurance can be taken out for a maximum of one year before and eight weeks after the vehicle is handed over, with the term of the insurance contract corresponding to the term of the respective leasing contract. The compensation amounts to a maximum of EUR 3,000 net per leasing contract.

In the case of "Allane Return Protection", Allane acts as an intermediary, with the insurance contract being concluded between the lessee and ELEMENT. Through strategic partnerships and cooperations, Allane SE aims to continue expanding its product and service offering in the future in order to further strengthen its position in the leasing market.

Further informationen on the ”Allane Return Protection“ are available here.

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About Allane Mobility Group:
Allane Mobility Group based in Pullach is a multi-brand provider of comprehensive mobility solutions. In its business fields Retail Leasing, Fleet Leasing and Fleet Management, the Company offers a wide range of services and innovative solutions that make mobility easy in every way.

Private and commercial customers use Allane’s online and offline platforms to lease new vehicles affordably or acquire used vehicles from a large stock. Corporate customers benefit from the cost-efficient full-service leasing of their vehicle fleet and from comprehensive fleet management expertise.

Allane SE (ISIN: DE000A0DPRE6) is listed in the Prime Standard of the Frankfurt Stock Exchange. In the 2022 financial year, the Group generated consolidated revenue of around EUR 717 million.

With around 92 percent, Hyundai Capital Bank Europe GmbH (HCBE), a joint venture of Santander Consumer Bank AG and Hyundai Capital Services Inc., is the largest shareholder of Allane SE.

https://allane-mobility-group.com/en

 

Press Contact:
Kirchhoff Consult AG
[email protected]

 

About ELEMENT:
ELEMENT Insurance AG is the leader in the seamless delivery of insurance for its partners in Europe. The 100% cloud based InsurTech is licensed by the Federal Financial Supervisory Authority (BaFin) as a primary insurer for property and casualty insurance, while being able to operate as a risk carrier in all EU countries. As a digital icompany, ELEMENT can create innovative insurance solutions quickly, flexibly, reliably and efficiently along the entire B2B2X value chain in the European market. The combination of insurance and technology expertise makes ELEMENT a pioneer of digitization in the insurance industry.

https://www.element.in/

 

Press Contact:
Ana Feijoo (Head of Marketing & Communications)
[email protected]

                   



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