Arma sees big growth in a flat market

LEASING company Arma, which operates vehicles in four European countries, saw its fleet grow by 10% in 2002 – at a time when the market grew by only 2%.

The company runs a fleet of almost 19,000 vehicles in the Belgium, Luxembourg, the Netherlands and the UK, and in its 2002 annual report, the group has noted a rise in net profits from €6.5 million to €8.2 million.