Fraikin employs some 3,500 people and offers long-term leases of industrial and commercial vehicles, including all services linked to their use (80% of the business with a standard term of 3-5 years), and a short-term lease offer as well.

Its customer base covers a large spectrum of economic activities: transporters, distributors and logisticians, as well as industrial and commercial companies of all sizes. The Group is historically present in France, in the UK, Belgium, Luxembourg and more recently in Poland, Slovakia and Switzerland.

Driven by a renewed marketing and commercial policy, Fraikin constantly develops new service offers on its different activities in order to provide the best solutions to meet its clients’ objectives.

The major pillars for 2009 include:

• bolstering proximity to clients and assisting them in their operations;
• continuing the costs and organizational streamlining policy to improve operational performance;
• confirming improvements in the UK.

Although less vulnerable to the full brunt of the crisis due to its proportion of recurring Long-Term contracts (75% of revenues are generated by LT rentals and 10% by fleet management), Fraikin still needs to tackle:

• the downturn in its Short Term operations (15% of its Revenues) due to macroeconomic factors.
• little or no demand on the used truck market.

• extremely selective growth in terms of both price and quality of segments and clients.
• reducing fleet capex, particularly for the extension of existing contracts.
• in-depth analysis of costs and overheads, purchases and WCR management.
• introduction of additional used truck dealership networks.