Leaseurope – Business confidence up for 201330 January 2013 by Peter Johnstone
The European leasing industry is expecting improved business performance in 2013, according to the December 2012 confidence survey by European leasing trade association Leaseurope and leasing consultancy Invigors EMEA.
Respondents appeared less pessimistic than in June 2012, with 58% expecting new business volumes to increase over the next six months, compared to 59% previously, but only 21% expecting a decline compared to 27%.
The number of professionals expecting margins to improve increased by one percentage point to 39%, while 50% expect them to remain unchanged, another 1% increase. However, the number expecting net profits to increase in the next half-year was down to 63% from 66%.
Just over half of those questioned expected bad debt to remain unchanged in the next six months, up to 55% from 52% in June.
Leaseurope reported "few major changes" in expectations for service levels, expenditure and staffing, but said that "some organisations are clearly targeting expansion."
Invigors EMEA partner Richard Ryan said business sentiment continued to improve as the "worst fears" of the eurozone crisis did not appear.
He added: "Most companies are continuing to target growth and expect to improve their bottom line despite the current economic headwinds. Over half the respondents in the December research are more optimistic about the prospects for their business in 2013, significantly higher than in the previous survey."