German technology leasing company CHG-Meridian grew its total lease volumes by 8% to 448m in the first half of 2014, according to the company’s result released today.
Over half of this volume came from its domestic German market, which saw 229m worth of lease originations, up from 214m in the same period in 2013.
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CHG reported that Central, Western and Southern European markets had recorded growth. The exception was Eastern Europe, which it said shrank from 13.8m to 11.0m.
Total gross profit for the period was 60,227, up from 57,284 in the first half of 2014.
However the company warned that it expected growth to slow in the second half of the year. Jürgen Mossakowski, CHG’s chief executive officer, said; "The pace of growth slowed slightly in May and June, and we will find it difficult in the second half of the year to deliver the sort of exceptional performance that we achieved in the corresponding period of 2013."
As Leasing Life found in its feature on IT leasing, lessor focus has increasingly moved onto providing a service as part of the finance.
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By GlobalDataMossakowski said; "The pace of growth slowed slightly in May and June, and we will find it difficult in the second half of the year to deliver the sort of exceptional performance that we achieved in the corresponding period of 2013."
Over the whole of 2013, CHG made a total 1,009m from leasing.
