Germany’s Deutsche Leasing Group reported over 7bn in new business for the year to September 2012, according to the company’s annual report published in March.
The figure, which represents 4% annual growth, draws together 5.7bn of new business from the domestic leasing market in Germany, and 1.5bn from the company’s foreign subsidiaries. The domestic figure includes 1.2bn from subsidiary Deutsche Anlagen Leasing (DAL), which Deutsche Leasing acquired from HSH Nordbank at the start of the reporting period in September 2011.
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The company says it "more than fulfilled" its income goals for the year, with income up around 30% from 70.2m to 90.9m, and a 15% increase in net profit to 58.4m.
Kai Ostermann, chief executive of Deutsche Leasing, said the company "set great store by a solid business base," and described its "broad international presence in 22 countries" as "unrivalled" both in German leasing and in parent company Sparkassen-Finanzgruppe.
The company has also commented on the first five months of its new reporting year, up to February 2013, during which period new business volume grew "moderately" compared to the same period the year before.
Deutsche Leasing has also fully taken over service leasing from Hannover Leasing Automotive, a move which the company expects to have a "positive effect" on its car fleet business, and consolidates its "leading position" among independent car lessors.
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By GlobalDataOstermann issued a conservative forecast for the coming year, due to a continued "tenuous" global economic situation, "particularly in Europe." However, the company is confident that it can continue to consolidate its position in the asset finance market.
