De Lage Landen (DLL) posted a net profit of
€101m in the first half of 2010, more than 50% up compared to last
year’s €47m.
DLL’s car lease business performed better than
expected, due to order volume picking up and improved conditions in
the used car market.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
Overall, credit portfolio grew to €25.6bn, a
6% increase since end of 2009, and despite a “challenging Dutch
home market”.
Vendor finance business was “satisfying” even
though recovery has not been consistent across units and regions,
the Dutch lessor said.
It added that corporate leasing business
performed well, with a positive outlook for the next months,
although SME customers have been hit harder and have considerably
reduced investments.
The lessor’s CEO Ronald Slaats warned that
recovery would still be slow. “We do see some economic
stabilization in various parts of the world, but the recovery is
still quite fragile. Consistent risk management and cost
consciousness remains key.”
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
