The company, a joint venture with German print
manufacturer Koenig & Bauer (KBA), was started 11 years ago in
order to provide finance for sheetfeed and web presses, as well as
for more specialist machinery such as banknote presses.
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Despite making a €100 million operating profit
in its web and special press division, parent KBA saw a huge loss
of €80 million in 2008, due to massive restructuring and
production shortfalls in its sheetfed press
business.
Nevertheless, funding lines to KBA Leasing
will remain fully open, according to DL head of vendor programmes
Eckhardt Roeckl. With many German banks cutting off finance to the
print sector, the company has seen a significant upturn in leasing
enquiries so far in 2009, which it hopes to translate into
sales.
Deutsche Leasing, which is in a “relatively
comfortable position” due to its ownership by Germany’s Sparkassen
or savings banks, is now looking to set up more partnerships in the
mid ticket plant sector, said Roeckl.
He added that DL’s vendor division was
currently engaged in heavy discussion about which sectors might
present an opportunity for the year ahead.
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By GlobalData• Founded in Wurzburg by Friedrich
Koenig and Andreas Bauer in 1817, Koenig & Bauer now claims a
global market share of around 18 percent in the print media sector.
2008 hit the company hard, however, with order intakes totalling
€1.24 billion, down 20 percent year-on-year. Koenig & Bauer now
exports over 80 percent of its output, through distribution centres
in Europe, North America, Australia and Asia. Deutsche Leasing only
finances KBA equipment in Germany.
Fred Crawley
