European leasing industry players are expecting business volumes to increase in the first half of 2015, according to a business confidence survey by European leasing trade association Leaseurope and leasing consultancy Invigors EMEA.
More than four in five (84%) lessors expect growth in new business volumes, while only 7% anticipate a decline.
The survey conducted in December 2014, found positive expectations among lessors regarding net profits. 63% of survey respondents forecast that net profits for their business will increase over the next six months, a small increase on that recorded last June.
Expectations on the level of bad debt are at similar levels to the previous survey with the majority of participants (62%) forecasting that bad debt will remain unchanged over the coming six months.
In terms of margins, just over half (52%) of respondents expect no change, whereas 31% predict that margins will decrease in their organisations.
Invigors EMEA partner Richard Ryan said: "Despite some uncertainty, the outlook for the European economy remains generally positive and this is reflected in the findings of the latest survey. After a strong performance in 2014, business sentiment suggests that the industry is set for a good start to 2015."
There were between 100 and 150 responses to the survey. Leasing Life contacted Leaseurope regarding the exact number and it will be updated shortly.