European lessor CHG-Meridian Group gross profits amounted to €99m at the end of the third quarter, down slightly from the €100m recorded in the same period 2013.

The group said last year’s Q3 result had been strongly influenced by portfolio restructuring in Mexico; a similar high level again this year attributable to gross profit in the German market which climbed 12%.

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In a statement accompanying the results, the group said international lease originations had risen by 8.5% from the €302m recorded in the third quarter 2013 to €328 million.

Lease originations across the CHG-Meridian Group rose by 2.9% to €670m in the first three quarters of the year. The group said the main drivers of growth were the markets of southern Europe (up by 16.1% to €77m), Eastern Europe (up by 10.5% to €18m), and the Americas (up by 15.5% to €113m). CHG-Meridian is hoping for a sprint finish in the closing months of the year, particularly in its home market of Germany, where there was a small year-on-year decline in lease originations in the first nine months of 2014.

Chief executive, Jürgen Mossakowski, said; "We are optimistic that we will see a repeat of the exceptionally strong earnings that we achieved last year, having passed the billion euro threshold for the volume of lease originations once before, we want to reach this target again. To achieve this we have to once again mobilize all our energies in the fourth quarter."

CHG-Meridian recently acquired Norway-based Acento Group, which has an annual revenue of around €70 million and provides finance and services in the IT, industrial, and medical equipment sectors in northern Europe, although its earning were not included in the group results.

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