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September 10, 2014updated 12 Apr 2017 3:56pm

De Lage Landen profits up 8.2% in H1

Europe's largest asset finance company De Lage Landen (DLL) has increased net profits by 8.2% in the half year to the end of September, taking its net profits to €225m, according to the company's half year report.

By Mike Cobb

Europe’s largest asset finance company De Lage Landen (DLL) has increased net profits by 8.2% in the half year to the end of September taking its net profits to €225m, according to the company’s half year report.

The company’s gains came despite a slower than expected economic recovery in DLL’s core markets, such as France said the company.

In a statement DLL put some of the credit for the success of the company down to its focus on partnerships, but also to its specialised knowledge of the asset finance industry.

Bill Stephenson, chief executive officer and chairman of DLL, said: "What matters to DLL is understanding the heart and soul of our partners and the needs of their businesses.

"By understanding the challenges they face in their markets, their short-term opportunities and long-term ambitions, we are able to find new solutions to changing finance and service needs which ultimately benefit our customers, this has allowed us to grow our leasing portfolio in the first six months of 2014 by 4.5% to € 31.3 billion."

DLL said its portfolio came in every one of the 36 territories that the company operates in and was "well balanced" across its industry sectors.

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